5, LAX TERRACE, WOLVISTON, BILLINGHAM, TS22 5LE - £170,000

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

5 LAX TERRACE is a very small semi-detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £232,046. It was last sold for £170,000 in September 2012, which was around 45% above the average September 2012 semi-detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was B.

5 LAX TERRACE Sold Prices

Land registry data shows three sales for 5 LAX TERRACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the three 5 LAX TERRACE 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
2012 21 SEP	£170,000	£116,879	45% above HPI
1998 24 JUL	£60,000	£43,601	38% above HPI
1996 25 APR	£64,000	£41,958	53% above HPI

5 LAX TERRACE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The three 5 LAX TERRACE sales between April 1996 and September 2012 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 1998 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the September 2012 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 5 LAX TERRACE be worth now?

5 LAX TERRACE might now be worth an estimated £232,046.

This is based on house price inflation of 36.5%, between September 2012 and December 2024, for semi-detached houses, in the Stockton-on-Tees local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.5% inflationary increase is applied to the most recent sale price for 5 LAX TERRACE of £170,000 on 21st September 2012. For the value to have increased from £170,000 to £232,046 over the eleven years and nine months to December 2024, the following assumptions must hold true:

• The value of 5 LAX TERRACE has moved in line with the HPI for semi-detached houses in the Stockton-on-Tees local authority area.
• The September 2012 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LAX TERRACE has not materially changed since September 2012.

How Large is 5 LAX TERRACE?

5 LAX TERRACE is 84m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of semi-detached houses houses in Wolviston, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wolviston, and where 5 LAX TERRACE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 5 LAX TERRACE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Wolviston.

5 LAX TERRACE: Plot and Title Map

5 LAX TERRACE sits on a plot of roughly 0.031 of an acre, or 127m². The below map shows the location of 5 LAX TERRACE, 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 LAX TERRACE). 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 LAX TERRACE?

5 LAX TERRACE is located in WOLVISTON, in the TS22 postcode district. The below map shows the position of No. 5 on LAX TERRACE.