39, LAKEMORE, PETERLEE, SR8 1DZ - £83,000

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.

39 LAKEMORE is a very small terraced house of 57m², built sometime between 1983 and 1990, which could now be worth an estimated £124,915. It was last sold for £83,000 in April 2017, which was around 9% above the average April 2017 terraced price in the County Durham local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.

39 LAKEMORE Sold Prices

Land registry data shows three sales for 39 LAKEMORE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the County Durham local authority area for the corresponding sale date. All of the three 39 LAKEMORE 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
2017 28 APR	£83,000	£76,125	9% above HPI
2012 30 MAR	£82,000	£77,003	6% above HPI
2001 25 MAY	£40,450	£33,728	20% above HPI

39 LAKEMORE 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 three 39 LAKEMORE sales between May 2001 and April 2017 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 2012 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the April 2017 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 39 LAKEMORE be worth now?

39 LAKEMORE might now be worth an estimated £124,915.

This is based on house price inflation of 50.5%, between April 2017 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 50.5% inflationary increase is applied to the most recent sale price for 39 LAKEMORE of £83,000 on 28th April 2017. For the value to have increased from £83,000 to £124,915 over the nine years to April 2026, the following assumptions must hold true:

• The value of 39 LAKEMORE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The April 2017 sale price of £83,000 represented a fair market value for the property.
• The size, condition, and specification of 39 LAKEMORE has not materially changed since April 2017.

How Large is 39 LAKEMORE?

39 LAKEMORE is 57m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 10% 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 39 LAKEMORE lies on this distribution: Less than 1% of terraced houses houses are smaller than 39 LAKEMORE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

39 LAKEMORE: Plot and Title Map

39 LAKEMORE sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 39 LAKEMORE, 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 39 LAKEMORE). 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 39 LAKEMORE?

39 LAKEMORE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 39 on LAKEMORE.