MARZION, PEARSON STREET, STANLEY, DH9 8RQ - £190,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MARZION is a large detached house of 114m², built sometime between 1950 and 1966. It was last sold for £190,000 in January 2021, which was around 3% above the average January 2021 detached price in the County Durham local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

MARZION Sold Prices

Land registry data shows five sales for MARZION since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Most of the five MARZION 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
2021 19 JAN	£190,000	£184,130	3% above HPI
2016 5 SEP	£180,000	£166,538	8% above HPI
2003 30 MAY	£115,000	£110,608	4% above HPI
2001 27 APR	£59,000	£79,325	26% below HPI
2000 30 NOV	£160,000	£79,895	100% above HPI

MARZION 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 five MARZION sales between November 2000 and January 2021 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 2016 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2021 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is MARZION?

MARZION is 114m² according to the EPC inspection conducted in March 2016. This puts it in the largest 30% of detached houses in Stanley, based on EPC data. The below chart shows the distribution of detached houses by size in Stanley, and where MARZION lies on this distribution: 70% of detached houses are smaller than MARZION, and 29% of houses are larger. Note that EPC data is not available for all properties in Stanley.

MARZION: Plot and Title Map

MARZION sits on a plot of roughly 0.170 of an acre, or 688m². The below map shows the location of MARZION, 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 MARZION). 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 MARZION?

MARZION is located on PEARSON STREET in STANLEY, in the DH9 postcode district. The below map shows the position of MARZION on PEARSON STREET.