27, GROSMONT, GREAT LUMLEY, CHESTER LE STREET, DH3 4NG - £175,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

27 GROSMONT is a small extended detached house of 99m², built sometime between 1950 and 1966. It was last sold for £175,000 in January 2020, which was around 5% above the average January 2020 detached price in the County Durham local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

27 GROSMONT Sold Prices

Land registry data shows four sales for 27 GROSMONT 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. Most of the four 27 GROSMONT 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
2020 6 JAN	£175,000	£166,787	5% above HPI
2017 7 JUL	£152,000	£170,057	11% below HPI
2002 14 JUN	£84,950	£91,276	7% below HPI
1999 26 MAR	£60,000	£71,213	16% below HPI

27 GROSMONT 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 27 GROSMONT sales between March 1999 and January 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 2017 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2020 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 27 GROSMONT?

27 GROSMONT is 99m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of detached houses in Great Lumley, based on EPC data. The below chart shows the distribution of detached houses by size in Great Lumley, and where 27 GROSMONT lies on this distribution: 39% of detached houses are smaller than 27 GROSMONT, and 60% of houses are larger. Note that EPC data is not available for all properties in Great Lumley.

27 GROSMONT: Plot and Title Map

27 GROSMONT sits on a plot of roughly 0.219 of an acre, or 884m². The below map shows the location of 27 GROSMONT, 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 27 GROSMONT). 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 27 GROSMONT?

27 GROSMONT is located in GREAT LUMLEY, in the DH3 postcode district. The below map shows the position of No. 27 on GROSMONT.