3, RECTORY LANE, WOLSINGHAM, BISHOP AUCKLAND, DL13 3AJ - £57,500

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.

3 RECTORY LANE is a very small terraced house of 75m², built sometime before 1900, which could now be worth an estimated £79,989. It was last sold for £57,500 in August 2018, which was around 29% below the average August 2018 terraced price in the County Durham local authority area. The most recent EPC inspection was May 2018, where the current energy rating was F, and the potential energy rating was B.

3 RECTORY LANE Sold Prices

Land registry data shows three sales for 3 RECTORY LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the County Durham local authority area for the corresponding sale date. Two of the three 3 RECTORY LANE sales were for below the average price, whilst one was 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
2018 13 AUG	£57,500	£81,331	29% below HPI
2006 8 SEP	£185,000	£91,091	103% above HPI
2001 21 SEP	£30,000	£36,050	17% below HPI

3 RECTORY LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the County Durham local authority area over time, sourced from the HPI. The three 3 RECTORY LANE sales between September 2001 and August 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 September 2006 sale was for 103% above the HPI. So the extrapolation line tracks at 103% above the HPI over time, until the August 2018 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 3 RECTORY LANE be worth now?

3 RECTORY LANE might now be worth an estimated £79,989.

This is based on house price inflation of 39.1%, between August 2018 and August 2025, for terraced 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 39.1% inflationary increase is applied to the most recent sale price for 3 RECTORY LANE of £57,500 on 13th August 2018. For the value to have increased from £57,500 to £79,989 over the seven years to August 2025, the following assumptions must hold true:

• The value of 3 RECTORY LANE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The August 2018 sale price of £57,500 represented a fair market value for the property.
• The size, condition, and specification of 3 RECTORY LANE has not materially changed since August 2018.

How Large is 3 RECTORY LANE?

3 RECTORY LANE is 75m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of terraced houses houses in Wolsingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wolsingham, and where 3 RECTORY LANE lies on this distribution: 6% of terraced houses houses are smaller than 3 RECTORY LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Wolsingham.

3 RECTORY LANE: Plot and Title Map

3 RECTORY LANE sits on a plot of roughly 0.010 of an acre, or 40m². The below map shows the location of 3 RECTORY LANE, 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 3 RECTORY LANE). 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 3 RECTORY LANE?

3 RECTORY LANE is located in WOLSINGHAM, in the DL13 postcode district. The below map shows the position of No. 3 on RECTORY LANE.