MEADOWSTONE, PIT HOUSE LANE, LEAMSIDE, HOUGHTON LE SPRING, DH4 6QR - £425,000

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

MEADOWSTONE is a very large extended detached house of 188m², built sometime between 1976 and 1982. It was last sold for £425,000 in November 2023, which was around 102% above the average November 2023 detached price in the County Durham local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

MEADOWSTONE Sold Prices

Land registry data shows two sales for MEADOWSTONE 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 MEADOWSTONE 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
2023 17 NOV	£425,000	£209,977	102% above HPI
2002 30 AUG	£163,000	£94,984	72% above HPI

MEADOWSTONE 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 MEADOWSTONE sales from August 2002 and November 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 August 2002 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the November 2023 sale, where it rises to 102% above the HPI. The line then continues to track at 102% above the HPI.

How Large is MEADOWSTONE?

MEADOWSTONE is 188m², which includes two extensions, according to the EPC inspection conducted in February 2023. This puts it in the largest 20% 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 MEADOWSTONE lies on this distribution: 83% of detached houses are smaller than MEADOWSTONE, and 17% of houses are larger. Note that EPC data is not available for all properties in West Rainton.

MEADOWSTONE: Plot and Title Map

MEADOWSTONE sits on a plot of roughly 0.145 of an acre, or 589m². The below map shows the location of MEADOWSTONE, 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 MEADOWSTONE). 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 MEADOWSTONE?

MEADOWSTONE is located on PIT HOUSE LANE in LEAMSIDE, in the DH4 postcode district. The below map shows the position of MEADOWSTONE on PIT HOUSE LANE.