7, BISHOPS MEADOW, LANCHESTER, DURHAM, DH7 0PU - £355,000

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.

7 BISHOPS MEADOW is a detached house, which could now be worth an estimated £427,801. It was last sold for £355,000 in April 2008, which was around 83% above the average April 2008 detached price in the County Durham local authority area.

7 BISHOPS MEADOW Sold Prices

Land registry data shows two sales for 7 BISHOPS MEADOW 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 7 BISHOPS MEADOW 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
2008 24 APR	£355,000	£194,471	83% above HPI
2003 29 JUL	£295,000	£118,143	150% above HPI

What might 7 BISHOPS MEADOW be worth now?

7 BISHOPS MEADOW might now be worth an estimated £427,801.

This is based on house price inflation of 20.5%, between April 2008 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 20.5% inflationary increase is applied to the most recent sale price for 7 BISHOPS MEADOW of £355,000 on 24th April 2008. For the value to have increased from £355,000 to £427,801 over the seventeen years and eleven months to May 2026, the following assumptions must hold true:

• The value of 7 BISHOPS MEADOW has moved in line with the HPI for detached houses in the County Durham local authority area.
• The April 2008 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BISHOPS MEADOW has not materially changed since April 2008.

Where is 7 BISHOPS MEADOW?

7 BISHOPS MEADOW is located in LANCHESTER, in the DH7 postcode district.