3, MILLFIELD, TEMPLETOWN, CONSETT, DH8 7NZ - £277,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 MILLFIELD is a very large extended detached house of 161m², built sometime between 2003 and 2006, which could now be worth an estimated £361,604. It was last sold for £277,500 in April 2006, which was around 54% above the average April 2006 detached price in the County Durham local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

3 MILLFIELD Sold Prices

Land registry data shows two sales for 3 MILLFIELD 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 3 MILLFIELD 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
2006 12 APR	£277,500	£180,021	54% above HPI
2005 27 MAY	£286,200	£169,942	68% above HPI

3 MILLFIELD 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 MILLFIELD sales from May 2005 and April 2006 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 May 2005 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the April 2006 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might 3 MILLFIELD be worth now?

3 MILLFIELD might now be worth an estimated £361,604.

This is based on house price inflation of 30.3%, between April 2006 and December 2024, 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 30.3% inflationary increase is applied to the most recent sale price for 3 MILLFIELD of £277,500 on 12th April 2006. For the value to have increased from £277,500 to £361,604 over the seventeen years and four months to December 2024, the following assumptions must hold true:

• The value of 3 MILLFIELD has moved in line with the HPI for detached houses in the County Durham local authority area.
• The April 2006 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 3 MILLFIELD has not materially changed since April 2006.

How Large is 3 MILLFIELD?

3 MILLFIELD is 161m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 20% of detached houses houses in Consett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Consett, and where 3 MILLFIELD lies on this distribution: 89% of detached houses houses are smaller than 3 MILLFIELD, and 11% of houses are larger. Note that EPC data is not available for all properties in Consett.

3 MILLFIELD: Plot and Title Map

3 MILLFIELD sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 3 MILLFIELD, 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 MILLFIELD). 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 MILLFIELD?

3 MILLFIELD is located in TEMPLETOWN, in the DH8 postcode district. The below map shows the position of No. 3 on MILLFIELD.