BROOM LODGE, CLEVELAND VIEW, FERRYHILL, DL17 0SW - £280,000

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.

BROOM LODGE is a very large detached house of 189m², built sometime between 1976 and 1982, which could now be worth an estimated £389,716. It was last sold for £280,000 in June 2020, which was around 65% above the average June 2020 detached price in the County Durham local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was C.

BROOM LODGE Sold Prices

Land registry data shows two sales for BROOM LODGE 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 BROOM LODGE 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 30 JUN	£280,000	£169,677	65% above HPI
1995 28 SEP	£168,000	£67,275	150% above HPI

BROOM LODGE 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 BROOM LODGE sales from September 1995 and June 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 September 1995 sale was for 150% above the HPI. So the extrapolation line tracks at 150% above the HPI over time, until the June 2020 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might BROOM LODGE be worth now?

BROOM LODGE might now be worth an estimated £389,716.

This is based on house price inflation of 39.2%, between June 2020 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 39.2% inflationary increase is applied to the most recent sale price for BROOM LODGE of £280,000 on 30th June 2020. For the value to have increased from £280,000 to £389,716 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of BROOM LODGE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The June 2020 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of BROOM LODGE has not materially changed since June 2020.

How Large is BROOM LODGE?

BROOM LODGE is 189m² according to the EPC inspection conducted in November 2019. This puts it in the largest 10% of detached houses houses in Ferryhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ferryhill, and where BROOM LODGE lies on this distribution: 96% of detached houses houses are smaller than BROOM LODGE, and 3% of houses are larger. Note that EPC data is not available for all properties in Ferryhill.

BROOM LODGE: Plot and Title Map

BROOM LODGE sits on a plot of roughly 0.811 of an acre, or 3,283m². The below map shows the location of BROOM LODGE, 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 BROOM LODGE). 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 BROOM LODGE?

BROOM LODGE is located on CLEVELAND VIEW in FERRYHILL, in the DL17 postcode district. The below map shows the position of BROOM LODGE on CLEVELAND VIEW.