£54,305
This estimated value is based upon the latest sale price for the house of £34,500 on 21 Mar 2014. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£34,500 | 21 Mar 2014 |
£17,000 | 30 Jun 2000 |
Terraced |
Freehold |
Floor Area: 72 sq meters or 775 sq feet |
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 2014 the House Price Index for DURHAM was 94.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.406%.Applying this 57.406% change to the original purchase price of £34,500 results in an estimated price of approximately £54,305.
21 Mar 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.4 | 148.6 | 57.406 % | £34,500 | £19,805 | £54,305 |
The Postcode Pricing Model uses changes in average sales price within the DH9 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 | 56.992 % | £19,662 | £54,162 |
3 Month Average | 8.879 % | £3,063 | £37,563 |
6 Month Average | 11.945 % | £4,120 | £38,620 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £38,000 | £38,000 | 2 MULBERRY TERRACE |
23 Nov 2023 | £65,977 | £65,000 | 22 CATHERINE TERRACE |
17 Nov 2023 | £150,224 | £148,000 | 2 SABIN COURT |
7 Feb 2023 | £38,474 | £38,500 | 5 MULBERRY TERRACE |
25 Jul 2022 | £126,340 | £126,000 | ELECTRO MECHANICAL SOLUTIONS EMS HOUSE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 22 Jan 2014. Using an estimated price of £54,305 means this house is valued at £754 per sq meter (£70 per sq foot).
The average size of a house on SYCAMORE TERRACE is 71 sq meters (765 sq feet).