GROVE VILLA, IRONWORKS ROAD, TOW LAW, BISHOP AUCKLAND, DL13 4AJ - £220,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

GROVE VILLA is a very large extended detached house of 212m², built sometime before 1900. It was last sold for £220,000 in March 2015, which was around 43% above the average March 2015 detached price in the County Durham local authority area. The most recent EPC inspection was August 2014, where the current energy rating was F, and the potential energy rating was C.

GROVE VILLA Sold Prices

Land registry data shows two sales for GROVE VILLA 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 GROVE VILLA 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 10 MAR	£220,000	£153,935	43% above HPI
2007 25 JUN	£295,000	£183,739	61% above HPI

GROVE VILLA 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 GROVE VILLA sales from June 2007 and March 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 June 2007 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the March 2015 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is GROVE VILLA?

GROVE VILLA is 212m², which includes four extensions, according to the EPC inspection conducted in August 2014. This puts it in the largest 10% of detached houses in Tow Law, based on EPC data. The below chart shows the distribution of detached houses by size in Tow Law, and where GROVE VILLA lies on this distribution: 96% of detached houses are smaller than GROVE VILLA, and 4% of houses are larger. Note that EPC data is not available for all properties in Tow Law.

GROVE VILLA: Plot and Title Map

GROVE VILLA sits on a plot of roughly 0.224 of an acre, or 907m². The below map shows the location of GROVE VILLA, 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 GROVE VILLA). 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 GROVE VILLA?

GROVE VILLA is located on IRONWORKS ROAD in TOW LAW, in the DL13 postcode district. The below map shows the position of GROVE VILLA on IRONWORKS ROAD.