12, THE DRIVE, CONSETT, DH8 0DL - £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

12 THE DRIVE is a very small detached house of 80m², built sometime between 1950 and 1966. It was last sold for £275,000 in May 2019, which was around 62% above the average May 2019 detached price in the County Durham local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

12 THE DRIVE Sold Prices

Land registry data shows two sales for 12 THE DRIVE 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. One of the two 12 THE DRIVE sales was for above the average price, whilst the other was for below 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
2019 31 MAY	£275,000	£169,577	62% above HPI
2016 22 AUG	£120,000	£166,172	28% below HPI

12 THE 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 two 12 THE DRIVE sales from August 2016 and May 2019 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 August 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2019 sale, where it rises to 62% above the HPI. The line then continues to track at 62% above the HPI.

How Large is 12 THE DRIVE?

12 THE DRIVE is 80m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% of detached houses in Consett, based on EPC data. The below chart shows the distribution of detached houses by size in Consett, and where 12 THE DRIVE lies on this distribution: 10% of detached houses are smaller than 12 THE DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Consett.

12 THE DRIVE: Plot and Title Map

12 THE DRIVE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 12 THE 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 12 THE 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 12 THE DRIVE?

12 THE DRIVE is located in CONSETT, in the DH8 postcode district. The below map shows the position of No. 12 on THE DRIVE.