THE LAURELS, DROVER ROAD, CONSETT, DH8 9RE - £135,000

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

THE LAURELS is a small detached house of 101m², built sometime between 1996 and 2002. It was last sold for £135,000 in May 2017, which was around 16% below the average May 2017 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 B.

THE LAURELS Sold Prices

Land registry data shows three sales for THE LAURELS 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 THE LAURELS 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
2017 5 MAY	£135,000	£160,536	16% below HPI
2006 16 OCT	£119,950	£182,933	34% below HPI
1998 31 JUL	£59,950	£72,344	17% below HPI

THE LAURELS 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 THE LAURELS sales between July 1998 and May 2017 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 October 2006 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the May 2017 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is THE LAURELS?

THE LAURELS is 101m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 30% of detached houses in Castleside, based on EPC data. The below chart shows the distribution of detached houses by size in Castleside, and where THE LAURELS lies on this distribution: 25% of detached houses are smaller than THE LAURELS, and 75% of houses are larger. Note that EPC data is not available for all properties in Castleside.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of THE LAURELS, 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 THE LAURELS). 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 THE LAURELS?

THE LAURELS is located on DROVER ROAD in CONSETT, in the DH8 postcode district. The below map shows the position of THE LAURELS on DROVER ROAD.