THE HERMITAGE, THE SPITAL, YARM, TS15 9ER - £975,000

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

THE HERMITAGE is a very large extended detached house of 223m², built sometime between 1930 and 1949. It was last sold for £975,000 in September 2023, which was around 274% above the average September 2023 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was November 2022, where the current energy rating was E, and the potential energy rating was D.

THE HERMITAGE Sold Prices

Land registry data shows two sales for THE HERMITAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stockton-on-Tees local authority area for the corresponding sale date. Both of the two THE HERMITAGE 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
2023 19 SEP	£975,000	£260,382	274% above HPI
2011 12 MAY	£495,000	£197,217	151% above HPI

THE HERMITAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The two THE HERMITAGE sales from May 2011 and September 2023 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 May 2011 sale was for 151% above the HPI. So the extrapolation line tracks at 151% above the HPI over time, until the September 2023 sale, where it rises to 274% above the HPI. The line then continues to track at 274% above the HPI.

How Large is THE HERMITAGE?

THE HERMITAGE is 223m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the largest 10% of detached houses in Yarm, based on EPC data. The below chart shows the distribution of detached houses by size in Yarm, and where THE HERMITAGE lies on this distribution: 96% of detached houses are smaller than THE HERMITAGE, and 4% of houses are larger. Note that EPC data is not available for all properties in Yarm.

THE HERMITAGE: Plot and Title Map

THE HERMITAGE sits on a plot of roughly 0.633 of an acre, or 2,562m². The below map shows the location of THE HERMITAGE, 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 HERMITAGE). 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 HERMITAGE?

THE HERMITAGE is located on THE SPITAL in YARM, in the TS15 postcode district. The below map shows the position of THE HERMITAGE on THE SPITAL.