RED LEA, SEASIDE LANE, EASINGTON, PETERLEE, SR8 3TW - £260,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

RED LEA is a very large extended detached house of 138m², built sometime between 1930 and 1949. It was last sold for £260,000 in March 2021, which was around 40% above the average March 2021 detached price in the County Durham local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was C.

RED LEA Sold Prices

Land registry data shows three sales for RED LEA 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. All of the three RED LEA 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 26 MAR	£260,000	£186,145	40% above HPI
2015 1 DEC	£237,500	£159,972	48% above HPI
2009 11 SEP	£199,000	£170,558	17% above HPI

RED LEA 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 RED LEA sales between September 2009 and March 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 December 2015 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the March 2021 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is RED LEA?

RED LEA is 138m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the largest 20% of detached houses in Easington, based on EPC data. The below chart shows the distribution of detached houses by size in Easington, and where RED LEA lies on this distribution: 86% of detached houses are smaller than RED LEA, and 14% of houses are larger. Note that EPC data is not available for all properties in Easington.

RED LEA: Plot and Title Map

RED LEA sits on a plot of roughly 0.176 of an acre, or 712m². The below map shows the location of RED LEA, 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 RED LEA). 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 RED LEA?

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