5, RICHMOND DRIVE, WOODSTONE VILLAGE, HOUGHTON LE SPRING, DH4 6TX - £215,000

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.

5 RICHMOND DRIVE is a very small detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £321,133. It was last sold for £215,000 in November 2014, which was around 36% above the average November 2014 detached price in the County Durham local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

5 RICHMOND DRIVE Sold Prices

Land registry data shows three sales for 5 RICHMOND DRIVE 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 5 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
2014 28 NOV	£215,000	£158,113	36% above HPI
2005 18 FEB	£203,000	£166,051	22% above HPI
2001 30 MAR	£100,500	£80,843	24% above HPI

5 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 three 5 RICHMOND DRIVE sales between March 2001 and November 2014 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 February 2005 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the November 2014 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 5 RICHMOND DRIVE be worth now?

5 RICHMOND DRIVE might now be worth an estimated £321,133.

This is based on house price inflation of 49.4%, between November 2014 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 49.4% inflationary increase is applied to the most recent sale price for 5 RICHMOND DRIVE of £215,000 on 28th November 2014. For the value to have increased from £215,000 to £321,133 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 RICHMOND DRIVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The November 2014 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RICHMOND DRIVE has not materially changed since November 2014.

How Large is 5 RICHMOND DRIVE?

5 RICHMOND DRIVE is 97m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 20% 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 5 RICHMOND DRIVE lies on this distribution: 19% of detached houses houses are smaller than 5 RICHMOND DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Woodstone Village.

5 RICHMOND DRIVE: Plot and Title Map

5 RICHMOND DRIVE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 5 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 5 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 5 RICHMOND DRIVE?

5 RICHMOND DRIVE is located in WOODSTONE VILLAGE, in the DH4 postcode district. The below map shows the position of No. 5 on RICHMOND DRIVE.