DERWENT HOUSE, WOOD STREET, SHOTLEY BRIDGE, CONSETT, DH8 0JE - £375,000

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.

DERWENT HOUSE is a very large extended detached house of 207m², built sometime between 2003 and 2006, which could now be worth an estimated £531,272. It was last sold for £375,000 in September 2015, which was around 125% above the average September 2015 detached price in the County Durham local authority area. The most recent EPC inspection was October 2011, where the current energy rating was C, and the potential energy rating was C.

DERWENT HOUSE Sold Prices

Land registry data shows three sales for DERWENT HOUSE 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 DERWENT HOUSE 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
2015 18 SEP	£375,000	£166,697	125% above HPI
2007 4 MAY	£435,000	£188,648	131% above HPI
2004 30 JAN	£150,000	£130,605	15% above HPI

DERWENT HOUSE 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 DERWENT HOUSE sales between January 2004 and September 2015 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 May 2007 sale was for 131% above the HPI. So the extrapolation line tracks at 131% above the HPI over time, until the September 2015 sale, where it falls to 125% above the HPI. The line then continues to track at 125% above the HPI.

What might DERWENT HOUSE be worth now?

DERWENT HOUSE might now be worth an estimated £531,272.

This is based on house price inflation of 41.7%, between September 2015 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 41.7% inflationary increase is applied to the most recent sale price for DERWENT HOUSE of £375,000 on 18th September 2015. For the value to have increased from £375,000 to £531,272 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of DERWENT HOUSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The September 2015 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of DERWENT HOUSE has not materially changed since September 2015.

How Large is DERWENT HOUSE?

DERWENT HOUSE is 207m², which includes two extensions, according to the EPC inspection conducted in October 2011. This puts it in the largest 10% of detached houses houses in Consett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Consett, and where DERWENT HOUSE lies on this distribution: 98% of detached houses houses are smaller than DERWENT HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Consett.

DERWENT HOUSE: Plot and Title Map

DERWENT HOUSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of DERWENT HOUSE, 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 DERWENT HOUSE). 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 DERWENT HOUSE?

DERWENT HOUSE is located on WOOD STREET in SHOTLEY BRIDGE, in the DH8 postcode district. The below map shows the position of DERWENT HOUSE on WOOD STREET.