1, THE MEET, NEWTON AYCLIFFE, DL5 7PQ - £140,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 THE MEET is a very small detached house of 74m², built sometime between 1976 and 1982. It was last sold for £140,000 in December 2019, which was around 17% below the average December 2019 detached price in the County Durham local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

1 THE MEET Sold Prices

Land registry data shows two sales for 1 THE MEET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Both of the two 1 THE MEET sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 2 DEC	£140,000	£168,085	17% below HPI
1998 20 FEB	£45,000	£71,008	37% below HPI

1 THE MEET Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two 1 THE MEET sales from February 1998 and December 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 1998 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the December 2019 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 1 THE MEET?

1 THE MEET is 74m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of detached houses in Newton Aycliffe, based on EPC data. The below chart shows the distribution of detached houses by size in Newton Aycliffe, and where 1 THE MEET lies on this distribution: 11% of detached houses are smaller than 1 THE MEET, and 87% of houses are larger. Note that EPC data is not available for all properties in Newton Aycliffe.

1 THE MEET: Plot and Title Map

1 THE MEET sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 1 THE MEET, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 THE MEET). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 THE MEET?

1 THE MEET is located in NEWTON AYCLIFFE, in the DL5 postcode district. The below map shows the position of No. 1 on THE MEET.