12, EXETER CLOSE, GREAT LUMLEY, CHESTER LE STREET, DH3 4LJ - £248,000

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

12 EXETER CLOSE is a large extended detached house of 138m², built sometime between 1967 and 1975. It was last sold for £248,000 in August 2017, which was around 41% above the average August 2017 detached price in the County Durham local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

12 EXETER CLOSE Sold Prices

Land registry data shows three sales for 12 EXETER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 12 EXETER 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
2017 24 AUG	£248,000	£176,144	41% above HPI
2015 31 MAR	£198,000	£158,237	25% above HPI
2001 31 AUG	£94,900	£86,914	9% above HPI

12 EXETER 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 three 12 EXETER CLOSE sales between August 2001 and August 2017 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 March 2015 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2017 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 12 EXETER CLOSE be worth now?

12 EXETER CLOSE might now be worth an estimated £330,276.

This is based on house price inflation of 33.2%, between August 2017 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 33.2% inflationary increase is applied to the most recent sale price for 12 EXETER CLOSE of £248,000 on 24th August 2017. For the value to have increased from £248,000 to £330,276 over the six years and eight months to December 2024, the following assumptions must hold true:

• The value of 12 EXETER CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2017 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 12 EXETER CLOSE has not materially changed since August 2017.

How Large is 12 EXETER CLOSE?

12 EXETER CLOSE is 138m², which includes two extensions, according to the EPC inspection conducted in February 2010. This puts it in the largest 30% 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 12 EXETER CLOSE lies on this distribution: 76% of detached houses houses are smaller than 12 EXETER CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Great Lumley.

12 EXETER CLOSE: Plot and Title Map

12 EXETER CLOSE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 12 EXETER 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 12 EXETER 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 12 EXETER CLOSE?

12 EXETER CLOSE is located in GREAT LUMLEY, in the DH3 postcode district. The below map shows the position of No. 12 on EXETER CLOSE.