15, BALMORAL DRIVE, PETERLEE, SR8 1QP - £160,000

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

15 BALMORAL DRIVE is a midsized detached house of 99m², built sometime between 1996 and 2002. It was last sold for £160,000 in February 2012, which was around 2% below the average February 2012 detached price in the County Durham local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

15 BALMORAL DRIVE Sold Prices

Land registry data shows two sales for 15 BALMORAL 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 15 BALMORAL DRIVE sales was for below the average price, whilst the other was 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
2012 10 FEB	£160,000	£164,007	2% below HPI
2001 5 OCT	£90,950	£89,462	2% above HPI

15 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 two 15 BALMORAL DRIVE sales from October 2001 and February 2012 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 2001 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the February 2012 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 15 BALMORAL DRIVE be worth now?

15 BALMORAL DRIVE might now be worth an estimated £228,850.

This is based on house price inflation of 43%, between February 2012 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 43% inflationary increase is applied to the most recent sale price for 15 BALMORAL DRIVE of £160,000 on 10th February 2012. For the value to have increased from £160,000 to £228,850 over the eleven years and two months to December 2024, the following assumptions must hold true:

• The value of 15 BALMORAL DRIVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The February 2012 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 15 BALMORAL DRIVE has not materially changed since February 2012.

How Large is 15 BALMORAL DRIVE?

15 BALMORAL DRIVE is 99m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 50% of detached houses houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterlee, and where 15 BALMORAL DRIVE lies on this distribution: 45% of detached houses houses are smaller than 15 BALMORAL DRIVE, and 55% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

15 BALMORAL DRIVE: Plot and Title Map

15 BALMORAL DRIVE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 15 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 15 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 15 BALMORAL DRIVE?

15 BALMORAL DRIVE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 15 on BALMORAL DRIVE.