24, MEADOW WAY, LANCHESTER, DURHAM, DH7 0QB - £152,000

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.

24 MEADOW WAY is a small extended detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £220,820. It was last sold for £152,000 in June 2014, which was around 6% below the average June 2014 detached price in the County Durham local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

24 MEADOW WAY Sold Prices

Land registry data shows three sales for 24 MEADOW WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 24 MEADOW WAY 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
2014 13 JUN	£152,000	£162,562	6% below HPI
2006 28 APR	£132,000	£180,021	27% below HPI
1998 18 FEB	£71,000	£72,992	3% below HPI

24 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 three 24 MEADOW WAY sales between February 1998 and June 2014 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 April 2006 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2014 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 24 MEADOW WAY be worth now?

24 MEADOW WAY might now be worth an estimated £220,820.

This is based on house price inflation of 45.3%, between June 2014 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 45.3% inflationary increase is applied to the most recent sale price for 24 MEADOW WAY of £152,000 on 13th June 2014. For the value to have increased from £152,000 to £220,820 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 24 MEADOW WAY has moved in line with the HPI for detached houses in the County Durham local authority area.
• The June 2014 sale price of £152,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MEADOW WAY has not materially changed since June 2014.

How Large is 24 MEADOW WAY?

24 MEADOW WAY is 87m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the smallest 30% of detached houses houses in Lanchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanchester, and where 24 MEADOW WAY lies on this distribution: 23% of detached houses houses are smaller than 24 MEADOW WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

24 MEADOW WAY: Plot and Title Map

24 MEADOW WAY sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 24 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 24 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 24 MEADOW WAY?

24 MEADOW WAY is located in LANCHESTER, in the DH7 postcode district. The below map shows the position of No. 24 on MEADOW WAY.