1, TYNE CLOSE, GREAT LUMLEY, CHESTER LE STREET, DH3 4DP - £256,000

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 TYNE CLOSE is a very small detached house of 89m². It was last sold for £256,000 in June 2023, which was around 26% above the average June 2023 detached price in the County Durham local authority area. The most recent EPC inspection was December 2019, where the current energy rating was B, and the potential energy rating was A.

1 TYNE CLOSE Sold Prices

Land registry data shows two sales for 1 TYNE CLOSE 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 1 TYNE CLOSE 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
2023 7 JUN	£256,000	£203,624	26% above HPI
2020 16 JAN	£232,995	£166,787	40% above HPI

1 TYNE CLOSE 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 1 TYNE CLOSE sales from January 2020 and June 2023 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 January 2020 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the June 2023 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 1 TYNE CLOSE?

1 TYNE CLOSE is 89m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 20% of detached houses in Great Lumley, based on EPC data. The below chart shows the distribution of detached houses by size in Great Lumley, and where 1 TYNE CLOSE lies on this distribution: 19% of detached houses are smaller than 1 TYNE CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Great Lumley.

1 TYNE CLOSE: Plot and Title Map

1 TYNE CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 1 TYNE CLOSE, 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 TYNE CLOSE). 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 TYNE CLOSE?

1 TYNE CLOSE is located in GREAT LUMLEY, in the DH3 postcode district. The below map shows the position of No. 1 on TYNE CLOSE.