Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources
1 WEST TERRACE is a very large extended detached house of 196m², built sometime before 1900. It was last sold for £465,000 in June 2022, which was around 129% above the average June 2022 detached price in the County Durham local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows three sales for 1 WEST TERRACE since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 1 WEST TERRACE sales were for above 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 |
---|---|---|---|
2022 9 JUN | £465,000 | £203,387 | 129% above HPI |
2004 26 APR | £265,000 | £130,963 | 102% above HPI |
2003 31 JAN | £245,000 | £103,272 | 137% above HPI |
The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The three 1 WEST TERRACE sales between January 2003 and June 2022 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 April 2004 sale was for 102% above the HPI. So the extrapolation line tracks at 102% above the HPI over time, until the June 2022 sale, where it rises to 129% above the HPI. The line then continues to track at 129% above the HPI.
1 WEST TERRACE is 196m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 20% of detached houses in Staindrop, based on EPC data. The below chart shows the distribution of detached houses by size in Staindrop, and where 1 WEST TERRACE lies on this distribution: 85% of detached houses are smaller than 1 WEST TERRACE, and 15% of houses are larger. Note that EPC data is not available for all properties in Staindrop.
1 WEST TERRACE sits on a plot of roughly 0.169 of an acre, or 682m². The below map shows the location of 1 WEST TERRACE, 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 WEST TERRACE). 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.
1 WEST TERRACE is located in STAINDROP, in the DL2 postcode district. The below map shows the position of No. 1 on WEST TERRACE.