40, BROADOAK DRIVE, LANCHESTER, DURHAM, DH7 0QA - £170,000

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

40 BROADOAK DRIVE is a small extended detached house of 84m², built sometime between 1967 and 1975. It was last sold for £170,000 in September 2018, which was around 2% below the average September 2018 detached price in the County Durham local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

40 BROADOAK DRIVE Sold Prices

Land registry data shows three sales for 40 BROADOAK DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 40 BROADOAK 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
2018 28 SEP	£170,000	£174,029	2% below HPI
2016 26 MAY	£149,000	£159,456	7% below HPI
2006 16 JUN	£164,950	£179,517	8% below HPI

40 BROADOAK 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 three 40 BROADOAK DRIVE sales between June 2006 and September 2018 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 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2018 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 40 BROADOAK DRIVE?

40 BROADOAK DRIVE is 84m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 30% of detached houses in Lanchester, based on EPC data. The below chart shows the distribution of detached houses by size in Lanchester, and where 40 BROADOAK DRIVE lies on this distribution: 20% of detached houses are smaller than 40 BROADOAK DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

40 BROADOAK DRIVE: Plot and Title Map

40 BROADOAK DRIVE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 40 BROADOAK 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 BROADOAK 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 BROADOAK DRIVE?

40 BROADOAK DRIVE is located in LANCHESTER, in the DH7 postcode district. The below map shows the position of No. 40 on BROADOAK DRIVE.