38, SPRING LANE, SEDGEFIELD, STOCKTON-ON-TEES, TS21 2DG - £252,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

38 SPRING LANE is a small extended detached house of 114m², built sometime between 1967 and 1975. It was last sold for £252,000 in December 2019, which was around 50% above the average December 2019 detached price in the County Durham local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

38 SPRING LANE Sold Prices

Land registry data shows three sales for 38 SPRING LANE 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 38 SPRING LANE 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
2019 6 DEC	£252,000	£168,085	50% above HPI
2004 1 DEC	£210,000	£160,015	31% above HPI
1998 15 APR	£76,000	£70,496	8% above HPI

38 SPRING LANE 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 38 SPRING LANE sales between April 1998 and December 2019 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 December 2004 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the December 2019 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is 38 SPRING LANE?

38 SPRING LANE is 114m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 30% of detached houses in Sedgefield, based on EPC data. The below chart shows the distribution of detached houses by size in Sedgefield, and where 38 SPRING LANE lies on this distribution: 29% of detached houses are smaller than 38 SPRING LANE, and 70% of houses are larger. Note that EPC data is not available for all properties in Sedgefield.

38 SPRING LANE: Plot and Title Map

38 SPRING LANE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 38 SPRING LANE, 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 SPRING LANE). 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 SPRING LANE?

38 SPRING LANE is located in SEDGEFIELD, in the TS21 postcode district. The below map shows the position of No. 38 on SPRING LANE.