52, BALMORAL DRIVE, PETERLEE, SR8 1QP - £173,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

52 BALMORAL DRIVE is a small extended detached house of 89m², built sometime between 1991 and 1995, which could now be worth an estimated £193,772. It was last sold for £173,000 in July 2023, which was around 18% below the average July 2023 detached price in the County Durham local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

52 BALMORAL DRIVE Sold Prices

Land registry data shows three sales for 52 BALMORAL 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. One of the three 52 BALMORAL DRIVE sales was for below the average price, whilst two 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
2023 17 JUL	£173,000	£210,848	18% below HPI
2003 10 JAN	£107,500	£106,158	1% above HPI
2000 28 JAN	£84,500	£80,049	6% above HPI

52 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 three 52 BALMORAL DRIVE sales between January 2000 and July 2023 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 January 2003 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the July 2023 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 52 BALMORAL DRIVE be worth now?

52 BALMORAL DRIVE might now be worth an estimated £193,772.

This is based on house price inflation of 12%, between July 2023 and February 2025, 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 12% inflationary increase is applied to the most recent sale price for 52 BALMORAL DRIVE of £173,000 on 17th July 2023. For the value to have increased from £173,000 to £193,772 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 52 BALMORAL DRIVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The July 2023 sale price of £173,000 represented a fair market value for the property.
• The size, condition, and specification of 52 BALMORAL DRIVE has not materially changed since July 2023.

How Large is 52 BALMORAL DRIVE?

52 BALMORAL DRIVE is 89m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 40% 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 52 BALMORAL DRIVE lies on this distribution: 31% of detached houses houses are smaller than 52 BALMORAL DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

52 BALMORAL DRIVE: Plot and Title Map

52 BALMORAL DRIVE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 52 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 52 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 52 BALMORAL DRIVE?

52 BALMORAL DRIVE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 52 on BALMORAL DRIVE.