2, STANHOPE CLOSE, MEADOWFIELD, DURHAM, DH7 8XE - £155,000

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

2 STANHOPE CLOSE is a very small detached house of 76m², built sometime between 1983 and 1990, which could now be worth an estimated £211,977. It was last sold for £155,000 in April 2019, which was around 10% below the average April 2019 detached price in the County Durham local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

2 STANHOPE CLOSE Sold Prices

Land registry data shows two sales for 2 STANHOPE CLOSE 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 STANHOPE CLOSE 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
2019 24 APR	£155,000	£171,528	10% below HPI
1999 15 OCT	£68,500	£79,572	14% below HPI

2 STANHOPE CLOSE 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 STANHOPE CLOSE sales from October 1999 and April 2019 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 October 1999 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the April 2019 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 2 STANHOPE CLOSE be worth now?

2 STANHOPE CLOSE might now be worth an estimated £211,977.

This is based on house price inflation of 36.8%, between April 2019 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 36.8% inflationary increase is applied to the most recent sale price for 2 STANHOPE CLOSE of £155,000 on 24th April 2019. For the value to have increased from £155,000 to £211,977 over the four years and four months to December 2024, the following assumptions must hold true:

• The value of 2 STANHOPE CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The April 2019 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 2 STANHOPE CLOSE has not materially changed since April 2019.

How Large is 2 STANHOPE CLOSE?

2 STANHOPE CLOSE is 76m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% of detached houses houses in Meadowfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Meadowfield, and where 2 STANHOPE CLOSE lies on this distribution: 4% of detached houses houses are smaller than 2 STANHOPE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Meadowfield.

2 STANHOPE CLOSE: Plot and Title Map

2 STANHOPE CLOSE sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 2 STANHOPE CLOSE, 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 STANHOPE CLOSE). 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 STANHOPE CLOSE?

2 STANHOPE CLOSE is located in MEADOWFIELD, in the DH7 postcode district. The below map shows the position of No. 2 on STANHOPE CLOSE.