MELROSE, POTTERS BANK, DURHAM, DH1 3RR - £845,000

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

MELROSE is a very large extended detached house of 341m², built sometime between 1983 and 1990. It was last sold for £845,000 in May 2022, which was around 320% above the average May 2022 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 D.

MELROSE Sold Prices

Land registry data shows two sales for MELROSE 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 MELROSE 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
2022 20 MAY	£845,000	£201,348	320% above HPI
2017 28 JUN	£755,000	£166,031	355% above HPI

MELROSE 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 MELROSE sales from June 2017 and May 2022 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 2017 sale was for 355% above the HPI. So the extrapolation line tracks at 355% above the HPI over time, until the May 2022 sale, where it falls to 320% above the HPI. The line then continues to track at 320% above the HPI.

How Large is MELROSE?

MELROSE is 341m², which includes three extensions, according to the EPC inspection conducted in March 2016. This puts it in the largest 10% of detached houses in Durham, based on EPC data. The below chart shows the distribution of detached houses by size in Durham, and where MELROSE lies on this distribution: 99% of detached houses are smaller than MELROSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Durham.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.146 of an acre, or 591m². The below map shows the location of MELROSE, 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 MELROSE). 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 MELROSE?

MELROSE is located on POTTERS BANK in DURHAM, in the DH1 postcode district. The below map shows the position of MELROSE on POTTERS BANK.