3, OAKERSIDE DRIVE, PETERLEE, SR8 1JD - £78,000

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 OAKERSIDE DRIVE is a small detached house of 86m², built sometime between 1967 and 1975. It was last sold for £78,000 in September 2005, which was around 55% below the average September 2005 detached price in the County Durham local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

3 OAKERSIDE DRIVE Sold Prices

Land registry data shows two sales for 3 OAKERSIDE 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 OAKERSIDE 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
2005 8 SEP	£78,000	£173,801	55% below HPI
1998 1 OCT	£28,000	£73,624	62% below HPI

3 OAKERSIDE 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 OAKERSIDE DRIVE sales from October 1998 and September 2005 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 October 1998 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the September 2005 sale, where it rises to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 3 OAKERSIDE DRIVE?

3 OAKERSIDE DRIVE is 86m² according to the EPC inspection conducted in August 2013. 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 OAKERSIDE DRIVE lies on this distribution: 25% of detached houses are smaller than 3 OAKERSIDE DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

3 OAKERSIDE DRIVE: Plot and Title Map

3 OAKERSIDE DRIVE sits on a plot of roughly 0.022 of an acre, or 89m². The below map shows the location of 3 OAKERSIDE 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 OAKERSIDE 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 OAKERSIDE DRIVE?

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