7, THE FORGE, PITY ME, DURHAM, DH1 5RU - £160,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 THE FORGE is a very small semi-detached house of 73m², built sometime between 1996 and 2002. It was last sold for £160,000 in September 2019, which was around 7% below the average September 2019 detached price in the County Durham local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

7 THE FORGE Sold Prices

Land registry data shows five sales for 7 THE FORGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Most of the five 7 THE FORGE 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
2019 12 SEP	£160,000	£172,053	7% below HPI
2011 30 MAR	£149,000	£160,844	7% below HPI
2010 18 AUG	£140,000	£173,863	19% below HPI
2004 14 MAY	£151,000	£137,556	10% above HPI
2001 30 MAR	£69,995	£78,645	11% below HPI

7 THE FORGE 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 five 7 THE FORGE sales between March 2001 and September 2019 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 March 2011 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2019 sale, which was also at 7% below the HPI.

How Large is 7 THE FORGE?

7 THE FORGE is 73m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 10% of detached houses in Durham, based on EPC data. The below chart shows the distribution of detached houses by size in Durham, and where 7 THE FORGE lies on this distribution: 4% of detached houses are smaller than 7 THE FORGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Durham.

7 THE FORGE: Plot and Title Map

7 THE FORGE sits on a plot of roughly 0.042 of an acre, or 171m². The below map shows the location of 7 THE FORGE, 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 THE FORGE). 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 THE FORGE?

7 THE FORGE is located in PITY ME, in the DH1 postcode district. The below map shows the position of No. 7 on THE FORGE.