4, THE FORGE, PITY ME, DURHAM, DH1 5RU - £185,000

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 THE FORGE is a small extended terraced house of 111m², built sometime between 1996 and 2002, which could now be worth an estimated £271,427. It was last sold for £185,000 in February 2016, which was around 139% above the average February 2016 terraced price in the County Durham local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

4 THE FORGE Sold Prices

Land registry data shows two sales for 4 THE FORGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the County Durham local authority area for the corresponding sale date. Both of the two 4 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
2016 19 FEB	£185,000	£77,387	139% above HPI
2001 16 FEB	£66,995	£33,499	100% above HPI

4 THE FORGE 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 two 4 THE FORGE sales from February 2001 and February 2016 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 February 2001 sale was for 100% above the HPI. So the extrapolation line tracks at 100% above the HPI over time, until the February 2016 sale, where it rises to 139% above the HPI. The line then continues to track at 139% above the HPI.

What might 4 THE FORGE be worth now?

4 THE FORGE might now be worth an estimated £271,427.

This is based on house price inflation of 46.7%, between February 2016 and May 2026, 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 46.7% inflationary increase is applied to the most recent sale price for 4 THE FORGE of £185,000 on 19th February 2016. For the value to have increased from £185,000 to £271,427 over the nine years and nine months to May 2026, the following assumptions must hold true:

• The value of 4 THE FORGE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The February 2016 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE FORGE has not materially changed since February 2016.

How Large is 4 THE FORGE?

4 THE FORGE is 111m², which includes three extensions, according to the EPC inspection conducted in November 2019. This puts it in the smallest 40% of terraced houses houses in Durham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Durham, and where 4 THE FORGE lies on this distribution: 31% of terraced houses houses are smaller than 4 THE FORGE, and 68% of houses are larger. Note that EPC data is not available for all properties in Durham.

4 THE FORGE: Plot and Title Map

4 THE FORGE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 4 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 4 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 4 THE FORGE?

4 THE FORGE is located in PITY ME, in the DH1 postcode district. The below map shows the position of No. 4 on THE FORGE.