8, THE PASTURES, LANCHESTER, DURHAM, DH7 0BT - £1,250,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 THE PASTURES is a very large detached house of 416m², built in 2020. It was last sold for £1,250,000 in June 2022, which was around 515% above the average June 2022 detached price in the County Durham local authority area. The most recent EPC inspection was June 2021, where the current energy rating was B, and the potential energy rating was B.

8 THE PASTURES Sold Prices

Land registry data shows two sales for 8 THE PASTURES 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 PASTURES 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
2022 30 JUN	£1,250,000	£203,387	515% above HPI
2020 9 JUL	£192,000	£168,756	14% above HPI

8 THE PASTURES 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 PASTURES sales from July 2020 and June 2022 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 July 2020 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the June 2022 sale, where it rises to 515% above the HPI. The line then continues to track at 515% above the HPI.

How Large is 8 THE PASTURES?

8 THE PASTURES is 416m² according to the EPC inspection conducted in June 2021. This puts it in the largest 10% of detached houses in Lanchester, based on EPC data. The below chart shows the distribution of detached houses by size in Lanchester, and where 8 THE PASTURES lies on this distribution: 99% of detached houses are smaller than 8 THE PASTURES, and 1% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

8 THE PASTURES: Plot and Title Map

8 THE PASTURES sits on a plot of roughly 2.7 acres, or 10,859m². The below map shows the location of 8 THE PASTURES, 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 PASTURES). 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 PASTURES?

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