7, DRUMMOND WAY, SHILDON, DL4 2GB - £205,000

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.

7 DRUMMOND WAY is a midsized detached house of 111m², which could now be worth an estimated £242,909. It was last sold for £205,000 in June 2021, which was around 3% above the average June 2021 detached price in the County Durham local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

7 DRUMMOND WAY Sold Prices

Land registry data shows two sales for 7 DRUMMOND WAY 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 7 DRUMMOND WAY 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
2021 2 JUN	£205,000	£199,308	3% above HPI
2014 11 NOV	£204,950	£158,113	30% above HPI

7 DRUMMOND WAY 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 7 DRUMMOND WAY sales from November 2014 and June 2021 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 November 2014 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the June 2021 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 7 DRUMMOND WAY be worth now?

7 DRUMMOND WAY might now be worth an estimated £242,909.

This is based on house price inflation of 18.5%, between June 2021 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 18.5% inflationary increase is applied to the most recent sale price for 7 DRUMMOND WAY of £205,000 on 2nd June 2021. For the value to have increased from £205,000 to £242,909 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 7 DRUMMOND WAY has moved in line with the HPI for detached houses in the County Durham local authority area.
• The June 2021 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 7 DRUMMOND WAY has not materially changed since June 2021.

How Large is 7 DRUMMOND WAY?

7 DRUMMOND WAY is 111m² according to the EPC inspection conducted in October 2014. This puts it in the largest 40% of detached houses houses in Shildon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shildon, and where 7 DRUMMOND WAY lies on this distribution: 59% of detached houses houses are smaller than 7 DRUMMOND WAY, and 36% of houses are larger. Note that EPC data is not available for all properties in Shildon.

7 DRUMMOND WAY: Plot and Title Map

7 DRUMMOND WAY sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 7 DRUMMOND WAY, 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 7 DRUMMOND WAY). 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 7 DRUMMOND WAY?

7 DRUMMOND WAY is located in SHILDON, in the DL4 postcode district. The below map shows the position of No. 7 on DRUMMOND WAY.