2, PHILIP AVENUE, BOWBURN, DURHAM, DH6 5EQ - £170,000

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

2 PHILIP AVENUE is a very small detached house of 84m², built sometime from 2007 onwards. It was last sold for £170,000 in November 2022, which was around 22% below the average November 2022 detached price in the County Durham local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was B.

2 PHILIP AVENUE Sold Prices

Land registry data shows two sales for 2 PHILIP AVENUE 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 PHILIP AVENUE 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
2022 11 NOV	£170,000	£216,842	22% below HPI
2006 3 NOV	£147,995	£182,475	19% below HPI

2 PHILIP AVENUE 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 PHILIP AVENUE sales from November 2006 and November 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 November 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 2 PHILIP AVENUE?

2 PHILIP AVENUE is 84m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 20% of detached houses in Bowburn, based on EPC data. The below chart shows the distribution of detached houses by size in Bowburn, and where 2 PHILIP AVENUE lies on this distribution: 13% of detached houses are smaller than 2 PHILIP AVENUE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bowburn.

2 PHILIP AVENUE: Plot and Title Map

2 PHILIP AVENUE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 2 PHILIP AVENUE, 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 PHILIP AVENUE). 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 PHILIP AVENUE?

2 PHILIP AVENUE is located in BOWBURN, in the DH6 postcode district. The below map shows the position of No. 2 on PHILIP AVENUE.