16, CRAIGOWAN WALK, NEWFIELD, CHESTER LE STREET, DH2 2FA - £175,000

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.

16 CRAIGOWAN WALK is a very small detached house of 89m², built in 2018, which could now be worth an estimated £235,272. It was last sold for £175,000 in May 2019, which was about the average May 2019 detached price in the County Durham local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

16 CRAIGOWAN WALK Sold Prices

Land registry data shows two sales for 16 CRAIGOWAN WALK 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 16 CRAIGOWAN WALK sales was roughly equal to 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
2019 31 MAY	£175,000	£174,316	Close to HPI
2015 29 MAY	£160,000	£163,043	2% below HPI

16 CRAIGOWAN WALK 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 16 CRAIGOWAN WALK sales from May 2015 and May 2019 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 2015 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2019 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 16 CRAIGOWAN WALK be worth now?

16 CRAIGOWAN WALK might now be worth an estimated £235,272.

This is based on house price inflation of 34.4%, between May 2019 and May 2026, 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 34.4% inflationary increase is applied to the most recent sale price for 16 CRAIGOWAN WALK of £175,000 on 31st May 2019. For the value to have increased from £175,000 to £235,272 over the seven years to May 2026, the following assumptions must hold true:

• The value of 16 CRAIGOWAN WALK has moved in line with the HPI for detached houses in the County Durham local authority area.
• The May 2019 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 16 CRAIGOWAN WALK has not materially changed since May 2019.

How Large is 16 CRAIGOWAN WALK?

16 CRAIGOWAN WALK is 89m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of detached houses houses in Newfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newfield, and where 16 CRAIGOWAN WALK lies on this distribution: 19% of detached houses houses are smaller than 16 CRAIGOWAN WALK, and 59% of houses are larger. Note that EPC data is not available for all properties in Newfield.

16 CRAIGOWAN WALK: Plot and Title Map

16 CRAIGOWAN WALK sits on a plot of roughly 90.4 acres, or 366,020m². The below map shows the location of 16 CRAIGOWAN WALK, 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 16 CRAIGOWAN WALK). 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 16 CRAIGOWAN WALK?

16 CRAIGOWAN WALK is located in NEWFIELD, in the DH2 postcode district. The below map shows the position of No. 16 on CRAIGOWAN WALK.