MELROSE, THE VILLAS, THORNLEY, DURHAM, DH6 3EW - £65,000

MELROSE is a large extended detached house of 110m², built sometime between 1950 and 1966. It was last sold for £65,000 in June 2014, which was around 59% below the average June 2014 detached price in the County Durham local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

MELROSE Sold Prices

Land registry data shows two sales for MELROSE 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 MELROSE sales were for below 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
2014 6 JUN	£65,000	£158,143	59% below HPI
1997 27 MAY	£56,500	£68,205	17% below HPI

MELROSE 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 MELROSE sales from May 1997 and June 2014 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 May 1997 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2014 sale, where it falls to 59% below the HPI. The line then continues to track at 59% below the HPI.

How Large is MELROSE?

MELROSE is 110m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the largest 40% of detached houses in Thornley, based on EPC data. The below chart shows the distribution of detached houses by size in Thornley, and where MELROSE lies on this distribution: 61% of detached houses are smaller than MELROSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Thornley.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of MELROSE, 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 MELROSE). 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 MELROSE?

MELROSE is located on THE VILLAS in THORNLEY, in the DH6 postcode district. The below map shows the position of MELROSE on THE VILLAS.