HYCROFT, BENRIDGE BANK, WEST RAINTON, HOUGHTON LE SPRING, DH4 6NN - £360,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

HYCROFT is a midsized detached house of 135m², built sometime between 1967 and 1975. It was last sold for £360,000 in November 2013, which was around 131% above the average November 2013 detached price in the County Durham local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

HYCROFT Sold Prices

Land registry data shows two sales for HYCROFT 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 HYCROFT 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
2013 22 NOV	£360,000	£155,892	131% above HPI
2006 24 JUL	£340,000	£179,892	89% above HPI

HYCROFT 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 HYCROFT sales from July 2006 and November 2013 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 2006 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the November 2013 sale, where it rises to 131% above the HPI. The line then continues to track at 131% above the HPI.

How Large is HYCROFT?

HYCROFT is 135m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 50% of detached houses in West Rainton, based on EPC data. The below chart shows the distribution of detached houses by size in West Rainton, and where HYCROFT lies on this distribution: 47% of detached houses are smaller than HYCROFT, and 52% of houses are larger. Note that EPC data is not available for all properties in West Rainton.

HYCROFT: Plot and Title Map

HYCROFT sits on a plot of roughly 1.0 acres, or 4,242m². The below map shows the location of HYCROFT, 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 HYCROFT). 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 HYCROFT?

HYCROFT is located on BENRIDGE BANK in WEST RAINTON, in the DH4 postcode district. The below map shows the position of HYCROFT on BENRIDGE BANK.