WESTBANK, PARLIAMENT STREET, CONSETT, DH8 5DH - £300,000

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.

WESTBANK is a very large extended detached house of 309m², built sometime before 1900, which could now be worth an estimated £430,820. It was last sold for £300,000 in May 2012, which was around 82% above the average May 2012 detached price in the County Durham local authority area. The most recent EPC inspection was April 2012, where the current energy rating was F, and the potential energy rating was D.

WESTBANK Sold Prices

Land registry data shows three sales for WESTBANK 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 WESTBANK 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
2012 10 MAY	£300,000	£164,452	82% above HPI
2002 23 SEP	£249,000	£99,118	151% above HPI
1999 1 NOV	£170,000	£79,213	115% above HPI

WESTBANK 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 WESTBANK sales between November 1999 and May 2012 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 2002 sale was for 151% above the HPI. So the extrapolation line tracks at 151% above the HPI over time, until the May 2012 sale, where it falls to 82% above the HPI. The line then continues to track at 82% above the HPI.

What might WESTBANK be worth now?

WESTBANK might now be worth an estimated £430,820.

This is based on house price inflation of 43.6%, between May 2012 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 43.6% inflationary increase is applied to the most recent sale price for WESTBANK of £300,000 on 10th May 2012. For the value to have increased from £300,000 to £430,820 over the thirteen years and three months to February 2025, the following assumptions must hold true:

• The value of WESTBANK has moved in line with the HPI for detached houses in the County Durham local authority area.
• The May 2012 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of WESTBANK has not materially changed since May 2012.

How Large is WESTBANK?

WESTBANK is 309m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the largest 10% of detached houses houses in Consett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Consett, and where WESTBANK lies on this distribution: More than 99% of detached houses houses are smaller than WESTBANK, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Consett.

WESTBANK: Plot and Title Map

WESTBANK sits on a plot of roughly 0.418 of an acre, or 1,691m². The below map shows the location of WESTBANK, 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 WESTBANK). 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 WESTBANK?

WESTBANK is located on PARLIAMENT STREET in CONSETT, in the DH8 postcode district. The below map shows the position of WESTBANK on PARLIAMENT STREET.