This estimated value is based upon the latest sale price for the house of £84,000 on 20 Mar 1998. This value is then adjusted by the current Official House Price Index for DURHAM1
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|£84,000||20 Mar 1998|
This model uses changes in the Official Land Registry House Price Index for DURHAM to estimate the market value.
When this house was purchased in March 1998 the House Price Index for DURHAM was 43.1.The House Price Index as of 1 Jun 2019 is 111.4 which is a change of 158.453%.
Applying this 158.453% change to the original purchase price of £84,000 gives us an estimated price now of around £217,100.
|20 Mar 1998||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
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||150.152 %||£126,127||£210,127|
|3 Month Average||213.364 %||£179,225||£263,225|
|6 Month Average||220.500 %||£185,219||£269,219|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In March 1998 the average sale price for the 50 nearest sales within three miles of RAMLEH WHITESMOCKS was £72,880.
In December 2019 the average sale price for the 50 nearest sales was £126,686. This is a change of 73.828%.
So taking the original purchase price of £84,000 and adjusting it by 73.828% gives an estimated price of £146,015.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 20 Mar 1998||Average price on 26 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|7 Jun 2019||£625,000||£625,000||FRIARS GARTH LONG GARTH|
|4 Jan 2019||£204,383||£195,000||7 WITTON GROVE|
|30 Nov 2018||£241,365||£240,000||19 ST NICHOLAS DRIVE|
|7 Sep 2018||£472,401||£475,000||3 AYKLEY GREEN|
|7 Jun 2018||£252,476||£243,000||22 DRYBURN PARK|