1, BALMORAL DRIVE, PETERLEE, SR8 1QP - £275,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 BALMORAL DRIVE is a large extended detached house of 132m², built sometime between 1996 and 2002. It was last sold for £275,000 in June 2021, which was around 42% above the average June 2021 detached price in the County Durham local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

1 BALMORAL DRIVE Sold Prices

Land registry data shows four sales for 1 BALMORAL DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the four 1 BALMORAL DRIVE 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
2021 30 JUN	£275,000	£193,890	42% above HPI
2006 20 OCT	£245,000	£182,933	34% above HPI
2005 13 MAY	£230,000	£165,322	39% above HPI
2000 31 MAR	£109,000	£77,973	40% above HPI

1 BALMORAL DRIVE 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 four 1 BALMORAL DRIVE sales between March 2000 and June 2021 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 October 2006 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the June 2021 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is 1 BALMORAL DRIVE?

1 BALMORAL DRIVE is 132m², which includes three extensions, according to the EPC inspection conducted in June 2021. This puts it in the largest 30% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 1 BALMORAL DRIVE lies on this distribution: 78% of detached houses are smaller than 1 BALMORAL DRIVE, and 22% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

1 BALMORAL DRIVE: Plot and Title Map

1 BALMORAL DRIVE sits on a plot of roughly 0.146 of an acre, or 589m². The below map shows the location of 1 BALMORAL DRIVE, 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 1 BALMORAL DRIVE). 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 1 BALMORAL DRIVE?

1 BALMORAL DRIVE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 1 on BALMORAL DRIVE.