2, WOOD LANE, FERRYHILL, DL17 8QB - £355,555

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 WOOD LANE is a very large extended detached house of 156m², built sometime between 1930 and 1949, which could now be worth an estimated £500,640. It was last sold for £355,555 in December 2016, which was around 112% above the average December 2016 detached price in the County Durham local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was C.

2 WOOD LANE Sold Prices

Land registry data shows two sales for 2 WOOD LANE 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 WOOD LANE 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
2016 22 DEC	£355,555	£167,724	112% above HPI
1998 7 SEP	£110,000	£75,907	45% above HPI

2 WOOD LANE 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 WOOD LANE sales from September 1998 and December 2016 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 1998 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the December 2016 sale, where it rises to 112% above the HPI. The line then continues to track at 112% above the HPI.

What might 2 WOOD LANE be worth now?

2 WOOD LANE might now be worth an estimated £500,640.

This is based on house price inflation of 40.8%, between December 2016 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 40.8% inflationary increase is applied to the most recent sale price for 2 WOOD LANE of £355,555 on 22nd December 2016. For the value to have increased from £355,555 to £500,640 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 WOOD LANE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The December 2016 sale price of £355,555 represented a fair market value for the property.
• The size, condition, and specification of 2 WOOD LANE has not materially changed since December 2016.

How Large is 2 WOOD LANE?

2 WOOD LANE is 156m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 20% 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 WOOD LANE lies on this distribution: 88% of detached houses houses are smaller than 2 WOOD LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Ferryhill.

2 WOOD LANE: Plot and Title Map

2 WOOD LANE sits on a plot of roughly 0.269 of an acre, or 1,088m². The below map shows the location of 2 WOOD LANE, 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 WOOD LANE). 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 WOOD LANE?

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