VILLAGE FARM, THE VILLAGE, MURTON, SEAHAM, SR7 9RP - £350,000

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

VILLAGE FARM is a large detached house of 134m², built sometime before 1900. It was last sold for £350,000 in October 2018, which was around 102% above the average October 2018 detached price in the County Durham local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was B.

VILLAGE FARM Sold Prices

Land registry data shows two sales for VILLAGE FARM 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. One of the two VILLAGE FARM sales was for above the average price, whilst the other was 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
2018 30 OCT	£350,000	£172,861	102% above HPI
2017 23 MAR	£100,000	£160,722	38% below HPI

VILLAGE FARM 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 VILLAGE FARM sales from March 2017 and October 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 March 2017 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the October 2018 sale, where it rises to 102% above the HPI. The line then continues to track at 102% above the HPI.

How Large is VILLAGE FARM?

VILLAGE FARM is 134m² according to the EPC inspection conducted in August 2023. This puts it in the largest 30% of detached houses in Murton, based on EPC data. The below chart shows the distribution of detached houses by size in Murton, and where VILLAGE FARM lies on this distribution: 73% of detached houses are smaller than VILLAGE FARM, and 25% of houses are larger. Note that EPC data is not available for all properties in Murton.

VILLAGE FARM: Plot and Title Map

VILLAGE FARM sits on a plot of roughly 0.143 of an acre, or 580m². The below map shows the location of VILLAGE FARM, 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 VILLAGE FARM). 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 VILLAGE FARM?

VILLAGE FARM is located on THE VILLAGE in MURTON, in the SR7 postcode district. The below map shows the position of VILLAGE FARM on THE VILLAGE.