9, LUKE TERRACE, WHEATLEY HILL, DURHAM, DH6 3RX - £132,000

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.

9 LUKE TERRACE is a very small detached house of 75m², which could now be worth an estimated £143,885. It was last sold for £132,000 in August 2022, which was around 39% below the average August 2022 detached price in the County Durham local authority area. The most recent EPC inspection was February 2016, where the current energy rating was B, and the potential energy rating was A.

9 LUKE TERRACE Sold Prices

Land registry data shows three sales for 9 LUKE TERRACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 9 LUKE TERRACE 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
2022 12 AUG	£132,000	£216,656	39% below HPI
2020 18 DEC	£124,000	£186,646	34% below HPI
2016 18 FEB	£101,645	£164,642	38% below HPI

9 LUKE TERRACE 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 three 9 LUKE TERRACE sales between February 2016 and August 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 December 2020 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2022 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 9 LUKE TERRACE be worth now?

9 LUKE TERRACE might now be worth an estimated £143,885.

This is based on house price inflation of 9%, between August 2022 and February 2025, 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 9% inflationary increase is applied to the most recent sale price for 9 LUKE TERRACE of £132,000 on 12th August 2022. For the value to have increased from £132,000 to £143,885 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 9 LUKE TERRACE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2022 sale price of £132,000 represented a fair market value for the property.
• The size, condition, and specification of 9 LUKE TERRACE has not materially changed since August 2022.

How Large is 9 LUKE TERRACE?

9 LUKE TERRACE is 75m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of detached houses houses in Wheatley Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wheatley Hill, and where 9 LUKE TERRACE lies on this distribution: 15% of detached houses houses are smaller than 9 LUKE TERRACE, and 79% of houses are larger. Note that EPC data is not available for all properties in Wheatley Hill.

9 LUKE TERRACE: Plot and Title Map

9 LUKE TERRACE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 9 LUKE TERRACE, 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 9 LUKE TERRACE). 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 9 LUKE TERRACE?

9 LUKE TERRACE is located in WHEATLEY HILL, in the DH6 postcode district. The below map shows the position of No. 9 on LUKE TERRACE.