1, THE LANE, WEST CORNFORTH, FERRYHILL, DL17 9LB - £110,000

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.

1 THE LANE is a very small detached house of 81m², built sometime between 2007 and 2011, which could now be worth an estimated £150,312. It was last sold for £110,000 in August 2009, which was around 36% below the average August 2009 detached price in the County Durham local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

1 THE LANE Sold Prices

Land registry data shows one sale for 1 THE LANE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the County Durham local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2009 24 AUG	£110,000	£171,501	36% below HPI

What might 1 THE LANE be worth now?

1 THE LANE might now be worth an estimated £150,312.

This is based on house price inflation of 36.6%, between August 2009 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 36.6% inflationary increase is applied to the most recent sale price for 1 THE LANE of £110,000 on 24th August 2009. For the value to have increased from £110,000 to £150,312 over the seventeen years and three months to May 2026, the following assumptions must hold true:

• The value of 1 THE LANE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2009 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE LANE has not materially changed since August 2009.

How Large is 1 THE LANE?

1 THE LANE is 81m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% of detached houses in Cornforth, based on EPC data. The below chart shows the distribution of detached houses by size in Cornforth, and where 1 THE LANE lies on this distribution: 9% of detached houses are smaller than 1 THE LANE, and 91% of detached houses are larger. Note that EPC data is not available for all properties in Cornforth.

1 THE LANE: Plot

1 THE LANE sits on a plot of roughly 0.055 of an acre, or 222m².

Where is 1 THE LANE?

1 THE LANE is located in WEST CORNFORTH, in the DL17 postcode district.