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

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

MERRIGALE is a very large extended detached house of 209m², built sometime between 1950 and 1966. It was last sold for £301,000 in December 2018, which was around 77% 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	£170,136	77% above HPI
2017 24 MAR	£263,500	£160,722	64% 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 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the December 2018 sale, where it rises to 77% above the HPI. The line then continues to track at 77% above the HPI.

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 in Easington, based on EPC data. The below chart shows the distribution of detached houses by size in Easington, and where MERRIGALE lies on this distribution: 96% of detached 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.