2, CLEVELAND VIEW, FERRYHILL, DL17 0SW - £225,000

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.

2 CLEVELAND VIEW is a very large detached house of 171m², built sometime between 1983 and 1990, which could now be worth an estimated £316,589. It was last sold for £225,000 in February 2011, which was around 34% above the average February 2011 detached price in the County Durham local authority area. The most recent EPC inspection was April 2009, where the current energy rating was C, and the potential energy rating was C.

2 CLEVELAND VIEW Sold Prices

Land registry data shows two sales for 2 CLEVELAND VIEW 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 2 CLEVELAND VIEW 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
2011 18 FEB	£225,000	£167,842	34% above HPI
2001 9 NOV	£125,000	£89,290	40% above HPI

2 CLEVELAND VIEW 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 2 CLEVELAND VIEW sales from November 2001 and February 2011 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 November 2001 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the February 2011 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 2 CLEVELAND VIEW be worth now?

2 CLEVELAND VIEW might now be worth an estimated £316,589.

This is based on house price inflation of 40.7%, between February 2011 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 40.7% inflationary increase is applied to the most recent sale price for 2 CLEVELAND VIEW of £225,000 on 18th February 2011. For the value to have increased from £225,000 to £316,589 over the fourteen years to February 2025, the following assumptions must hold true:

• The value of 2 CLEVELAND VIEW has moved in line with the HPI for detached houses in the County Durham local authority area.
• The February 2011 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CLEVELAND VIEW has not materially changed since February 2011.

How Large is 2 CLEVELAND VIEW?

2 CLEVELAND VIEW is 171m² according to the EPC inspection conducted in April 2009. This puts it in the largest 10% of detached houses houses in Ferryhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ferryhill, and where 2 CLEVELAND VIEW lies on this distribution: 92% of detached houses houses are smaller than 2 CLEVELAND VIEW, and 8% of houses are larger. Note that EPC data is not available for all properties in Ferryhill.

2 CLEVELAND VIEW: Plot and Title Map

2 CLEVELAND VIEW sits on a plot of roughly 0.586 of an acre, or 2,370m². The below map shows the location of 2 CLEVELAND VIEW, 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 2 CLEVELAND VIEW). 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 2 CLEVELAND VIEW?

2 CLEVELAND VIEW is located in FERRYHILL, in the DL17 postcode district. The below map shows the position of No. 2 on CLEVELAND VIEW.