£376,855
This estimated value is based upon the latest sale price for the house of £279,000 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £279,000 | 31 Mar 2016 |
| £58,000 | 4 Sep 1998 |
| Terraced |
| Freehold |
| Floor Area: 236 sq meters or 2,540 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 2016 the House Price Index for DURHAM was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £279,000 results in an estimated price of approximately £376,855.
| 31 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £279,000 | £97,855 | £376,855 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | 9.286 % | £25,908 | £304,908 |
| 3 Month Average | 12.598 % | £35,149 | £314,149 |
| 6 Month Average | 17.633 % | £49,197 | £328,197 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £255,264 | £252,000 | 46 - 47 CHURCH STREET |
| 14 Jul 2023 | £65,887 | £65,000 | 10 WEAR STREET |
| 28 Jun 2022 | £50,717 | £50,000 | 18 HAWTHORN SQUARE |
| 14 Jun 2022 | £43,616 | £43,000 | 4 SOUTH TERRACE |
| 11 May 2022 | £76,440 | £75,000 | 53 CHURCH STREET |
This house has a floor area of 236 sq meters or 2,540 sq feet when measured on 16 Mar 2016. Using an estimated price of £376,856 means this house is valued at £1,596 per sq meter (£148 per sq foot).
The average size of a house on NORTH TERRACE is 214 sq meters (2,308 sq feet).
This house is the largest in the street with a floor area of 236 sq meters (2,540 sq feet).