£62,228
This estimated value is based upon the latest sale price for the house of £49,500 on 21 Dec 2017. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£49,500 | 21 Dec 2017 |
£43,000 | 11 Apr 2005 |
Terraced |
Freehold |
Floor Area: 138 sq meters or 1,485 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 December 2017 the House Price Index for DURHAM was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £49,500 results in an estimated price of approximately £62,228.
21 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.2 | 148.6 | 25.714 % | £49,500 | £12,728 | £62,228 |
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 | 38.124 % | £18,871 | £68,371 |
3 Month Average | -4.145 % | £-2,051 | £47,448 |
6 Month Average | 2.671 % | £1,322 | £50,822 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £63,613 | £62,500 | 23 BIRCHAM STREET |
1 Dec 2023 | £61,068 | £60,000 | 36 BIRCHAM STREET |
18 Sep 2023 | £27,350 | £27,000 | 160 PARK ROAD |
20 Jul 2023 | £81,091 | £80,000 | 205 PARK ROAD |
14 Apr 2023 | £50,544 | £50,000 | 24 STANDISH STREET |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 26 Oct 2017. Using an estimated price of £62,228 means this house is valued at £450 per sq meter (£41 per sq foot).
The average size of a house on BIRCHAM STREET is 93 sq meters (1,006 sq feet).