24, FROSTERLEY DRIVE, GREAT LUMLEY, CHESTER LE STREET, DH3 4SJ - £254,000

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.

24 FROSTERLEY DRIVE is a very large extended detached house of 148m², built sometime between 1991 and 1995, which could now be worth an estimated £346,693. It was last sold for £254,000 in July 2020, which was around 46% above the average July 2020 detached price in the County Durham local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

24 FROSTERLEY DRIVE Sold Prices

Land registry data shows four sales for 24 FROSTERLEY 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 24 FROSTERLEY 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
2020 24 JUL	£254,000	£173,472	46% above HPI
2015 7 JUL	£280,000	£166,233	68% above HPI
2005 16 JUN	£265,000	£171,432	55% above HPI
2002 2 OCT	£179,950	£100,805	79% above HPI

24 FROSTERLEY 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 24 FROSTERLEY DRIVE sales between October 2002 and July 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 July 2015 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the July 2020 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 24 FROSTERLEY DRIVE be worth now?

24 FROSTERLEY DRIVE might now be worth an estimated £346,693.

This is based on house price inflation of 36.5%, between July 2020 and March 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 36.5% inflationary increase is applied to the most recent sale price for 24 FROSTERLEY DRIVE of £254,000 on 24th July 2020. For the value to have increased from £254,000 to £346,693 over the five years and four months to March 2025, the following assumptions must hold true:

• The value of 24 FROSTERLEY DRIVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The July 2020 sale price of £254,000 represented a fair market value for the property.
• The size, condition, and specification of 24 FROSTERLEY DRIVE has not materially changed since July 2020.

How Large is 24 FROSTERLEY DRIVE?

24 FROSTERLEY DRIVE is 148m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the largest 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 24 FROSTERLEY DRIVE lies on this distribution: 85% of detached houses houses are smaller than 24 FROSTERLEY DRIVE, and 15% of houses are larger. Note that EPC data is not available for all properties in Great Lumley.

24 FROSTERLEY DRIVE: Plot and Title Map

24 FROSTERLEY DRIVE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 24 FROSTERLEY 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 24 FROSTERLEY 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 24 FROSTERLEY DRIVE?

24 FROSTERLEY DRIVE is located in GREAT LUMLEY, in the DH3 postcode district. The below map shows the position of No. 24 on FROSTERLEY DRIVE.