40, BALMORAL DRIVE, PETERLEE, SR8 1QP - £265,000

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

40 BALMORAL DRIVE is a very large extended detached house of 136m², built sometime between 1996 and 2002. It was last sold for £265,000 in June 2022, which was around 30% above the average June 2022 detached price in the County Durham local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

40 BALMORAL DRIVE Sold Prices

Land registry data shows two sales for 40 BALMORAL 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 40 BALMORAL 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
2022 10 JUN	£265,000	£203,387	30% above HPI
2001 3 MAY	£87,950	£79,358	11% above HPI

40 BALMORAL 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 40 BALMORAL DRIVE sales from May 2001 and June 2022 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 May 2001 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the June 2022 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 40 BALMORAL DRIVE?

40 BALMORAL DRIVE is 136m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 20% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 40 BALMORAL DRIVE lies on this distribution: 80% of detached houses are smaller than 40 BALMORAL DRIVE, and 19% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

40 BALMORAL DRIVE: Plot and Title Map

40 BALMORAL DRIVE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 40 BALMORAL 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 40 BALMORAL 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 40 BALMORAL DRIVE?

40 BALMORAL DRIVE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 40 on BALMORAL DRIVE.