7, NORHAM DRIVE, PETERLEE, SR8 1ND - £166,500

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 NORHAM DRIVE is a very small detached house of 62m², built sometime between 1983 and 1990, which could now be worth an estimated £225,301. It was last sold for £166,500 in March 2010, which was around 5% below the average March 2010 detached price in the County Durham local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

7 NORHAM DRIVE Sold Prices

Land registry data shows two sales for 7 NORHAM 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 7 NORHAM 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
2010 19 MAR	£166,500	£174,528	5% below HPI
2002 31 JUL	£69,950	£96,094	27% below HPI

7 NORHAM 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 7 NORHAM DRIVE sales from July 2002 and March 2010 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 July 2002 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the March 2010 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 7 NORHAM DRIVE be worth now?

7 NORHAM DRIVE might now be worth an estimated £225,301.

This is based on house price inflation of 35.3%, between March 2010 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 35.3% inflationary increase is applied to the most recent sale price for 7 NORHAM DRIVE of £166,500 on 19th March 2010. For the value to have increased from £166,500 to £225,301 over the fifteen years and one month to February 2025, the following assumptions must hold true:

• The value of 7 NORHAM DRIVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The March 2010 sale price of £166,500 represented a fair market value for the property.
• The size, condition, and specification of 7 NORHAM DRIVE has not materially changed since March 2010.

How Large is 7 NORHAM DRIVE?

7 NORHAM DRIVE is 62m² according to the EPC inspection conducted in June 2009. 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 7 NORHAM DRIVE lies on this distribution: 1% of detached houses houses are smaller than 7 NORHAM DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

7 NORHAM DRIVE: Plot and Title Map

7 NORHAM DRIVE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 7 NORHAM 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 7 NORHAM 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 7 NORHAM DRIVE?

7 NORHAM DRIVE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 7 on NORHAM DRIVE.