2, LUNEDALE CLOSE, GREAT LUMLEY, CHESTER LE STREET, DH3 4SS - £200,000

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

2 LUNEDALE CLOSE is a very small detached house of 83m², built sometime between 1991 and 1995. It was last sold for £200,000 in October 2012, which was around 19% above the average October 2012 detached price in the County Durham local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

2 LUNEDALE CLOSE Sold Prices

Land registry data shows two sales for 2 LUNEDALE 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 2 LUNEDALE 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
2012 16 OCT	£200,000	£167,817	19% above HPI
1995 21 DEC	£72,000	£68,064	6% above HPI

2 LUNEDALE 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 2 LUNEDALE CLOSE sales from December 1995 and October 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 December 1995 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the October 2012 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 2 LUNEDALE CLOSE be worth now?

2 LUNEDALE CLOSE might now be worth an estimated £279,568.

This is based on house price inflation of 39.8%, between October 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 39.8% inflationary increase is applied to the most recent sale price for 2 LUNEDALE CLOSE of £200,000 on 16th October 2012. For the value to have increased from £200,000 to £279,568 over the eleven years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 LUNEDALE CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2012 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LUNEDALE CLOSE has not materially changed since October 2012.

How Large is 2 LUNEDALE CLOSE?

2 LUNEDALE CLOSE is 83m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% 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 2 LUNEDALE CLOSE lies on this distribution: 10% of detached houses houses are smaller than 2 LUNEDALE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Great Lumley.

2 LUNEDALE CLOSE: Plot and Title Map

2 LUNEDALE CLOSE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 2 LUNEDALE 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 2 LUNEDALE 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 2 LUNEDALE CLOSE?

2 LUNEDALE CLOSE is located in GREAT LUMLEY, in the DH3 postcode district. The below map shows the position of No. 2 on LUNEDALE CLOSE.