12, MITCHELL CLOSE, PETERLEE, SR8 2QA - £102,500

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.

12 MITCHELL CLOSE is a very small semi-detached house of 59m², built sometime between 1996 and 2002, which could now be worth an estimated £153,791. It was last sold for £102,500 in October 2014, which was around 10% above the average October 2014 semi-detached price in the County Durham local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

12 MITCHELL CLOSE Sold Prices

Land registry data shows five sales for 12 MITCHELL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. Most of the five 12 MITCHELL CLOSE 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
2014 3 OCT	£102,500	£93,061	10% above HPI
2011 15 DEC	£98,500	£97,342	1% above HPI
2004 4 JUN	£80,000	£84,378	5% below HPI
2001 11 MAY	£49,000	£43,412	13% above HPI
1996 29 MAY	£44,950	£38,160	18% above HPI

12 MITCHELL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The five 12 MITCHELL CLOSE sales between May 1996 and October 2014 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 2011 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the October 2014 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 12 MITCHELL CLOSE be worth now?

12 MITCHELL CLOSE might now be worth an estimated £153,791.

This is based on house price inflation of 50%, between October 2014 and April 2026, for semi-detached 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 50% inflationary increase is applied to the most recent sale price for 12 MITCHELL CLOSE of £102,500 on 3rd October 2014. For the value to have increased from £102,500 to £153,791 over the twelve years and six months to April 2026, the following assumptions must hold true:

• The value of 12 MITCHELL CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The October 2014 sale price of £102,500 represented a fair market value for the property.
• The size, condition, and specification of 12 MITCHELL CLOSE has not materially changed since October 2014.

How Large is 12 MITCHELL CLOSE?

12 MITCHELL CLOSE is 59m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 10% of semi-detached houses houses in Peterlee, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Peterlee, and where 12 MITCHELL CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 12 MITCHELL CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

12 MITCHELL CLOSE: Plot and Title Map

12 MITCHELL CLOSE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 12 MITCHELL 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 12 MITCHELL 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 12 MITCHELL CLOSE?

12 MITCHELL CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 12 on MITCHELL CLOSE.