15, MOUNT PARK DRIVE, LANCHESTER, DURHAM, DH7 0PQ - £175,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 MOUNT PARK DRIVE is a very small extended detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £243,457. It was last sold for £175,000 in March 2020, which was around 3% above the average March 2020 detached price in the County Durham local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

15 MOUNT PARK DRIVE Sold Prices

Land registry data shows three sales for 15 MOUNT PARK DRIVE 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. One of the three 15 MOUNT PARK DRIVE sales was for above the average price, whilst two were 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
2020 24 MAR	£175,000	£169,758	3% above HPI
1998 30 JUN	£52,750	£73,736	28% below HPI
1995 19 OCT	£57,250	£66,621	14% below HPI

15 MOUNT PARK 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 three 15 MOUNT PARK DRIVE sales between October 1995 and March 2020 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 June 1998 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 2020 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 15 MOUNT PARK DRIVE be worth now?

15 MOUNT PARK DRIVE might now be worth an estimated £243,457.

This is based on house price inflation of 39.1%, between March 2020 and February 2025, 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 39.1% inflationary increase is applied to the most recent sale price for 15 MOUNT PARK DRIVE of £175,000 on 24th March 2020. For the value to have increased from £175,000 to £243,457 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of 15 MOUNT PARK DRIVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The March 2020 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MOUNT PARK DRIVE has not materially changed since March 2020.

How Large is 15 MOUNT PARK DRIVE?

15 MOUNT PARK DRIVE is 75m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of detached houses houses in Lanchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanchester, and where 15 MOUNT PARK DRIVE lies on this distribution: 9% of detached houses houses are smaller than 15 MOUNT PARK DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

15 MOUNT PARK DRIVE: Plot and Title Map

15 MOUNT PARK DRIVE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 15 MOUNT PARK 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 MOUNT PARK 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 MOUNT PARK DRIVE?

15 MOUNT PARK DRIVE is located in LANCHESTER, in the DH7 postcode district. The below map shows the position of No. 15 on MOUNT PARK DRIVE.