£334,328
This estimated value is based upon the latest sale price for the house of £285,000 on 9 Oct 2020. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £285,000 | 9 Oct 2020 |
| Detached |
| Freehold |
| Floor Area: 198 sq meters or 2,136 sq feet |
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 October 2020 the House Price Index for COUNTY DURHAM was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £285,000 results in an estimated price of approximately £334,328.
| 9 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £285,000 | £49,328 | £334,328 |
The Postcode Pricing Model uses changes in average sales price within the TS28 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 | 24.271 % | £69,172 | £354,172 |
| 3 Month Average | 1.777 % | £5,063 | £290,063 |
| 6 Month Average | -23.765 % | £-67,730 | £217,269 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2023 | £81,036 | £80,000 | 12 MOOR LANE |
| 30 Jun 2023 | £44,540 | £44,000 | 1 CHURCH STREET |
| 22 Jul 2022 | £56,653 | £56,500 | 42 NORTH ROAD WEST |
| 30 May 2022 | £169,901 | £166,700 | 102 CHILLERTON WAY |
| 18 Feb 2022 | £116,405 | £111,000 | 18 WINFORD GROVE |
This house has a floor area of 198 sq meters or 2,136 sq feet when measured on 27 Apr 2010. Using an estimated price of £334,329 means this house is valued at £1,684 per sq meter (£156 per sq foot).
The average size of a house on NORTH ROAD EAST is 129 sq meters (1,395 sq feet).