MERRIGALE, STOCKTON ROAD, EASINGTON, PETERLEE, SR8 3AZ - £301,000

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.

MERRIGALE is a very large extended detached house of 209m², built sometime between 1950 and 1966, which could now be worth an estimated £406,455. It was last sold for £301,000 in December 2018, which was around 72% above the average December 2018 detached price in the County Durham local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

MERRIGALE Sold Prices

Land registry data shows two sales for MERRIGALE 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 MERRIGALE 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
2018 7 DEC	£301,000	£174,891	72% above HPI
2017 24 MAR	£263,500	£165,214	59% above HPI

MERRIGALE 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 MERRIGALE sales from March 2017 and December 2018 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 March 2017 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the December 2018 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might MERRIGALE be worth now?

MERRIGALE might now be worth an estimated £406,455.

This is based on house price inflation of 35%, between December 2018 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% inflationary increase is applied to the most recent sale price for MERRIGALE of £301,000 on 7th December 2018. For the value to have increased from £301,000 to £406,455 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of MERRIGALE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The December 2018 sale price of £301,000 represented a fair market value for the property.
• The size, condition, and specification of MERRIGALE has not materially changed since December 2018.

How Large is MERRIGALE?

MERRIGALE is 209m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 10% of detached houses houses in Easington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Easington, and where MERRIGALE lies on this distribution: 96% of detached houses houses are smaller than MERRIGALE, and 4% of houses are larger. Note that EPC data is not available for all properties in Easington.

MERRIGALE: Plot and Title Map

MERRIGALE sits on a plot of roughly 0.157 of an acre, or 635m². The below map shows the location of MERRIGALE, 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 MERRIGALE). 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 MERRIGALE?

MERRIGALE is located on STOCKTON ROAD in EASINGTON, in the SR8 postcode district. The below map shows the position of MERRIGALE on STOCKTON ROAD.