25, MELBECK DRIVE, OUSTON, CHESTER LE STREET, DH2 1TY - £58,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

25 MELBECK DRIVE is a very small detached house of 84m², built sometime between 1950 and 1966. It was last sold for £58,500 in April 1997, which was around 13% below the average April 1997 detached price in the County Durham local authority area. The most recent EPC inspection was December 2015, where the current energy rating was B, and the potential energy rating was B.

25 MELBECK DRIVE Sold Prices

Land registry data shows two sales for 25 MELBECK 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 25 MELBECK DRIVE sales were for below 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
1997 4 APR	£58,500	£66,926	13% below HPI
1995 3 MAR	£57,500	£65,520	12% below HPI

25 MELBECK 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 25 MELBECK DRIVE sales from March 1995 and April 1997 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 March 1995 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the April 1997 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 25 MELBECK DRIVE?

25 MELBECK DRIVE is 84m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 10% of detached houses in Urpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Urpeth, and where 25 MELBECK DRIVE lies on this distribution: 10% of detached houses are smaller than 25 MELBECK DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Urpeth.

25 MELBECK DRIVE: Plot and Title Map

25 MELBECK DRIVE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 25 MELBECK 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 25 MELBECK 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 25 MELBECK DRIVE?

25 MELBECK DRIVE is located in OUSTON, in the DH2 postcode district. The below map shows the position of No. 25 on MELBECK DRIVE.