40, RICHMOND DRIVE, WOODSTONE VILLAGE, HOUGHTON LE SPRING, DH4 6TY - £235,000

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.

40 RICHMOND DRIVE is a midsized detached house of 124m², built sometime between 1996 and 2002, which could now be worth an estimated £327,263. It was last sold for £235,000 in August 2011, which was around 39% above the average August 2011 detached price in the County Durham local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

40 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 40 RICHMOND DRIVE 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 40 RICHMOND DRIVE 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
2011 31 AUG	£235,000	£169,584	39% above HPI
2000 10 JUL	£104,000	£83,461	25% above HPI

40 RICHMOND DRIVE 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 40 RICHMOND DRIVE sales from July 2000 and August 2011 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 July 2000 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2011 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 40 RICHMOND DRIVE be worth now?

40 RICHMOND DRIVE might now be worth an estimated £327,263.

This is based on house price inflation of 39.3%, between August 2011 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 39.3% inflationary increase is applied to the most recent sale price for 40 RICHMOND DRIVE of £235,000 on 31st August 2011. For the value to have increased from £235,000 to £327,263 over the fourteen years and six months to February 2025, the following assumptions must hold true:

• The value of 40 RICHMOND DRIVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2011 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 40 RICHMOND DRIVE has not materially changed since August 2011.

How Large is 40 RICHMOND DRIVE?

40 RICHMOND DRIVE is 124m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 50% of detached houses houses in Woodstone Village, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodstone Village, and where 40 RICHMOND DRIVE lies on this distribution: 48% of detached houses houses are smaller than 40 RICHMOND DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Woodstone Village.

40 RICHMOND DRIVE: Plot and Title Map

40 RICHMOND DRIVE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 40 RICHMOND DRIVE, 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 40 RICHMOND DRIVE). 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 40 RICHMOND DRIVE?

40 RICHMOND DRIVE is located in WOODSTONE VILLAGE, in the DH4 postcode district. The below map shows the position of No. 40 on RICHMOND DRIVE.