18, VERE ROAD, BARNARD CASTLE, DL12 8AE - £270,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 VERE ROAD is a very small extended detached house of 74m², built sometime between 1930 and 1949, which could now be worth an estimated £294,218. It was last sold for £270,000 in February 2024, which was around 25% above the average February 2024 detached price in the County Durham local authority area. The most recent EPC inspection was July 2023, where the current energy rating was E, and the potential energy rating was C.

18 VERE ROAD Sold Prices

Land registry data shows three sales for 18 VERE ROAD since 1^st 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. Two of the three 18 VERE ROAD sales were for above the average price, whilst one was 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
2024 29 FEB	£270,000	£215,272	25% above HPI
2007 30 MAR	£212,500	£186,694	14% above HPI
2005 24 MAR	£125,000	£165,567	25% below HPI

18 VERE ROAD 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 three 18 VERE ROAD sales between March 2005 and February 2024 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 March 2007 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the February 2024 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 18 VERE ROAD be worth now?

18 VERE ROAD might now be worth an estimated £294,218.

This is based on house price inflation of 9%, between February 2024 and December 2024, 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 9% inflationary increase is applied to the most recent sale price for 18 VERE ROAD of £270,000 on 29th February 2024. For the value to have increased from £270,000 to £294,218 over the two months to December 2024, the following assumptions must hold true:

• The value of 18 VERE ROAD has moved in line with the HPI for detached houses in the County Durham local authority area.
• The February 2024 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 18 VERE ROAD has not materially changed since February 2024.

How Large is 18 VERE ROAD?

18 VERE ROAD is 74m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 20% of detached houses houses in Barnard Castle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barnard Castle, and where 18 VERE ROAD lies on this distribution: 12% of detached houses houses are smaller than 18 VERE ROAD, and 88% of houses are larger. Note that EPC data is not available for all properties in Barnard Castle.

18 VERE ROAD: Plot and Title Map

18 VERE ROAD sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 18 VERE ROAD, 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 18 VERE ROAD). 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 18 VERE ROAD?

18 VERE ROAD is located in BARNARD CASTLE, in the DL12 postcode district. The below map shows the position of No. 18 on VERE ROAD.