16, THE DRIVE, CONSETT, DH8 0DL - £95,000

16 THE DRIVE is a very small detached house of 80m², built sometime between 1950 and 1966. It was last sold for £95,000 in November 2018, which was around 45% below the average November 2018 detached price in the County Durham local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was C.

16 THE DRIVE Sold Prices

Land registry data shows two sales for 16 THE 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 16 THE 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
2018 9 NOV	£95,000	£172,349	45% below HPI
2018 13 APR	£75,000	£164,142	54% below HPI

16 THE 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 16 THE DRIVE sales from April 2018 and November 2018 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 April 2018 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the November 2018 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 16 THE DRIVE?

16 THE DRIVE is 80m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 20% of detached houses in Consett, based on EPC data. The below chart shows the distribution of detached houses by size in Consett, and where 16 THE DRIVE lies on this distribution: 10% of detached houses are smaller than 16 THE DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Consett.

16 THE DRIVE: Plot and Title Map

16 THE DRIVE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 16 THE 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 16 THE 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 16 THE DRIVE?

16 THE DRIVE is located in CONSETT, in the DH8 postcode district. The below map shows the position of No. 16 on THE DRIVE.