7, LANCHESTER AVENUE, BILLINGHAM, TS23 2TD - £147,500

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.

7 LANCHESTER AVENUE is a very small detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £184,652. It was last sold for £147,500 in February 2020, which was around 32% below the average February 2020 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

7 LANCHESTER AVENUE Sold Prices

Land registry data shows three sales for 7 LANCHESTER AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the three 7 LANCHESTER AVENUE 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
2020 19 FEB	£147,500	£215,541	32% below HPI
2006 29 SEP	£143,000	£212,643	33% below HPI
2002 28 MAR	£75,000	£101,253	26% below HPI

7 LANCHESTER AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The three 7 LANCHESTER AVENUE sales between March 2002 and February 2020 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 September 2006 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2020 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 7 LANCHESTER AVENUE be worth now?

7 LANCHESTER AVENUE might now be worth an estimated £184,652.

This is based on house price inflation of 25.2%, between February 2020 and February 2025, for 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 25.2% inflationary increase is applied to the most recent sale price for 7 LANCHESTER AVENUE of £147,500 on 19th February 2020. For the value to have increased from £147,500 to £184,652 over the five years to February 2025, the following assumptions must hold true:

• The value of 7 LANCHESTER AVENUE has moved in line with the HPI for detached houses in the Stockton-on-Tees local authority area.
• The February 2020 sale price of £147,500 represented a fair market value for the property.
• The size, condition, and specification of 7 LANCHESTER AVENUE has not materially changed since February 2020.

How Large is 7 LANCHESTER AVENUE?

7 LANCHESTER AVENUE is 74m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 20% of detached houses houses in Billingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billingham, and where 7 LANCHESTER AVENUE lies on this distribution: 13% of detached houses houses are smaller than 7 LANCHESTER AVENUE, and 86% of houses are larger. Note that EPC data is not available for all properties in Billingham.

7 LANCHESTER AVENUE: Plot and Title Map

7 LANCHESTER AVENUE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 7 LANCHESTER AVENUE, 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 7 LANCHESTER AVENUE). 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 7 LANCHESTER AVENUE?

7 LANCHESTER AVENUE is located in BILLINGHAM, in the TS23 postcode district. The below map shows the position of No. 7 on LANCHESTER AVENUE.