45, NENTHEAD CLOSE, GREAT LUMLEY, CHESTER LE STREET, DH3 4SP - £165,000

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

45 NENTHEAD CLOSE is a small extended detached house of 91m², built sometime between 1996 and 2002. It was last sold for £165,000 in December 2016, which was around 2% below the average December 2016 detached price in the County Durham local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

45 NENTHEAD CLOSE Sold Prices

Land registry data shows two sales for 45 NENTHEAD CLOSE 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 45 NENTHEAD CLOSE 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
2016 9 DEC	£165,000	£167,724	2% below HPI
1998 5 JUN	£71,000	£73,736	4% below HPI

45 NENTHEAD CLOSE 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 45 NENTHEAD CLOSE sales from June 1998 and December 2016 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 1998 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2016 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 45 NENTHEAD CLOSE be worth now?

45 NENTHEAD CLOSE might now be worth an estimated £230,771.

This is based on house price inflation of 39.9%, between December 2016 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 39.9% inflationary increase is applied to the most recent sale price for 45 NENTHEAD CLOSE of £165,000 on 9th December 2016. For the value to have increased from £165,000 to £230,771 over the eight years to December 2024, the following assumptions must hold true:

• The value of 45 NENTHEAD CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The December 2016 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 45 NENTHEAD CLOSE has not materially changed since December 2016.

How Large is 45 NENTHEAD CLOSE?

45 NENTHEAD CLOSE is 91m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 30% of detached houses houses in Great Lumley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Lumley, and where 45 NENTHEAD CLOSE lies on this distribution: 24% of detached houses houses are smaller than 45 NENTHEAD CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Great Lumley.

45 NENTHEAD CLOSE: Plot and Title Map

45 NENTHEAD CLOSE sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 45 NENTHEAD CLOSE, 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 45 NENTHEAD CLOSE). 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 45 NENTHEAD CLOSE?

45 NENTHEAD CLOSE is located in GREAT LUMLEY, in the DH3 postcode district. The below map shows the position of No. 45 on NENTHEAD CLOSE.