38, PARK ROAD, WITTON PARK, BISHOP AUCKLAND, DL14 0EN - £85,000

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.

38 PARK ROAD is a very small extended detached house of 105m², built sometime between 1900 and 1929, which could now be worth an estimated £114,695. It was last sold for £85,000 in July 2018, which was around 51% below the average July 2018 detached price in the County Durham local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was C.

38 PARK ROAD Sold Prices

Land registry data shows two sales for 38 PARK ROAD 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 38 PARK ROAD 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
2018 16 JUL	£85,000	£175,020	51% below HPI
2002 13 MAY	£62,000	£92,118	33% below HPI

38 PARK ROAD 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 38 PARK ROAD sales from May 2002 and July 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 May 2002 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 2018 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 38 PARK ROAD be worth now?

38 PARK ROAD might now be worth an estimated £114,695.

This is based on house price inflation of 34.9%, between July 2018 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 34.9% inflationary increase is applied to the most recent sale price for 38 PARK ROAD of £85,000 on 16th July 2018. For the value to have increased from £85,000 to £114,695 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 38 PARK ROAD has moved in line with the HPI for detached houses in the County Durham local authority area.
• The July 2018 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of 38 PARK ROAD has not materially changed since July 2018.

How Large is 38 PARK ROAD?

38 PARK ROAD is 105m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the smallest 20% of detached houses houses in Witton Park, based on EPC data. The below chart shows the distribution of detached houses houses by size in Witton Park, and where 38 PARK ROAD lies on this distribution: 17% of detached houses houses are smaller than 38 PARK ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Witton Park.

38 PARK ROAD: Plot and Title Map

38 PARK ROAD sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 38 PARK ROAD, 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 38 PARK ROAD). 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 38 PARK ROAD?

38 PARK ROAD is located in WITTON PARK, in the DL14 postcode district. The below map shows the position of No. 38 on PARK ROAD.