43, MELBECK DRIVE, OUSTON, CHESTER LE STREET, DH2 1TY - £163,000

43 MELBECK DRIVE is a very small detached house of 82m², built sometime between 1983 and 1990. It was last sold for £163,000 in February 2015, which was around 5% above the average February 2015 detached price in the County Durham local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was D.

43 MELBECK DRIVE Sold Prices

Land registry data shows three sales for 43 MELBECK DRIVE 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 43 MELBECK DRIVE 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
2015 20 FEB	£163,000	£154,532	5% above HPI
2012 17 SEP	£155,000	£162,405	5% below HPI
1997 17 OCT	£64,000	£70,874	10% below HPI

43 MELBECK 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 three 43 MELBECK DRIVE sales between October 1997 and February 2015 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 September 2012 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2015 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 43 MELBECK DRIVE?

43 MELBECK DRIVE is 82m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 10% of detached houses in Urpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Urpeth, and where 43 MELBECK DRIVE lies on this distribution: 8% of detached houses are smaller than 43 MELBECK DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Urpeth.

43 MELBECK DRIVE: Plot and Title Map

43 MELBECK DRIVE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 43 MELBECK 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 43 MELBECK 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 43 MELBECK DRIVE?

43 MELBECK DRIVE is located in OUSTON, in the DH2 postcode district. The below map shows the position of No. 43 on MELBECK DRIVE.