FAIRHOLME, LAX TERRACE, WOLVISTON, BILLINGHAM, TS22 5LE - £177,500

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.

FAIRHOLME is a very small semi-detached house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £232,110. It was last sold for £177,500 in June 2018, which was around 41% above the average June 2018 semi-detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was November 2010, where the current energy rating was E, and the potential energy rating was D.

FAIRHOLME Sold Prices

Land registry data shows three sales for FAIRHOLME since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the three FAIRHOLME 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 27 JUN	£177,500	£125,635	41% above HPI
2002 25 JAN	£76,000	£51,677	47% above HPI
1997 8 DEC	£63,250	£42,960	47% above HPI

FAIRHOLME Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The three FAIRHOLME sales between December 1997 and June 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 January 2002 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the June 2018 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might FAIRHOLME be worth now?

FAIRHOLME might now be worth an estimated £232,110.

This is based on house price inflation of 30.8%, between June 2018 and June 2025, for semi-detached houses, in the Stockton-on-Tees local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.8% inflationary increase is applied to the most recent sale price for FAIRHOLME of £177,500 on 27th June 2018. For the value to have increased from £177,500 to £232,110 over the seven years to June 2025, the following assumptions must hold true:

• The value of FAIRHOLME has moved in line with the HPI for semi-detached houses in the Stockton-on-Tees local authority area.
• The June 2018 sale price of £177,500 represented a fair market value for the property.
• The size, condition, and specification of FAIRHOLME has not materially changed since June 2018.

How Large is FAIRHOLME?

FAIRHOLME is 85m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 10% of semi-detached houses houses in Wolviston, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wolviston, and where FAIRHOLME lies on this distribution: Less than 1% of semi-detached houses houses are smaller than FAIRHOLME, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Wolviston.

FAIRHOLME: Plot and Title Map

FAIRHOLME sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of FAIRHOLME, 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 FAIRHOLME). 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 FAIRHOLME?

FAIRHOLME is located on LAX TERRACE in WOLVISTON, in the TS22 postcode district. The below map shows the position of FAIRHOLME on LAX TERRACE.