38, RICHARDSON WAY, CONSETT, DH8 5YF - £194,000

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

38 RICHARDSON WAY is a very small detached house of 85m², which could now be worth an estimated £212,026. It was last sold for £194,000 in January 2024, which was around 10% below the average January 2024 detached price in the County Durham local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was A.

38 RICHARDSON WAY Sold Prices

Land registry data shows two sales for 38 RICHARDSON WAY 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 RICHARDSON 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
2024 12 JAN	£194,000	£214,637	10% below HPI
2018 31 MAY	£163,495	£169,750	4% below HPI

38 RICHARDSON 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 two 38 RICHARDSON WAY sales from May 2018 and January 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 May 2018 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the January 2024 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 38 RICHARDSON WAY be worth now?

38 RICHARDSON WAY might now be worth an estimated £212,026.

This is based on house price inflation of 9.3%, between January 2024 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 9.3% inflationary increase is applied to the most recent sale price for 38 RICHARDSON WAY of £194,000 on 12th January 2024. For the value to have increased from £194,000 to £212,026 over the one month to December 2024, the following assumptions must hold true:

• The value of 38 RICHARDSON WAY has moved in line with the HPI for detached houses in the County Durham local authority area.
• The January 2024 sale price of £194,000 represented a fair market value for the property.
• The size, condition, and specification of 38 RICHARDSON WAY has not materially changed since January 2024.

How Large is 38 RICHARDSON WAY?

38 RICHARDSON WAY is 85m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 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 38 RICHARDSON WAY lies on this distribution: 15% of detached houses houses are smaller than 38 RICHARDSON WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Consett.

38 RICHARDSON WAY: Plot and Title Map

38 RICHARDSON WAY sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 38 RICHARDSON 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 38 RICHARDSON 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 38 RICHARDSON WAY?

38 RICHARDSON WAY is located in CONSETT, in the DH8 postcode district. The below map shows the position of No. 38 on RICHARDSON WAY.