LANNET, FOLLY VIEW, BUTTERKNOWLE, BISHOP AUCKLAND, DL13 5QB - £380,000

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.

LANNET is a large detached house of 164m², built sometime between 2003 and 2006, which could now be worth an estimated £402,327. It was last sold for £380,000 in December 2022, which was around 70% above the average December 2022 detached price in the County Durham local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was C.

LANNET Sold Prices

Land registry data shows two sales for LANNET 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 LANNET 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
2022 8 DEC	£380,000	£223,058	70% above HPI
2021 25 JUN	£295,000	£199,308	48% above HPI

LANNET 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 LANNET sales from June 2021 and December 2022 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 June 2021 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the December 2022 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might LANNET be worth now?

LANNET might now be worth an estimated £402,327.

This is based on house price inflation of 5.9%, between December 2022 and February 2025, 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 5.9% inflationary increase is applied to the most recent sale price for LANNET of £380,000 on 8th December 2022. For the value to have increased from £380,000 to £402,327 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of LANNET has moved in line with the HPI for detached houses in the County Durham local authority area.
• The December 2022 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of LANNET has not materially changed since December 2022.

How Large is LANNET?

LANNET is 164m² according to the EPC inspection conducted in November 2019. This puts it in the largest 30% of detached houses houses in Butterknowle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Butterknowle, and where LANNET lies on this distribution: 71% of detached houses houses are smaller than LANNET, and 29% of houses are larger. Note that EPC data is not available for all properties in Butterknowle.

LANNET: Plot and Title Map

LANNET sits on a plot of roughly 0.259 of an acre, or 1,048m². The below map shows the location of LANNET, 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 LANNET). 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 LANNET?

LANNET is located on FOLLY VIEW in BUTTERKNOWLE, in the DL13 postcode district. The below map shows the position of LANNET on FOLLY VIEW.