CARMEL GROVE, SEASIDE LANE, EASINGTON, PETERLEE, SR8 3AS - £195,000

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.

CARMEL GROVE is a midsized extended detached house of 103m², built sometime between 1950 and 1966, which could now be worth an estimated £265,515. It was last sold for £195,000 in July 2019, which was around 12% above the average July 2019 detached price in the County Durham local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was C.

CARMEL GROVE Sold Prices

Land registry data shows three sales for CARMEL GROVE 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 CARMEL GROVE sales was for above the average price, whilst two 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
2019 5 JUL	£195,000	£173,444	12% above HPI
2011 30 NOV	£140,000	£169,622	17% below HPI
1997 2 MAY	£62,000	£70,111	12% below HPI

CARMEL GROVE 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 CARMEL GROVE sales between May 1997 and July 2019 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 2011 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2019 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might CARMEL GROVE be worth now?

CARMEL GROVE might now be worth an estimated £265,515.

This is based on house price inflation of 36.2%, between July 2019 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 36.2% inflationary increase is applied to the most recent sale price for CARMEL GROVE of £195,000 on 5th July 2019. For the value to have increased from £195,000 to £265,515 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of CARMEL GROVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The July 2019 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of CARMEL GROVE has not materially changed since July 2019.

How Large is CARMEL GROVE?

CARMEL GROVE is 103m², which includes one extension, according to the EPC inspection conducted in November 2012. This puts it in the largest 50% of detached houses houses in Easington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Easington, and where CARMEL GROVE lies on this distribution: 49% of detached houses houses are smaller than CARMEL GROVE, and 50% of houses are larger. Note that EPC data is not available for all properties in Easington.

CARMEL GROVE: Plot and Title Map

CARMEL GROVE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of CARMEL GROVE, 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 CARMEL GROVE). 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 CARMEL GROVE?

CARMEL GROVE is located on SEASIDE LANE in EASINGTON, in the SR8 postcode district. The below map shows the position of CARMEL GROVE on SEASIDE LANE.