MELITA HOUSE, HOLYOAKE STREET, PELTON, CHESTER LE STREET, DH2 1NU - £153,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MELITA HOUSE is a very large extended detached house of 143m², built sometime between 1930 and 1949, which could now be worth an estimated £207,410. It was last sold for £153,000 in November 2019, which was around 12% below the average November 2019 detached price in the County Durham local authority area. The most recent EPC inspection was January 2010, where the current energy rating was E, and the potential energy rating was C.

MELITA HOUSE Sold Prices

Land registry data shows three sales for MELITA HOUSE 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. All of the three MELITA HOUSE sales were for below 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
2019 29 NOV	£153,000	£174,211	12% below HPI
2010 12 APR	£124,950	£174,705	28% below HPI
2007 31 JAN	£168,000	£187,732	11% below HPI

MELITA HOUSE 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 MELITA HOUSE sales between January 2007 and November 2019 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 April 2010 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2019 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might MELITA HOUSE be worth now?

MELITA HOUSE might now be worth an estimated £207,410.

This is based on house price inflation of 35.6%, between November 2019 and February 2025, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.6% inflationary increase is applied to the most recent sale price for MELITA HOUSE of £153,000 on 29th November 2019. For the value to have increased from £153,000 to £207,410 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of MELITA HOUSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The November 2019 sale price of £153,000 represented a fair market value for the property.
• The size, condition, and specification of MELITA HOUSE has not materially changed since November 2019.

How Large is MELITA HOUSE?

MELITA HOUSE is 143m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the largest 10% of detached houses houses in Pelton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pelton, and where MELITA HOUSE lies on this distribution: 93% of detached houses houses are smaller than MELITA HOUSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Pelton.

MELITA HOUSE: Plot and Title Map

MELITA HOUSE sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of MELITA HOUSE, 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 MELITA HOUSE). 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 MELITA HOUSE?

MELITA HOUSE is located on HOLYOAKE STREET in PELTON, in the DH2 postcode district. The below map shows the position of MELITA HOUSE on HOLYOAKE STREET.