2, CROMARTY, OUSTON, CHESTER LE STREET, DH2 1LA - £350,000

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 CROMARTY is a very large extended detached house of 153m², built sometime between 1967 and 1975, which could now be worth an estimated £371,897. It was last sold for £350,000 in October 2022, which was around 57% above the average October 2022 detached price in the County Durham local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

2 CROMARTY Sold Prices

Land registry data shows two sales for 2 CROMARTY 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. One of the two 2 CROMARTY sales was for above the average price, whilst the other 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
2022 31 OCT	£350,000	£222,259	57% above HPI
1998 17 APR	£66,000	£72,466	9% below HPI

2 CROMARTY 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 CROMARTY sales from April 1998 and October 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 1998 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2022 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 2 CROMARTY be worth now?

2 CROMARTY might now be worth an estimated £371,897.

This is based on house price inflation of 6.3%, between October 2022 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 6.3% inflationary increase is applied to the most recent sale price for 2 CROMARTY of £350,000 on 31st October 2022. For the value to have increased from £350,000 to £371,897 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 CROMARTY has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CROMARTY has not materially changed since October 2022.

How Large is 2 CROMARTY?

2 CROMARTY is 153m², which includes three extensions, according to the EPC inspection conducted in April 2022. This puts it in the largest 10% of detached houses houses in Ouston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ouston, and where 2 CROMARTY lies on this distribution: 94% of detached houses houses are smaller than 2 CROMARTY, and 6% of houses are larger. Note that EPC data is not available for all properties in Ouston.

2 CROMARTY: Plot and Title Map

2 CROMARTY sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 2 CROMARTY, 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 CROMARTY). 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 CROMARTY?

2 CROMARTY is located in OUSTON, in the DH2 postcode district. The below map shows the position of No. 2 on CROMARTY.