2, PROSPECT PLACE, BARNARD CASTLE, DL12 8HQ - £112,500

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 PROSPECT PLACE is a very small extended semi-detached house of 82m², built sometime between 1900 and 1929, which could now be worth an estimated £143,896. It was last sold for £112,500 in December 2020, which was around 6% above the average December 2020 semi-detached price in the County Durham local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was B.

2 PROSPECT PLACE Sold Prices

Land registry data shows two sales for 2 PROSPECT PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. One of the two 2 PROSPECT PLACE 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
2020 14 DEC	£112,500	£106,452	6% above HPI
2000 27 SEP	£37,500	£44,795	16% below HPI

2 PROSPECT PLACE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The two 2 PROSPECT PLACE sales from September 2000 and December 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 September 2000 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2020 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 2 PROSPECT PLACE be worth now?

2 PROSPECT PLACE might now be worth an estimated £143,896.

This is based on house price inflation of 27.9%, between December 2020 and February 2025, for semi-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 27.9% inflationary increase is applied to the most recent sale price for 2 PROSPECT PLACE of £112,500 on 14th December 2020. For the value to have increased from £112,500 to £143,896 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 PROSPECT PLACE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The December 2020 sale price of £112,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PROSPECT PLACE has not materially changed since December 2020.

How Large is 2 PROSPECT PLACE?

2 PROSPECT PLACE is 82m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of semi-detached houses houses in Barnard Castle, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Barnard Castle, and where 2 PROSPECT PLACE lies on this distribution: 16% of semi-detached houses houses are smaller than 2 PROSPECT PLACE, and 83% of houses are larger. Note that EPC data is not available for all properties in Barnard Castle.

2 PROSPECT PLACE: Plot and Title Map

2 PROSPECT PLACE sits on a plot of roughly 0.034 of an acre, or 137m². The below map shows the location of 2 PROSPECT PLACE, 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 PROSPECT PLACE). 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 PROSPECT PLACE?

2 PROSPECT PLACE is located in BARNARD CASTLE, in the DL12 postcode district. The below map shows the position of No. 2 on PROSPECT PLACE.