BRAESIDE, FORD ROAD, LANCHESTER, DURHAM, DH7 0SH - £595,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

BRAESIDE is a very large extended detached house of 218m², built sometime between 1930 and 1949. It was last sold for £595,000 in August 2022, which was around 182% above the average August 2022 detached price in the County Durham local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

BRAESIDE Sold Prices

Land registry data shows two sales for BRAESIDE 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 BRAESIDE 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 19 AUG	£595,000	£210,766	182% above HPI
2016 26 JUL	£270,000	£163,495	65% above HPI

BRAESIDE 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 BRAESIDE sales from July 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 July 2016 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the August 2022 sale, where it rises to 182% above the HPI. The line then continues to track at 182% above the HPI.

How Large is BRAESIDE?

BRAESIDE is 218m², which includes one extension, according to the EPC inspection conducted in April 2022. 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 BRAESIDE lies on this distribution: 96% of detached houses are smaller than BRAESIDE, and 4% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

BRAESIDE: Plot and Title Map

BRAESIDE sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of BRAESIDE, 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 BRAESIDE). 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 BRAESIDE?

BRAESIDE is located on FORD ROAD in LANCHESTER, in the DH7 postcode district. The below map shows the position of BRAESIDE on FORD ROAD.