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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). 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 22% 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	£209,315	22% above HPI
2020 16 JAN	£232,995	£171,448	36% 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 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the June 2023 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 1 TYNE CLOSE be worth now?

1 TYNE CLOSE might now be worth an estimated £286,901.

This is based on house price inflation of 12.1%, between June 2023 and December 2024, 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 12.1% inflationary increase is applied to the most recent sale price for 1 TYNE CLOSE of £256,000 on 7th June 2023. For the value to have increased from £256,000 to £286,901 over the six months to December 2024, the following assumptions must hold true:

• The value of 1 TYNE CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The June 2023 sale price of £256,000 represented a fair market value for the property.
• The size, condition, and specification of 1 TYNE CLOSE has not materially changed since June 2023.

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 houses in Great Lumley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Lumley, and where 1 TYNE CLOSE lies on this distribution: 18% of detached houses 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.