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

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.

MELROSE is a very large extended detached house of 341m², built sometime between 1983 and 1990, which could now be worth an estimated £964,168. It was last sold for £845,000 in May 2022, which was around 308% 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	£206,975	308% above HPI
2017 28 JUN	£755,000	£170,671	342% 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 342% above the HPI. So the extrapolation line tracks at 342% above the HPI over time, until the May 2022 sale, where it falls to 308% above the HPI. The line then continues to track at 308% above the HPI.

What might MELROSE be worth now?

MELROSE might now be worth an estimated £964,168.

This is based on house price inflation of 14.1%, between May 2022 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 14.1% inflationary increase is applied to the most recent sale price for MELROSE of £845,000 on 20th May 2022. For the value to have increased from £845,000 to £964,168 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of MELROSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The May 2022 sale price of £845,000 represented a fair market value for the property.
• The size, condition, and specification of MELROSE has not materially changed since May 2022.

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 houses in Durham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Durham, and where MELROSE lies on this distribution: 99% of detached houses 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.