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

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 WOOD LANE is a very large extended detached house of 156m², built sometime between 1930 and 1949. It was last sold for £355,555 in December 2016, which was around 118% 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	£163,164	118% above HPI
1998 7 SEP	£110,000	£73,843	49% 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 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the December 2016 sale, where it rises to 118% above the HPI. The line then continues to track at 118% above the HPI.

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 in Ferryhill, based on EPC data. The below chart shows the distribution of detached houses by size in Ferryhill, and where 2 WOOD LANE lies on this distribution: 87% of detached houses are smaller than 2 WOOD LANE, and 13% 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.