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

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.

27 GROSMONT is a small extended detached house of 99m², built sometime between 1950 and 1966, which could now be worth an estimated £241,057. It was last sold for £175,000 in January 2020, which was around 2% 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	£171,448	2% above HPI
2017 7 JUL	£152,000	£174,809	13% below HPI
2002 14 JUN	£84,950	£93,827	9% below HPI
1999 26 MAR	£60,000	£73,203	18% 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 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the January 2020 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 27 GROSMONT be worth now?

27 GROSMONT might now be worth an estimated £241,057.

This is based on house price inflation of 37.7%, between January 2020 and February 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 37.7% inflationary increase is applied to the most recent sale price for 27 GROSMONT of £175,000 on 6th January 2020. For the value to have increased from £175,000 to £241,057 over the four years and eleven months to February 2025, the following assumptions must hold true:

• The value of 27 GROSMONT has moved in line with the HPI for detached houses in the County Durham local authority area.
• The January 2020 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 27 GROSMONT has not materially changed since January 2020.

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 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 27 GROSMONT lies on this distribution: 39% of detached houses 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 0.218 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.