20, MEADOW WAY, LANCHESTER, DURHAM, DH7 0QB - £145,000

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

20 MEADOW WAY is a small extended detached house of 96m², built sometime between 1967 and 1975. It was last sold for £145,000 in May 2018, which was around 12% below the average May 2018 detached price in the County Durham local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

20 MEADOW WAY Sold Prices

Land registry data shows four sales for 20 MEADOW WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. The four 20 MEADOW WAY sales were a mix of below the average price, and roughly equal to 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
2018 29 MAY	£145,000	£165,135	12% below HPI
2004 16 DEC	£160,000	£160,015	Close to HPI
2003 4 JUL	£95,000	£114,931	17% below HPI
2001 19 SEP	£71,000	£86,082	18% below HPI

20 MEADOW WAY 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 four 20 MEADOW WAY sales between September 2001 and May 2018 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 December 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 20 MEADOW WAY?

20 MEADOW WAY is 96m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 40% of detached houses in Lanchester, based on EPC data. The below chart shows the distribution of detached houses by size in Lanchester, and where 20 MEADOW WAY lies on this distribution: 33% of detached houses are smaller than 20 MEADOW WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

20 MEADOW WAY: Plot and Title Map

20 MEADOW WAY sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 20 MEADOW WAY, 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 20 MEADOW WAY). 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 20 MEADOW WAY?

20 MEADOW WAY is located in LANCHESTER, in the DH7 postcode district. The below map shows the position of No. 20 on MEADOW WAY.