49, LAKEMORE, PETERLEE, SR8 1DZ - £138,000

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.

49 LAKEMORE is a very small semi-detached house of 78m², built sometime between 1991 and 1995, which could now be worth an estimated £166,717. It was last sold for £138,000 in August 2008, which was around 21% above the average August 2008 semi-detached price in the County Durham local authority area. The most recent EPC inspection was September 2010, where the current energy rating was E, and the potential energy rating was C.

49 LAKEMORE Sold Prices

Land registry data shows three sales for 49 LAKEMORE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. All of the three 49 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
2008 27 AUG	£138,000	£114,218	21% above HPI
2007 19 SEP	£143,500	£115,680	24% above HPI
2003 21 FEB	£78,950	£57,363	38% above HPI

49 LAKEMORE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The three 49 LAKEMORE sales between February 2003 and August 2008 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 September 2007 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the August 2008 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 49 LAKEMORE be worth now?

49 LAKEMORE might now be worth an estimated £166,717.

This is based on house price inflation of 20.8%, between August 2008 and May 2026, for semi-detached 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 20.8% inflationary increase is applied to the most recent sale price for 49 LAKEMORE of £138,000 on 27th August 2008. For the value to have increased from £138,000 to £166,717 over the eighteen years and three months to May 2026, the following assumptions must hold true:

• The value of 49 LAKEMORE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The August 2008 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of 49 LAKEMORE has not materially changed since August 2008.

How Large is 49 LAKEMORE?

49 LAKEMORE is 78m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% of semi-detached houses houses in Peterlee, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Peterlee, and where 49 LAKEMORE lies on this distribution: 13% of semi-detached houses houses are smaller than 49 LAKEMORE, and 86% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

49 LAKEMORE: Plot and Title Map

49 LAKEMORE sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 49 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 49 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 49 LAKEMORE?

49 LAKEMORE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 49 on LAKEMORE.