1, Prospect Terrace
1, Prospect Terrace
Description & Estimates
1, Prospect Terrace, Durham is recorded publicly as a period freehold house across 1,786 ft2 of internal area, sitting on a 94.7 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 1, Prospect Terrace, Durham is £589,216 and its rental estimate is £1,605 per month, given the available information and assuming reasonable condition.
Prospect Terrace, Shincliffe, Durham, DH1 falls within the DH1 postal district.
Our Data Sources
1, Prospect Terrace, Durham has a single entry in the Land Registry from December 2022 and a single entry in the EPC database dated September 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Prospect Terrace, Durham, we estimate a market value of £618,677 and a rental value of £1,686 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £547,971 and £1,493 per month respectively.
Recent Market Change
Over the last year, 1, Prospect Terrace, Durham has seen its estimated sale value drop by £11,836 (2.0%) and its estimated rental value rise by £32 per month (2.0%). This results in an estimated gross rental yield of 3.3%.
Plot Size
HM Land Registry records the plot of land for 1, Prospect Terrace, Durham as measuring 95 m2.
That makes it the 5th largest plot in the postcode, where all 7 other houses have recorded plot data.
Energy Efficiency
1, Prospect Terrace, Durham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Sep 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 1, Prospect Terrace, Durham completed on 16th December 2022 at £520,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 7.9% over the period since December 2022.
- Sold Dec 2022£520,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Prospect Terrace, Durham have sold within a radius of 1.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th November 2024, was 2 Jubilee Place, High Street North, Durham, DH1 2NJ, a freehold house which sold for £520,000.
Read more about house prices in DH1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 19 addresses on Prospect Terrace, Shincliffe, Durham, DH1, 1, Prospect Terrace, Durham comes out as the 4th largest and the 3rd most expensive in our analysis of the public data.
It is also £334k more expensive than the average property across the DH1 district.
More reading links
Schools Nearby
- 700mShincliffe CofE (Controlled) Primary School
- 1.8kmLaurel Avenue Community Primary School
- 2.0kmSt Oswald's Church of England Aided Primary and Nursery School
- 3.0kmBelmont Community School
- 3.6kmSt Leonard's Catholic School, Durham
- 3.8kmDurham Johnston Comprehensive School
More reading links
Public Transport Nearby
From 1, Prospect Terrace, Durham, the nearest station is Durham, 3.1 kilometres away.
- 3.1kmDurham
- 10.7kmChester-le-Street
- 14.1kmBishop Auckland
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
