THE BUNGALOW, GRANBY TERRACE, WINGATE, TS28 5HZ - £115,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE BUNGALOW is a small detached house of 87m², built sometime between 2003 and 2006. It was last sold for £115,000 in June 2014, which was around 27% below the average June 2014 detached price in the County Durham local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

THE BUNGALOW Sold Prices

Land registry data shows two sales for THE BUNGALOW 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 THE BUNGALOW sales were for below 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
2014 27 JUN	£115,000	£158,143	27% below HPI
2003 24 OCT	£95,000	£122,313	22% below HPI

THE BUNGALOW 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 THE BUNGALOW sales from October 2003 and June 2014 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 October 2003 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2014 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is THE BUNGALOW?

THE BUNGALOW is 87m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 30% of detached houses in Wingate, based on EPC data. The below chart shows the distribution of detached houses by size in Wingate, and where THE BUNGALOW lies on this distribution: 23% of detached houses are smaller than THE BUNGALOW, and 76% of houses are larger. Note that EPC data is not available for all properties in Wingate.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of THE BUNGALOW, 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 THE BUNGALOW). 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 THE BUNGALOW?

THE BUNGALOW is located on GRANBY TERRACE in WINGATE, in the TS28 postcode district. The below map shows the position of THE BUNGALOW on GRANBY TERRACE.