MOORFIELD, DURHAM ROAD, WINGATE, TS28 5HS - £265,000

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.

MOORFIELD is a very large extended detached house of 193m², built sometime between 1950 and 1966, which could now be worth an estimated £366,253. It was last sold for £265,000 in February 2020, which was around 55% above the average February 2020 detached price in the County Durham local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was B.

MOORFIELD Sold Prices

Land registry data shows three sales for MOORFIELD 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 MOORFIELD 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
2020 28 FEB	£265,000	£170,875	55% above HPI
2016 4 NOV	£190,000	£167,664	13% above HPI
2000 25 SEP	£120,000	£84,693	42% above HPI

MOORFIELD 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 MOORFIELD sales between September 2000 and February 2020 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 November 2016 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the February 2020 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

What might MOORFIELD be worth now?

MOORFIELD might now be worth an estimated £366,253.

This is based on house price inflation of 38.2%, between February 2020 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 38.2% inflationary increase is applied to the most recent sale price for MOORFIELD of £265,000 on 28th February 2020. For the value to have increased from £265,000 to £366,253 over the five years to February 2025, the following assumptions must hold true:

• The value of MOORFIELD has moved in line with the HPI for detached houses in the County Durham local authority area.
• The February 2020 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of MOORFIELD has not materially changed since February 2020.

How Large is MOORFIELD?

MOORFIELD is 193m², which includes two extensions, according to the EPC inspection conducted in August 2012. This puts it in the largest 10% of detached houses houses in Wingate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wingate, and where MOORFIELD lies on this distribution: 98% of detached houses houses are smaller than MOORFIELD, and 2% of houses are larger. Note that EPC data is not available for all properties in Wingate.

MOORFIELD: Plot and Title Map

MOORFIELD sits on a plot of roughly 0.131 of an acre, or 529m². The below map shows the location of MOORFIELD, 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 MOORFIELD). 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 MOORFIELD?

MOORFIELD is located on DURHAM ROAD in WINGATE, in the TS28 postcode district. The below map shows the position of MOORFIELD on DURHAM ROAD.