33, EIGHTH STREET, PETERLEE, SR8 4LY - £31,000

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.

33 EIGHTH STREET is a very small terraced house of 68m², built sometime between 1900 and 1929, which could now be worth an estimated £43,003. It was last sold for £31,000 in September 2019, which was around 62% below the average September 2019 terraced price in the County Durham local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

33 EIGHTH STREET Sold Prices

Land registry data shows two sales for 33 EIGHTH STREET 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 33 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
2019 25 SEP	£31,000	£82,589	62% below HPI
2019 7 JUN	£23,500	£81,901	71% below HPI

33 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 two 33 EIGHTH STREET sales from June 2019 and September 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 June 2019 sale was for 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the September 2019 sale, where it rises to 62% below the HPI. The line then continues to track at 62% below the HPI.

What might 33 EIGHTH STREET be worth now?

33 EIGHTH STREET might now be worth an estimated £43,003.

This is based on house price inflation of 38.7%, between September 2019 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 38.7% inflationary increase is applied to the most recent sale price for 33 EIGHTH STREET of £31,000 on 25th September 2019. For the value to have increased from £31,000 to £43,003 over the seven years and five months to April 2026, the following assumptions must hold true:

• The value of 33 EIGHTH STREET has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The September 2019 sale price of £31,000 represented a fair market value for the property.
• The size, condition, and specification of 33 EIGHTH STREET has not materially changed since September 2019.

How Large is 33 EIGHTH STREET?

33 EIGHTH STREET is 68m² according to the EPC inspection conducted in February 2016. 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 33 EIGHTH STREET lies on this distribution: 3% of terraced houses houses are smaller than 33 EIGHTH STREET, and 97% of houses are larger. Note that EPC data is not available for all properties in Horden.

33 EIGHTH STREET: Plot and Title Map

33 EIGHTH STREET sits on a plot of roughly 0.018 of an acre, or 74m². The below map shows the location of 33 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 33 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 33 EIGHTH STREET?

33 EIGHTH STREET is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 33 on EIGHTH STREET.