REDFERNS, HALL WALK, PETERLEE, SR8 3BS - £265,000

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

REDFERNS is a very large detached house of 142m², built sometime between 1991 and 1995. It was last sold for £265,000 in January 2024, which was around 28% above the average January 2024 detached price in the County Durham local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

REDFERNS Sold Prices

Land registry data shows two sales for REDFERNS 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 REDFERNS 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
2024 5 JAN	£265,000	£206,627	28% above HPI
2001 12 APR	£120,000	£79,325	51% above HPI

REDFERNS 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 REDFERNS sales from April 2001 and January 2024 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 April 2001 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the January 2024 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is REDFERNS?

REDFERNS is 142m² according to the EPC inspection conducted in July 2023. This puts it in the largest 20% of detached houses in Easington, based on EPC data. The below chart shows the distribution of detached houses by size in Easington, and where REDFERNS lies on this distribution: 88% of detached houses are smaller than REDFERNS, and 11% of houses are larger. Note that EPC data is not available for all properties in Easington.

REDFERNS: Plot and Title Map

REDFERNS sits on a plot of roughly 0.150 of an acre, or 605m². The below map shows the location of REDFERNS, 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 REDFERNS). 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 REDFERNS?

REDFERNS is located on HALL WALK in PETERLEE, in the SR8 postcode district. The below map shows the position of REDFERNS on HALL WALK.