BANCROFT, SACRISTON LANE, WITTON GILBERT, DURHAM, DH7 6TF - £417,000

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.

BANCROFT is a very large extended detached house of 181m², built sometime between 1950 and 1966, which could now be worth an estimated £448,374. It was last sold for £417,000 in September 2022, which was around 90% above the average September 2022 detached price in the County Durham local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

BANCROFT Sold Prices

Land registry data shows two sales for BANCROFT 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 BANCROFT 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 15 SEP	£417,000	£219,639	90% above HPI
2008 13 MAR	£240,000	£192,234	25% above HPI

BANCROFT 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 BANCROFT sales from March 2008 and September 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 March 2008 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the September 2022 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

What might BANCROFT be worth now?

BANCROFT might now be worth an estimated £448,374.

This is based on house price inflation of 7.5%, between September 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 7.5% inflationary increase is applied to the most recent sale price for BANCROFT of £417,000 on 15th September 2022. For the value to have increased from £417,000 to £448,374 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of BANCROFT has moved in line with the HPI for detached houses in the County Durham local authority area.
• The September 2022 sale price of £417,000 represented a fair market value for the property.
• The size, condition, and specification of BANCROFT has not materially changed since September 2022.

How Large is BANCROFT?

BANCROFT is 181m², which includes four extensions, according to the EPC inspection conducted in March 2014. This puts it in the largest 10% of detached houses houses in Witton Gilbert, based on EPC data. The below chart shows the distribution of detached houses houses by size in Witton Gilbert, and where BANCROFT lies on this distribution: 91% of detached houses houses are smaller than BANCROFT, and 9% of houses are larger. Note that EPC data is not available for all properties in Witton Gilbert.

BANCROFT: Plot and Title Map

BANCROFT sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of BANCROFT, 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 BANCROFT). 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 BANCROFT?

BANCROFT is located on SACRISTON LANE in WITTON GILBERT, in the DH7 postcode district. The below map shows the position of BANCROFT on SACRISTON LANE.