7, NENTHEAD CLOSE, GREAT LUMLEY, CHESTER LE STREET, DH3 4SP - £260,000

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

7 NENTHEAD CLOSE is a midsized extended detached house of 113m², built sometime between 1991 and 1995. It was last sold for £260,000 in June 2021, which was around 30% above the average June 2021 detached price in the County Durham local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

7 NENTHEAD CLOSE Sold Prices

Land registry data shows two sales for 7 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 7 NENTHEAD CLOSE 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 30 JUN	£260,000	£199,308	30% above HPI
2018 10 APR	£212,000	£168,729	26% above HPI

7 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 7 NENTHEAD CLOSE sales from April 2018 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 April 2018 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the June 2021 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 7 NENTHEAD CLOSE be worth now?

7 NENTHEAD CLOSE might now be worth an estimated £306,014.

This is based on house price inflation of 17.7%, between June 2021 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 17.7% inflationary increase is applied to the most recent sale price for 7 NENTHEAD CLOSE of £260,000 on 30th June 2021. For the value to have increased from £260,000 to £306,014 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 7 NENTHEAD CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The June 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 7 NENTHEAD CLOSE has not materially changed since June 2021.

How Large is 7 NENTHEAD CLOSE?

7 NENTHEAD CLOSE is 113m², which includes three extensions, according to the EPC inspection conducted in September 2017. This puts it in the largest 50% 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 7 NENTHEAD CLOSE lies on this distribution: 57% of detached houses houses are smaller than 7 NENTHEAD CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Great Lumley.

7 NENTHEAD CLOSE: Plot and Title Map

7 NENTHEAD CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 7 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 7 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 7 NENTHEAD CLOSE?

7 NENTHEAD CLOSE is located in GREAT LUMLEY, in the DH3 postcode district. The below map shows the position of No. 7 on NENTHEAD CLOSE.