24, WEST DRIVE, LANCHESTER, DURHAM, DH7 0HQ - £112,500

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 WEST DRIVE is a very small semi-detached house of 56m², built sometime between 1967 and 1975, which could now be worth an estimated £162,272. It was last sold for £112,500 in December 2015, which was around 19% above the average December 2015 semi-detached price in the County Durham local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was B.

24 WEST DRIVE Sold Prices

Land registry data shows four sales for 24 WEST DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. All of the four 24 WEST 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
2015 18 DEC	£112,500	£94,397	19% above HPI
2012 29 JUN	£120,000	£94,586	27% above HPI
1997 25 JUL	£51,500	£40,397	27% above HPI
1995 14 JUL	£39,000	£38,454	1% above HPI

24 WEST DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The four 24 WEST DRIVE sales between July 1995 and December 2015 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 2012 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the December 2015 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 24 WEST DRIVE be worth now?

24 WEST DRIVE might now be worth an estimated £162,272.

This is based on house price inflation of 44.2%, between December 2015 and February 2025, for semi-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 44.2% inflationary increase is applied to the most recent sale price for 24 WEST DRIVE of £112,500 on 18th December 2015. For the value to have increased from £112,500 to £162,272 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 24 WEST DRIVE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The December 2015 sale price of £112,500 represented a fair market value for the property.
• The size, condition, and specification of 24 WEST DRIVE has not materially changed since December 2015.

How Large is 24 WEST DRIVE?

24 WEST DRIVE is 56m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of semi-detached houses houses in Lanchester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lanchester, and where 24 WEST DRIVE lies on this distribution: 2% of semi-detached houses houses are smaller than 24 WEST DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

24 WEST DRIVE: Plot and Title Map

24 WEST DRIVE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 24 WEST 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 WEST 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 WEST DRIVE?

24 WEST DRIVE is located in LANCHESTER, in the DH7 postcode district. The below map shows the position of No. 24 on WEST DRIVE.