8, MELGROVE WAY, SEDGEFIELD, STOCKTON-ON-TEES, TS21 2JN - £205,000

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

8 MELGROVE WAY is a very small extended detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £294,593. It was last sold for £205,000 in January 2013, which was around 26% above the average January 2013 detached price in the County Durham local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

8 MELGROVE WAY Sold Prices

Land registry data shows two sales for 8 MELGROVE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Both of the two 8 MELGROVE WAY 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
2013 15 JAN	£205,000	£163,239	26% above HPI
2003 16 JUN	£125,000	£115,811	8% above HPI

8 MELGROVE WAY 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 two 8 MELGROVE WAY sales from June 2003 and January 2013 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 June 2003 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2013 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 8 MELGROVE WAY be worth now?

8 MELGROVE WAY might now be worth an estimated £294,593.

This is based on house price inflation of 43.7%, between January 2013 and December 2024, 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 43.7% inflationary increase is applied to the most recent sale price for 8 MELGROVE WAY of £205,000 on 15th January 2013. For the value to have increased from £205,000 to £294,593 over the ten years and one month to December 2024, the following assumptions must hold true:

• The value of 8 MELGROVE WAY has moved in line with the HPI for detached houses in the County Durham local authority area.
• The January 2013 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MELGROVE WAY has not materially changed since January 2013.

How Large is 8 MELGROVE WAY?

8 MELGROVE WAY is 99m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the smallest 20% of detached houses houses in Sedgefield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sedgefield, and where 8 MELGROVE WAY lies on this distribution: 15% of detached houses houses are smaller than 8 MELGROVE WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Sedgefield.

8 MELGROVE WAY: Plot and Title Map

8 MELGROVE WAY sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 8 MELGROVE WAY, 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 8 MELGROVE WAY). 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 8 MELGROVE WAY?

8 MELGROVE WAY is located in SEDGEFIELD, in the TS21 postcode district. The below map shows the position of No. 8 on MELGROVE WAY.