24, THE FORGE, PITY ME, DURHAM, DH1 5RU - £125,000

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.

24 THE FORGE is a very small semi-detached house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £189,227. It was last sold for £125,000 in March 2015, which was around 37% above the average March 2015 semi-detached price in the County Durham local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

24 THE FORGE Sold Prices

Land registry data shows five sales for 24 THE FORGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. All of the five 24 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
2015 19 MAR	£125,000	£91,151	37% above HPI
2014 28 NOV	£140,000	£91,385	53% above HPI
2005 17 NOV	£135,000	£103,532	30% above HPI
2002 17 MAY	£70,000	£49,023	43% above HPI
2001 16 MAR	£63,995	£42,870	49% above HPI

24 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 five 24 THE FORGE sales between March 2001 and March 2015 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 November 2014 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the March 2015 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 24 THE FORGE be worth now?

24 THE FORGE might now be worth an estimated £189,227.

This is based on house price inflation of 51.4%, between March 2015 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 51.4% inflationary increase is applied to the most recent sale price for 24 THE FORGE of £125,000 on 19th March 2015. For the value to have increased from £125,000 to £189,227 over the ten years and ten months to May 2026, the following assumptions must hold true:

• The value of 24 THE FORGE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The March 2015 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 24 THE FORGE has not materially changed since March 2015.

How Large is 24 THE FORGE?

24 THE FORGE is 74m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% 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 24 THE FORGE lies on this distribution: 4% of semi-detached houses houses are smaller than 24 THE FORGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Durham.

24 THE FORGE: Plot and Title Map

24 THE FORGE sits on a plot of roughly 0.035 of an acre, or 143m². The below map shows the location of 24 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 24 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 24 THE FORGE?

24 THE FORGE is located in PITY ME, in the DH1 postcode district. The below map shows the position of No. 24 on THE FORGE.