2, MERE DRIVE, PITY ME, DURHAM, DH1 5DD - £350,000

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 MERE DRIVE is a midsized extended detached house of 119m², built sometime between 1991 and 1995, which could now be worth an estimated £373,810. It was last sold for £350,000 in September 2022, which was around 59% above the average September 2022 detached price in the County Durham local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

2 MERE DRIVE Sold Prices

Land registry data shows four sales for 2 MERE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the four 2 MERE DRIVE 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 23 SEP	£350,000	£219,639	59% above HPI
2013 21 FEB	£235,000	£160,166	47% above HPI
2009 30 NOV	£245,000	£179,033	37% above HPI
2003 4 JUL	£177,500	£118,143	50% above HPI

2 MERE 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 four 2 MERE DRIVE sales between July 2003 and September 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 February 2013 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the September 2022 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might 2 MERE DRIVE be worth now?

2 MERE DRIVE might now be worth an estimated £373,810.

This is based on house price inflation of 6.8%, between September 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 6.8% inflationary increase is applied to the most recent sale price for 2 MERE DRIVE of £350,000 on 23rd September 2022. For the value to have increased from £350,000 to £373,810 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of 2 MERE DRIVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The September 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MERE DRIVE has not materially changed since September 2022.

How Large is 2 MERE DRIVE?

2 MERE DRIVE is 119m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the smallest 50% of detached houses houses in Durham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Durham, and where 2 MERE DRIVE lies on this distribution: 40% of detached houses houses are smaller than 2 MERE DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Durham.

2 MERE DRIVE: Plot and Title Map

2 MERE DRIVE sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 2 MERE 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 2 MERE 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 2 MERE DRIVE?

2 MERE DRIVE is located in PITY ME, in the DH1 postcode district. The below map shows the position of No. 2 on MERE DRIVE.