3, MILBANK CHAPEL TERRACE, STATION TOWN, WINGATE, TS28 5DS - £225,000

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.

3 MILBANK CHAPEL TERRACE is a small detached house of 89m², built sometime between 1950 and 1966, which could now be worth an estimated £248,230. It was last sold for £225,000 in March 2024, which was around 5% above the average March 2024 detached price in the County Durham local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

3 MILBANK CHAPEL TERRACE Sold Prices

Land registry data shows two sales for 3 MILBANK CHAPEL TERRACE 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. One of the two 3 MILBANK CHAPEL TERRACE sales was for above the average price, whilst the other was 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
2024 28 MAR	£225,000	£214,620	5% above HPI
2023 13 JAN	£89,000	£221,299	60% below HPI

3 MILBANK CHAPEL TERRACE 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 3 MILBANK CHAPEL TERRACE sales from January 2023 and March 2024 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 January 2023 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the March 2024 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 3 MILBANK CHAPEL TERRACE be worth now?

3 MILBANK CHAPEL TERRACE might now be worth an estimated £248,230.

This is based on house price inflation of 10.3%, between March 2024 and March 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 10.3% inflationary increase is applied to the most recent sale price for 3 MILBANK CHAPEL TERRACE of £225,000 on 28th March 2024. For the value to have increased from £225,000 to £248,230 over the one year to March 2025, the following assumptions must hold true:

• The value of 3 MILBANK CHAPEL TERRACE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The March 2024 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILBANK CHAPEL TERRACE has not materially changed since March 2024.

How Large is 3 MILBANK CHAPEL TERRACE?

3 MILBANK CHAPEL TERRACE is 89m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% of detached houses houses in Station Town, based on EPC data. The below chart shows the distribution of detached houses houses by size in Station Town, and where 3 MILBANK CHAPEL TERRACE lies on this distribution: 26% of detached houses houses are smaller than 3 MILBANK CHAPEL TERRACE, and 71% of houses are larger. Note that EPC data is not available for all properties in Station Town.

3 MILBANK CHAPEL TERRACE: Plot and Title Map

3 MILBANK CHAPEL TERRACE sits on a plot of roughly 0.129 of an acre, or 521m². The below map shows the location of 3 MILBANK CHAPEL TERRACE, 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 3 MILBANK CHAPEL TERRACE). 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 3 MILBANK CHAPEL TERRACE?

3 MILBANK CHAPEL TERRACE is located in STATION TOWN, in the TS28 postcode district. The below map shows the position of No. 3 on MILBANK CHAPEL TERRACE.