78, SEVEN ACRES, GREAT LUMLEY, CHESTER LE STREET, DH3 4JT - £60,000

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

78 SEVEN ACRES is a very small semi-detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £78,568. It was last sold for £60,000 in October 2005, which was around 42% below the average October 2005 semi-detached price in the County Durham local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

78 SEVEN ACRES Sold Prices

Land registry data shows two sales for 78 SEVEN ACRES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. Both of the two 78 SEVEN ACRES 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
2005 17 OCT	£60,000	£103,437	42% below HPI
2003 28 MAR	£49,950	£58,513	15% below HPI

78 SEVEN ACRES Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The two 78 SEVEN ACRES sales from March 2003 and October 2005 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 March 2003 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2005 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 78 SEVEN ACRES be worth now?

78 SEVEN ACRES might now be worth an estimated £78,568.

This is based on house price inflation of 30.9%, between October 2005 and December 2024, for semi-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 30.9% inflationary increase is applied to the most recent sale price for 78 SEVEN ACRES of £60,000 on 17th October 2005. For the value to have increased from £60,000 to £78,568 over the eighteen years and ten months to December 2024, the following assumptions must hold true:

• The value of 78 SEVEN ACRES has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The October 2005 sale price of £60,000 represented a fair market value for the property.
• The size, condition, and specification of 78 SEVEN ACRES has not materially changed since October 2005.

How Large is 78 SEVEN ACRES?

78 SEVEN ACRES is 82m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% of semi-detached houses houses in Great Lumley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Great Lumley, and where 78 SEVEN ACRES lies on this distribution: 9% of semi-detached houses houses are smaller than 78 SEVEN ACRES, and 91% of houses are larger. Note that EPC data is not available for all properties in Great Lumley.

78 SEVEN ACRES: Plot and Title Map

78 SEVEN ACRES sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 78 SEVEN ACRES, 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 78 SEVEN ACRES). 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 78 SEVEN ACRES?

78 SEVEN ACRES is located in GREAT LUMLEY, in the DH3 postcode district. The below map shows the position of No. 78 on SEVEN ACRES.