22, TWEED CLOSE, PETERLEE, SR8 1DF - £57,000

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.

22 TWEED CLOSE is a small terraced house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £67,064. It was last sold for £57,000 in April 2023, which was around 41% below the average April 2023 terraced price in the County Durham local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

22 TWEED CLOSE Sold Prices

Land registry data shows two sales for 22 TWEED CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the County Durham local authority area for the corresponding sale date. Both of the two 22 TWEED 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
2023 13 APR	£57,000	£97,375	41% below HPI
2017 1 NOV	£57,000	£81,119	30% below HPI

22 TWEED 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 two 22 TWEED CLOSE sales from November 2017 and April 2023 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 November 2017 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2023 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 22 TWEED CLOSE be worth now?

22 TWEED CLOSE might now be worth an estimated £67,064.

This is based on house price inflation of 17.7%, between April 2023 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 17.7% inflationary increase is applied to the most recent sale price for 22 TWEED CLOSE of £57,000 on 13th April 2023. For the value to have increased from £57,000 to £67,064 over the three years to April 2026, the following assumptions must hold true:

• The value of 22 TWEED CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The April 2023 sale price of £57,000 represented a fair market value for the property.
• The size, condition, and specification of 22 TWEED CLOSE has not materially changed since April 2023.

How Large is 22 TWEED CLOSE?

22 TWEED CLOSE is 83m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% 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 22 TWEED CLOSE lies on this distribution: 20% of terraced houses houses are smaller than 22 TWEED CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

22 TWEED CLOSE: Plot and Title Map

22 TWEED CLOSE sits on a plot of roughly 0.027 of an acre, or 108m². The below map shows the location of 22 TWEED 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 22 TWEED 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 22 TWEED CLOSE?

22 TWEED CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 22 on TWEED CLOSE.