THE PADDOCK, THE DENE, WEST RAINTON, HOUGHTON LE SPRING, DH4 6PR - £395,000

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.

THE PADDOCK is a large extended detached house of 154m², built sometime between 1976 and 1982, which could now be worth an estimated £506,542. It was last sold for £395,000 in November 2020, which was around 114% above the average November 2020 detached price in the County Durham local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

THE PADDOCK Sold Prices

Land registry data shows three sales for THE PADDOCK 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 THE PADDOCK 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 30 NOV	£395,000	£184,160	114% above HPI
2007 12 SEP	£340,000	£197,773	72% above HPI
2001 30 NOV	£145,000	£89,290	62% above HPI

THE PADDOCK 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 THE PADDOCK sales between November 2001 and November 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 September 2007 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the November 2020 sale, where it rises to 114% above the HPI. The line then continues to track at 114% above the HPI.

What might THE PADDOCK be worth now?

THE PADDOCK might now be worth an estimated £506,542.

This is based on house price inflation of 28.2%, between November 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 28.2% inflationary increase is applied to the most recent sale price for THE PADDOCK of £395,000 on 30th November 2020. For the value to have increased from £395,000 to £506,542 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of THE PADDOCK has moved in line with the HPI for detached houses in the County Durham local authority area.
• The November 2020 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of THE PADDOCK has not materially changed since November 2020.

How Large is THE PADDOCK?

THE PADDOCK is 154m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 40% of detached houses houses in West Rainton, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Rainton, and where THE PADDOCK lies on this distribution: 65% of detached houses houses are smaller than THE PADDOCK, and 35% of houses are larger. Note that EPC data is not available for all properties in West Rainton.

THE PADDOCK: Plot and Title Map

THE PADDOCK sits on a plot of roughly 0.237 of an acre, or 961m². The below map shows the location of THE PADDOCK, 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 PADDOCK). 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 PADDOCK?

THE PADDOCK is located on THE DENE in WEST RAINTON, in the DH4 postcode district. The below map shows the position of THE PADDOCK on THE DENE.