31, RICHARDSON WAY, CONSETT, DH8 5YF - £138,000

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.

31 RICHARDSON WAY is a very small terraced house of 74m², which could now be worth an estimated £148,579. It was last sold for £138,000 in February 2023, which was around 34% above the average February 2023 terraced price in the County Durham local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was A.

31 RICHARDSON WAY Sold Prices

Land registry data shows four sales for 31 RICHARDSON WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the County Durham local authority area for the corresponding sale date. All of the four 31 RICHARDSON WAY 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
2023 15 FEB	£138,000	£102,736	34% above HPI
2021 3 SEP	£127,000	£97,892	30% above HPI
2020 11 SEP	£112,000	£81,634	37% above HPI
2017 10 FEB	£109,995	£77,977	41% above HPI

31 RICHARDSON WAY 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 four 31 RICHARDSON WAY sales between February 2017 and February 2023 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 2021 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the February 2023 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 31 RICHARDSON WAY be worth now?

31 RICHARDSON WAY might now be worth an estimated £148,579.

This is based on house price inflation of 7.7%, between February 2023 and June 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 7.7% inflationary increase is applied to the most recent sale price for 31 RICHARDSON WAY of £138,000 on 15th February 2023. For the value to have increased from £138,000 to £148,579 over the one year and eight months to June 2025, the following assumptions must hold true:

• The value of 31 RICHARDSON WAY has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The February 2023 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of 31 RICHARDSON WAY has not materially changed since February 2023.

How Large is 31 RICHARDSON WAY?

31 RICHARDSON WAY is 74m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of terraced houses houses in Consett, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Consett, and where 31 RICHARDSON WAY lies on this distribution: 5% of terraced houses houses are smaller than 31 RICHARDSON WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Consett.

31 RICHARDSON WAY: Plot and Title Map

31 RICHARDSON WAY sits on a plot of roughly 6.6 acres, or 26,744m². The below map shows the location of 31 RICHARDSON WAY, 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 31 RICHARDSON WAY). 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 31 RICHARDSON WAY?

31 RICHARDSON WAY is located in CONSETT, in the DH8 postcode district. The below map shows the position of No. 31 on RICHARDSON WAY.