8, THE PADDOCK, LANCHESTER, DURHAM, DH7 0HW - £530,000

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 THE PADDOCK is a very large extended detached house of 204m², built sometime between 1967 and 1975, which could now be worth an estimated £689,053. It was last sold for £530,000 in October 2020, which was around 194% above the average October 2020 detached price in the County Durham local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

8 THE PADDOCK Sold Prices

Land registry data shows two sales for 8 THE PADDOCK 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 THE PADDOCK 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
2020 9 OCT	£530,000	£180,433	194% above HPI
2002 27 AUG	£216,000	£97,638	121% above HPI

8 THE PADDOCK 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 THE PADDOCK sales from August 2002 and October 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 August 2002 sale was for 121% above the HPI. So the extrapolation line tracks at 121% above the HPI over time, until the October 2020 sale, where it rises to 194% above the HPI. The line then continues to track at 194% above the HPI.

What might 8 THE PADDOCK be worth now?

8 THE PADDOCK might now be worth an estimated £689,053.

This is based on house price inflation of 30%, between October 2020 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 30% inflationary increase is applied to the most recent sale price for 8 THE PADDOCK of £530,000 on 9th October 2020. For the value to have increased from £530,000 to £689,053 over the three years and ten months to December 2024, the following assumptions must hold true:

• The value of 8 THE PADDOCK has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2020 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE PADDOCK has not materially changed since October 2020.

How Large is 8 THE PADDOCK?

8 THE PADDOCK is 204m², which includes three extensions, according to the EPC inspection conducted in June 2018. This puts it in the largest 10% of detached houses houses in Lanchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanchester, and where 8 THE PADDOCK lies on this distribution: 94% of detached houses houses are smaller than 8 THE PADDOCK, and 6% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

8 THE PADDOCK: Plot and Title Map

8 THE PADDOCK sits on a plot of roughly 0.454 of an acre, or 1,836m². The below map shows the location of 8 THE PADDOCK, 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 THE PADDOCK). 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 THE PADDOCK?

8 THE PADDOCK is located in LANCHESTER, in the DH7 postcode district. The below map shows the position of No. 8 on THE PADDOCK.