3, LUMLEY DRIVE, PETERLEE, SR8 1NL - £180,000

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

3 LUMLEY DRIVE is a small detached house of 87m², built sometime between 1983 and 1990. It was last sold for £180,000 in June 2015, which was around 11% above the average June 2015 detached price in the County Durham local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

3 LUMLEY DRIVE Sold Prices

Land registry data shows two sales for 3 LUMLEY 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 3 LUMLEY 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 30 JUN	£180,000	£162,266	11% above HPI
2003 20 JUN	£145,000	£112,663	29% above HPI

3 LUMLEY 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 3 LUMLEY DRIVE sales from June 2003 and June 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 2003 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the June 2015 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 3 LUMLEY DRIVE?

3 LUMLEY DRIVE is 87m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 30% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 3 LUMLEY DRIVE lies on this distribution: 27% of detached houses are smaller than 3 LUMLEY DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

3 LUMLEY DRIVE: Plot and Title Map

3 LUMLEY DRIVE sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of 3 LUMLEY 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 3 LUMLEY 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 3 LUMLEY DRIVE?

3 LUMLEY DRIVE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 3 on LUMLEY DRIVE.