42, BRUCE KIRKUP ROAD, PETERLEE, SR8 4BJ - £58,000

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.

42 BRUCE KIRKUP ROAD is a very small extended terraced house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £81,173. It was last sold for £58,000 in June 2015, which was around 27% below the average June 2015 terraced price in the County Durham local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

42 BRUCE KIRKUP ROAD Sold Prices

Land registry data shows two sales for 42 BRUCE KIRKUP ROAD 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 42 BRUCE KIRKUP ROAD 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
2015 12 JUN	£58,000	£79,035	27% below HPI
2007 26 NOV	£36,000	£97,559	63% below HPI

42 BRUCE KIRKUP ROAD 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 42 BRUCE KIRKUP ROAD sales from November 2007 and June 2015 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 2007 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the June 2015 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 42 BRUCE KIRKUP ROAD be worth now?

42 BRUCE KIRKUP ROAD might now be worth an estimated £81,173.

This is based on house price inflation of 40%, between June 2015 and June 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 40% inflationary increase is applied to the most recent sale price for 42 BRUCE KIRKUP ROAD of £58,000 on 12th June 2015. For the value to have increased from £58,000 to £81,173 over the ten years to June 2025, the following assumptions must hold true:

• The value of 42 BRUCE KIRKUP ROAD has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The June 2015 sale price of £58,000 represented a fair market value for the property.
• The size, condition, and specification of 42 BRUCE KIRKUP ROAD has not materially changed since June 2015.

How Large is 42 BRUCE KIRKUP ROAD?

42 BRUCE KIRKUP ROAD is 76m², which includes one extension, according to the EPC inspection conducted in March 2013. 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 42 BRUCE KIRKUP ROAD lies on this distribution: 10% of terraced houses houses are smaller than 42 BRUCE KIRKUP ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in Horden.

42 BRUCE KIRKUP ROAD: Plot and Title Map

42 BRUCE KIRKUP ROAD sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 42 BRUCE KIRKUP ROAD, 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 42 BRUCE KIRKUP ROAD). 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 42 BRUCE KIRKUP ROAD?

42 BRUCE KIRKUP ROAD is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 42 on BRUCE KIRKUP ROAD.