5, CRAVENS COTTAGES, STATION TOWN, WINGATE, TS28 5EQ - £52,500

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.

5 CRAVENS COTTAGES is a very small terraced house of 71m², built sometime between 1930 and 1949, which could now be worth an estimated £66,574. It was last sold for £52,500 in April 2021, which was around 43% below the average April 2021 terraced price in the County Durham local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was B.

5 CRAVENS COTTAGES Sold Prices

Land registry data shows three sales for 5 CRAVENS COTTAGES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the County Durham local authority area for the corresponding sale date. All of the three 5 CRAVENS COTTAGES 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
2021 9 APR	£52,500	£91,314	43% below HPI
2020 30 APR	£31,000	£77,333	60% below HPI
2015 6 MAR	£47,000	£74,676	37% below HPI

5 CRAVENS COTTAGES Price Paid vs. HPI Average

The below graph shows the average terraced house price in the County Durham local authority area over time, sourced from the HPI. The three 5 CRAVENS COTTAGES sales between March 2015 and April 2021 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 April 2020 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the April 2021 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 5 CRAVENS COTTAGES be worth now?

5 CRAVENS COTTAGES might now be worth an estimated £66,574.

This is based on house price inflation of 26.8%, between April 2021 and July 2025, for terraced 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 26.8% inflationary increase is applied to the most recent sale price for 5 CRAVENS COTTAGES of £52,500 on 9th April 2021. For the value to have increased from £52,500 to £66,574 over the three years and nine months to July 2025, the following assumptions must hold true:

• The value of 5 CRAVENS COTTAGES has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The April 2021 sale price of £52,500 represented a fair market value for the property.
• The size, condition, and specification of 5 CRAVENS COTTAGES has not materially changed since April 2021.

How Large is 5 CRAVENS COTTAGES?

5 CRAVENS COTTAGES is 71m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of terraced houses houses in Station Town, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Station Town, and where 5 CRAVENS COTTAGES lies on this distribution: 9% of terraced houses houses are smaller than 5 CRAVENS COTTAGES, and 84% of houses are larger. Note that EPC data is not available for all properties in Station Town.

5 CRAVENS COTTAGES: Plot and Title Map

5 CRAVENS COTTAGES sits on a plot of roughly 0.022 of an acre, or 90m². The below map shows the location of 5 CRAVENS COTTAGES, 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 5 CRAVENS COTTAGES). 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 5 CRAVENS COTTAGES?

5 CRAVENS COTTAGES is located in STATION TOWN, in the TS28 postcode district. The below map shows the position of No. 5 on CRAVENS COTTAGES.