13, MEADOW WAY, LANCHESTER, DURHAM, DH7 0QB - £160,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

13 MEADOW WAY is a very small detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £217,823. It was last sold for £160,000 in July 2020, which was around 8% below the average July 2020 detached price in the County Durham local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

13 MEADOW WAY Sold Prices

Land registry data shows five sales for 13 MEADOW WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the five 13 MEADOW WAY 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
2020 17 JUL	£160,000	£173,472	8% below HPI
2011 22 DEC	£115,000	£169,702	32% below HPI
2011 11 NOV	£125,000	£169,622	26% below HPI
2004 20 AUG	£127,000	£155,908	19% below HPI
1999 7 MAY	£56,950	£74,170	23% below HPI

13 MEADOW WAY 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 five 13 MEADOW WAY sales between May 1999 and July 2020 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 December 2011 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2020 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 13 MEADOW WAY be worth now?

13 MEADOW WAY might now be worth an estimated £217,823.

This is based on house price inflation of 36.1%, between July 2020 and February 2025, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.1% inflationary increase is applied to the most recent sale price for 13 MEADOW WAY of £160,000 on 17th July 2020. For the value to have increased from £160,000 to £217,823 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 13 MEADOW WAY has moved in line with the HPI for detached houses in the County Durham local authority area.
• The July 2020 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 13 MEADOW WAY has not materially changed since July 2020.

How Large is 13 MEADOW WAY?

13 MEADOW WAY is 79m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 20% of detached houses houses in Lanchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanchester, and where 13 MEADOW WAY lies on this distribution: 12% of detached houses houses are smaller than 13 MEADOW WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

13 MEADOW WAY: Plot and Title Map

13 MEADOW WAY sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 13 MEADOW WAY, 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 13 MEADOW WAY). 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 13 MEADOW WAY?

13 MEADOW WAY is located in LANCHESTER, in the DH7 postcode district. The below map shows the position of No. 13 on MEADOW WAY.