DOUBLEGAIT, PINFOLD LANE, BUTTERKNOWLE, BISHOP AUCKLAND, DL13 5PX - £125,000

Based on the April 2024 Price Paid Data (released on 30 May 2024), the March 2024 House Price Index (released on 22 May 2024), and the April 2024 Energy Performance of Buildings Data (released on 21 May 2024). Sources

DOUBLEGAIT is a small extended detached house of 86m², built sometime before 1900. It was last sold for £125,000 in February 2023, which was around 41% below the average February 2023 detached price in the County Durham local authority area. The most recent EPC inspection was October 2020, where the current energy rating was F, and the potential energy rating was B.

DOUBLEGAIT Sold Prices

Land registry data shows three sales for DOUBLEGAIT 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. Two of the three DOUBLEGAIT sales were for below the average price, whilst one was 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
2023 28 FEB	£125,000	£212,503	41% below HPI
2005 2 FEB	£180,000	£161,537	11% above HPI
2000 26 MAY	£65,000	£78,420	17% below HPI

DOUBLEGAIT 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 DOUBLEGAIT sales between May 2000 and February 2023 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 February 2005 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the February 2023 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is DOUBLEGAIT?

DOUBLEGAIT is 86m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of detached houses in Butterknowle, based on EPC data. The below chart shows the distribution of detached houses by size in Butterknowle, and where DOUBLEGAIT lies on this distribution: 20% of detached houses are smaller than DOUBLEGAIT, and 80% of houses are larger. Note that EPC data is not available for all properties in Butterknowle.

DOUBLEGAIT: Plot and Title Map

DOUBLEGAIT sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of DOUBLEGAIT, 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 DOUBLEGAIT). 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 DOUBLEGAIT?

DOUBLEGAIT is located on PINFOLD LANE in BUTTERKNOWLE, in the DL13 postcode district. The below map shows the position of DOUBLEGAIT on PINFOLD LANE.