£914,457
This estimated value is based upon the latest sale price for the house of £675,000 on 1 Jul 2016. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £675,000 | 1 Jul 2016 |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for COUNTY DURHAM to estimate the market value.
When this house was purchased in July 2016 the House Price Index for COUNTY DURHAM was 74.7.
The House Price Index as of 1 Dec 2024 is 101.2 which is a change of 35.475%.Applying this 35.475% change to the original purchase price of £675,000 results in an estimated price of approximately £914,457.
| 1 Jul 2016 | 1 Dec 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 74.7 | 101.2 | 35.475 % | £675,000 | £239,457 | £914,457 |
The Postcode Pricing Model uses changes in average sales price within the DH1 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -6.508 % | £-43,929 | £631,070 |
| 3 Month Average | 24.278 % | £163,874 | £838,874 |
| 6 Month Average | 16.515 % | £111,478 | £786,478 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2024 | £205,610 | £205,000 | 11 BEVAN GROVE |
| 18 Jul 2024 | £163,721 | £160,000 | 1 BEVAN GROVE |
| 24 May 2024 | £158,285 | £155,000 | 16 ASHDOWN AVENUE |
| 11 Dec 2023 | £192,812 | £185,000 | 1 LIMECRAG AVENUE |
| 30 Nov 2023 | £129,611 | £125,000 | 1 PROVIDENCE PLACE |