40, SPRINGBANK, PETERLEE, SR8 1FA - £99,500

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.

40 SPRINGBANK is a small terraced house of 85m², which could now be worth an estimated £141,135. It was last sold for £99,500 in September 2020, which was around 22% above the average September 2020 terraced price in the County Durham local authority area. The most recent EPC inspection was October 2019, where the current energy rating was B, and the potential energy rating was A.

40 SPRINGBANK Sold Prices

Land registry data shows two sales for 40 SPRINGBANK 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 40 SPRINGBANK 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
2020 18 SEP	£99,500	£81,634	22% above HPI
2015 15 MAY	£134,950	£76,838	76% above HPI

40 SPRINGBANK 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 40 SPRINGBANK sales from May 2015 and September 2020 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 May 2015 sale was for 76% above the HPI. So the extrapolation line tracks at 76% above the HPI over time, until the September 2020 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 40 SPRINGBANK be worth now?

40 SPRINGBANK might now be worth an estimated £141,135.

This is based on house price inflation of 41.8%, between September 2020 and July 2025, 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 41.8% inflationary increase is applied to the most recent sale price for 40 SPRINGBANK of £99,500 on 18th September 2020. For the value to have increased from £99,500 to £141,135 over the five years and two months to July 2025, the following assumptions must hold true:

• The value of 40 SPRINGBANK has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The September 2020 sale price of £99,500 represented a fair market value for the property.
• The size, condition, and specification of 40 SPRINGBANK has not materially changed since September 2020.

How Large is 40 SPRINGBANK?

40 SPRINGBANK is 85m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% 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 40 SPRINGBANK lies on this distribution: 22% of terraced houses houses are smaller than 40 SPRINGBANK, and 76% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

40 SPRINGBANK: Plot and Title Map

40 SPRINGBANK sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 40 SPRINGBANK, 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 40 SPRINGBANK). 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 40 SPRINGBANK?

40 SPRINGBANK is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 40 on SPRINGBANK.