15, TYNE CLOSE, GREAT LUMLEY, CHESTER LE STREET, DH3 4DP - £230,000

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 TYNE CLOSE is a very small detached house of 87m², built sometime from 2012 onwards. It was last sold for £230,000 in July 2022, which was around 8% above the average July 2022 detached price in the County Durham local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

15 TYNE CLOSE Sold Prices

Land registry data shows two sales for 15 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 15 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
2022 13 JUL	£230,000	£212,834	8% above HPI
2020 26 JUN	£224,995	£169,677	33% above HPI

15 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 15 TYNE CLOSE sales from June 2020 and July 2022 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 2020 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the July 2022 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 15 TYNE CLOSE be worth now?

15 TYNE CLOSE might now be worth an estimated £253,501.

This is based on house price inflation of 10.2%, between July 2022 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 10.2% inflationary increase is applied to the most recent sale price for 15 TYNE CLOSE of £230,000 on 13th July 2022. For the value to have increased from £230,000 to £253,501 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of 15 TYNE CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The July 2022 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 15 TYNE CLOSE has not materially changed since July 2022.

How Large is 15 TYNE CLOSE?

15 TYNE CLOSE is 87m² according to the EPC inspection conducted in October 2021. 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 15 TYNE CLOSE lies on this distribution: 15% of detached houses houses are smaller than 15 TYNE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Great Lumley.

15 TYNE CLOSE: Plot and Title Map

15 TYNE CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 15 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 15 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 15 TYNE CLOSE?

15 TYNE CLOSE is located in GREAT LUMLEY, in the DH3 postcode district. The below map shows the position of No. 15 on TYNE CLOSE.