21, THE FORGE, PITY ME, DURHAM, DH1 5RU - £159,950

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.

21 THE FORGE is a very small semi-detached house of 86m², built sometime between 1996 and 2002, which could now be worth an estimated £234,724. It was last sold for £159,950 in May 2017, which was around 70% above the average May 2017 semi-detached price in the County Durham local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

21 THE FORGE Sold Prices

Land registry data shows four sales for 21 THE FORGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. All of the four 21 THE FORGE 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
2017 5 MAY	£159,950	£94,029	70% above HPI
2012 5 OCT	£140,000	£96,725	45% above HPI
2003 16 JUN	£104,000	£62,770	66% above HPI
2001 29 MAR	£66,995	£42,870	56% above HPI

21 THE FORGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The four 21 THE FORGE sales between March 2001 and May 2017 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 October 2012 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the May 2017 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might 21 THE FORGE be worth now?

21 THE FORGE might now be worth an estimated £234,724.

This is based on house price inflation of 46.7%, between May 2017 and May 2026, for semi-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 46.7% inflationary increase is applied to the most recent sale price for 21 THE FORGE of £159,950 on 5th May 2017. For the value to have increased from £159,950 to £234,724 over the nine years to May 2026, the following assumptions must hold true:

• The value of 21 THE FORGE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The May 2017 sale price of £159,950 represented a fair market value for the property.
• The size, condition, and specification of 21 THE FORGE has not materially changed since May 2017.

How Large is 21 THE FORGE?

21 THE FORGE is 86m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of semi-detached houses houses in Durham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Durham, and where 21 THE FORGE lies on this distribution: 11% of semi-detached houses houses are smaller than 21 THE FORGE, and 88% of houses are larger. Note that EPC data is not available for all properties in Durham.

21 THE FORGE: Plot and Title Map

21 THE FORGE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 21 THE FORGE, 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 21 THE FORGE). 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 21 THE FORGE?

21 THE FORGE is located in PITY ME, in the DH1 postcode district. The below map shows the position of No. 21 on THE FORGE.