THE STABLES, RED HOUSE FARM, PITY ME, DURHAM, DH1 5RZ - £385,000

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 STABLES is a large extended detached house of 165m², built sometime between 2003 and 2006. It was last sold for £385,000 in May 2018, which was around 133% above the average May 2018 detached price in the County Durham local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

THE STABLES Sold Prices

Land registry data shows three sales for THE STABLES 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 STABLES 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
2018 25 MAY	£385,000	£165,135	133% above HPI
2009 17 JUL	£450,000	£164,886	173% above HPI
2004 15 OCT	£410,011	£157,634	160% above HPI

THE STABLES 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 STABLES sales between October 2004 and May 2018 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 July 2009 sale was for 173% above the HPI. So the extrapolation line tracks at 173% above the HPI over time, until the May 2018 sale, where it falls to 133% above the HPI. The line then continues to track at 133% above the HPI.

How Large is THE STABLES?

THE STABLES is 165m², which includes two extensions, according to the EPC inspection conducted in October 2008. This puts it in the largest 30% of detached houses in Durham, based on EPC data. The below chart shows the distribution of detached houses by size in Durham, and where THE STABLES lies on this distribution: 74% of detached houses are smaller than THE STABLES, and 26% of houses are larger. Note that EPC data is not available for all properties in Durham.

THE STABLES: Plot and Title Map

THE STABLES sits on a plot of roughly 0.882 of an acre, or 3,569m². The below map shows the location of THE STABLES, 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 STABLES). 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 STABLES?

THE STABLES, RED HOUSE FARM is located in PITY ME, in the DH1 postcode district. The below map shows the position of THE STABLES, RED HOUSE FARM in PITY ME.