11, PICKARD CLOSE, PETERLEE, SR8 5LZ - £70,000

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.

11 PICKARD CLOSE is a very small terraced house of 65m², built sometime between 1950 and 1966, which could now be worth an estimated £82,617. It was last sold for £70,000 in July 2021, which was around 28% below the average July 2021 terraced price in the County Durham local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

11 PICKARD CLOSE Sold Prices

Land registry data shows three sales for 11 PICKARD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the County Durham local authority area for the corresponding sale date. All of the three 11 PICKARD CLOSE 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
2021 16 JUL	£70,000	£97,071	28% below HPI
2007 20 APR	£73,000	£92,111	21% below HPI
1999 3 DEC	£28,000	£33,771	17% below HPI

11 PICKARD CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the County Durham local authority area over time, sourced from the HPI. The three 11 PICKARD CLOSE sales between December 1999 and July 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 April 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 11 PICKARD CLOSE be worth now?

11 PICKARD CLOSE might now be worth an estimated £82,617.

This is based on house price inflation of 18%, between July 2021 and April 2026, for terraced 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 18% inflationary increase is applied to the most recent sale price for 11 PICKARD CLOSE of £70,000 on 16th July 2021. For the value to have increased from £70,000 to £82,617 over the five years and three months to April 2026, the following assumptions must hold true:

• The value of 11 PICKARD CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The July 2021 sale price of £70,000 represented a fair market value for the property.
• The size, condition, and specification of 11 PICKARD CLOSE has not materially changed since July 2021.

How Large is 11 PICKARD CLOSE?

11 PICKARD CLOSE is 65m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 10% of terraced houses houses in Peterlee, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Peterlee, and where 11 PICKARD CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 11 PICKARD CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

11 PICKARD CLOSE: Plot and Title Map

11 PICKARD CLOSE sits on a plot of roughly 0.029 of an acre, or 117m². The below map shows the location of 11 PICKARD CLOSE, 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 11 PICKARD CLOSE). 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 11 PICKARD CLOSE?

11 PICKARD CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 11 on PICKARD CLOSE.