40, SHINWELL DRIVE, PETERLEE, SR8 5AB - £140,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

40 SHINWELL DRIVE is a very small detached house of 72m², which could now be worth an estimated £150,637. It was last sold for £140,000 in July 2024, which was around 36% below the average July 2024 detached price in the County Durham local authority area. The most recent EPC inspection was June 2018, where the current energy rating was B, and the potential energy rating was A.

40 SHINWELL DRIVE Sold Prices

Land registry data shows two sales for 40 SHINWELL 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 SHINWELL 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
2024 5 JUL	£140,000	£218,016	36% below HPI
2018 29 JUN	£125,995	£170,366	26% below HPI

40 SHINWELL 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 SHINWELL DRIVE sales from June 2018 and July 2024 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 2018 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2024 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 40 SHINWELL DRIVE be worth now?

40 SHINWELL DRIVE might now be worth an estimated £150,637.

This is based on house price inflation of 7.6%, between July 2024 and December 2024, 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 7.6% inflationary increase is applied to the most recent sale price for 40 SHINWELL DRIVE of £140,000 on 5th July 2024. For the value to have increased from £140,000 to £150,637 over the seven months to December 2024, the following assumptions must hold true:

• The value of 40 SHINWELL DRIVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The July 2024 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 40 SHINWELL DRIVE has not materially changed since July 2024.

How Large is 40 SHINWELL DRIVE?

40 SHINWELL DRIVE is 72m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 10% of detached houses houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterlee, and where 40 SHINWELL DRIVE lies on this distribution: 5% of detached houses houses are smaller than 40 SHINWELL DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

40 SHINWELL DRIVE: Plot and Title Map

40 SHINWELL DRIVE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 40 SHINWELL 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 SHINWELL 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 SHINWELL DRIVE?

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