2, NORHAM DRIVE, PETERLEE, SR8 1ND - £202,000

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 NORHAM DRIVE is a midsized detached house of 107m², built sometime between 1976 and 1982, which could now be worth an estimated £287,243. It was last sold for £202,000 in August 2014, which was around 22% above the average August 2014 detached price in the County Durham local authority area. The most recent EPC inspection was April 2014, where the current energy rating was B, and the potential energy rating was B.

2 NORHAM DRIVE Sold Prices

Land registry data shows two sales for 2 NORHAM 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. Both of the two 2 NORHAM 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
2014 22 AUG	£202,000	£164,966	22% above HPI
2004 28 MAY	£195,000	£141,401	38% above HPI

2 NORHAM 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 2 NORHAM DRIVE sales from May 2004 and August 2014 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 May 2004 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the August 2014 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 2 NORHAM DRIVE be worth now?

2 NORHAM DRIVE might now be worth an estimated £287,243.

This is based on house price inflation of 42.2%, between August 2014 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 42.2% inflationary increase is applied to the most recent sale price for 2 NORHAM DRIVE of £202,000 on 22nd August 2014. For the value to have increased from £202,000 to £287,243 over the nine years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 NORHAM DRIVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2014 sale price of £202,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NORHAM DRIVE has not materially changed since August 2014.

How Large is 2 NORHAM DRIVE?

2 NORHAM DRIVE is 107m² according to the EPC inspection conducted in April 2014. This puts it in the largest 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 2 NORHAM DRIVE lies on this distribution: 55% of detached houses houses are smaller than 2 NORHAM DRIVE, and 44% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

2 NORHAM DRIVE: Plot and Title Map

2 NORHAM DRIVE sits on a plot of roughly 0.138 of an acre, or 558m². The below map shows the location of 2 NORHAM 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 NORHAM 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 NORHAM DRIVE?

2 NORHAM DRIVE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 2 on NORHAM DRIVE.