4, LOW ROAD, GAINFORD, DARLINGTON, DL2 3DW - £226,000

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.

4 LOW ROAD is a large extended detached house of 117m², built sometime before 1900, which could now be worth an estimated £312,009. It was last sold for £226,000 in May 2018, which was around 33% above the average May 2018 detached price in the County Durham local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

4 LOW ROAD Sold Prices

Land registry data shows two sales for 4 LOW ROAD 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. Both of the two 4 LOW ROAD 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
2018 8 MAY	£226,000	£169,750	33% above HPI
2013 6 DEC	£166,000	£160,036	4% above HPI

4 LOW ROAD 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 4 LOW ROAD sales from December 2013 and May 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 December 2013 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the May 2018 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 4 LOW ROAD be worth now?

4 LOW ROAD might now be worth an estimated £312,009.

This is based on house price inflation of 38.1%, between May 2018 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 38.1% inflationary increase is applied to the most recent sale price for 4 LOW ROAD of £226,000 on 8th May 2018. For the value to have increased from £226,000 to £312,009 over the eight years to May 2026, the following assumptions must hold true:

• The value of 4 LOW ROAD has moved in line with the HPI for detached houses in the County Durham local authority area.
• The May 2018 sale price of £226,000 represented a fair market value for the property.
• The size, condition, and specification of 4 LOW ROAD has not materially changed since May 2018.

How Large is 4 LOW ROAD?

4 LOW ROAD is 117m², which includes three extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 40% of detached houses houses in Gainford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gainford, and where 4 LOW ROAD lies on this distribution: 60% of detached houses houses are smaller than 4 LOW ROAD, and 40% of houses are larger. Note that EPC data is not available for all properties in Gainford.

4 LOW ROAD: Plot and Title Map

4 LOW ROAD sits on a plot of roughly 0.025 of an acre, or 103m². The below map shows the location of 4 LOW ROAD, 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 4 LOW ROAD). 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 4 LOW ROAD?

4 LOW ROAD is located in GAINFORD, in the DL2 postcode district. The below map shows the position of No. 4 on LOW ROAD.