2, EIGHTH STREET, PETERLEE, SR8 4LY - £30,250

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.

2 EIGHTH STREET is a very small terraced house of 70m², built sometime between 1930 and 1949, which could now be worth an estimated £34,189. It was last sold for £30,250 in April 2024, which was around 70% below the average April 2024 terraced price in the County Durham local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

2 EIGHTH STREET Sold Prices

Land registry data shows four sales for 2 EIGHTH STREET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the County Durham local authority area for the corresponding sale date. All of the four 2 EIGHTH STREET 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
2024 4 APR	£30,250	£101,369	70% below HPI
2007 9 MAR	£60,500	£91,577	34% below HPI
2006 4 MAY	£48,000	£87,517	45% below HPI
2004 26 MAR	£31,000	£57,958	47% below HPI

2 EIGHTH STREET 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 four 2 EIGHTH STREET sales between March 2004 and April 2024 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 March 2007 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the April 2024 sale, where it falls to 70% below the HPI. The line then continues to track at 70% below the HPI.

What might 2 EIGHTH STREET be worth now?

2 EIGHTH STREET might now be worth an estimated £34,189.

This is based on house price inflation of 13%, between April 2024 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 13% inflationary increase is applied to the most recent sale price for 2 EIGHTH STREET of £30,250 on 4th April 2024. For the value to have increased from £30,250 to £34,189 over the two years to April 2026, the following assumptions must hold true:

• The value of 2 EIGHTH STREET has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The April 2024 sale price of £30,250 represented a fair market value for the property.
• The size, condition, and specification of 2 EIGHTH STREET has not materially changed since April 2024.

How Large is 2 EIGHTH STREET?

2 EIGHTH STREET is 70m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of terraced houses houses in Horden, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Horden, and where 2 EIGHTH STREET lies on this distribution: 3% of terraced houses houses are smaller than 2 EIGHTH STREET, and 96% of houses are larger. Note that EPC data is not available for all properties in Horden.

2 EIGHTH STREET: Plot and Title Map

2 EIGHTH STREET sits on a plot of roughly 0.019 of an acre, or 77m². The below map shows the location of 2 EIGHTH STREET, 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 2 EIGHTH STREET). 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 2 EIGHTH STREET?

2 EIGHTH STREET is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 2 on EIGHTH STREET.