2, LANGLEY GROVE, PETERLEE, SR8 1QL - £267,500

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.

2 LANGLEY GROVE is a large extended detached house of 123m², built sometime between 1996 and 2002, which could now be worth an estimated £362,410. It was last sold for £267,500 in May 2019, which was around 53% above the average May 2019 detached price in the County Durham local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

2 LANGLEY GROVE Sold Prices

Land registry data shows two sales for 2 LANGLEY GROVE 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 2 LANGLEY GROVE 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
2019 24 MAY	£267,500	£174,316	53% above HPI
2002 28 JAN	£115,000	£88,055	31% above HPI

2 LANGLEY GROVE 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 2 LANGLEY GROVE sales from January 2002 and May 2019 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 January 2002 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the May 2019 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might 2 LANGLEY GROVE be worth now?

2 LANGLEY GROVE might now be worth an estimated £362,410.

This is based on house price inflation of 35.5%, between May 2019 and February 2025, for 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 35.5% inflationary increase is applied to the most recent sale price for 2 LANGLEY GROVE of £267,500 on 24th May 2019. For the value to have increased from £267,500 to £362,410 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 2 LANGLEY GROVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The May 2019 sale price of £267,500 represented a fair market value for the property.
• The size, condition, and specification of 2 LANGLEY GROVE has not materially changed since May 2019.

How Large is 2 LANGLEY GROVE?

2 LANGLEY GROVE is 123m², which includes two extensions, according to the EPC inspection conducted in January 2019. This puts it in the largest 30% of detached houses houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterlee, and where 2 LANGLEY GROVE lies on this distribution: 72% of detached houses houses are smaller than 2 LANGLEY GROVE, and 28% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

2 LANGLEY GROVE: Plot and Title Map

2 LANGLEY GROVE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 2 LANGLEY GROVE, 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 LANGLEY GROVE). 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 LANGLEY GROVE?

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