7, SKERNE CLOSE, PETERLEE, SR8 1HR - £60,000

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.

7 SKERNE CLOSE is a large semi-detached house of 112m², built sometime between 1967 and 1975, which could now be worth an estimated £87,086. It was last sold for £60,000 in October 2016, which was around 38% below the average October 2016 semi-detached price in the County Durham local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was B.

7 SKERNE CLOSE Sold Prices

Land registry data shows three sales for 7 SKERNE CLOSE 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 7 SKERNE CLOSE 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
2016 7 OCT	£60,000	£96,700	38% below HPI
2001 2 NOV	£21,000	£46,996	55% below HPI
1998 24 NOV	£28,500	£40,332	29% below HPI

7 SKERNE CLOSE 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 7 SKERNE CLOSE sales between November 1998 and October 2016 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 2001 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the October 2016 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 7 SKERNE CLOSE be worth now?

7 SKERNE CLOSE might now be worth an estimated £87,086.

This is based on house price inflation of 45.1%, between October 2016 and July 2025, 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 45.1% inflationary increase is applied to the most recent sale price for 7 SKERNE CLOSE of £60,000 on 7th October 2016. For the value to have increased from £60,000 to £87,086 over the nine years and three months to July 2025, the following assumptions must hold true:

• The value of 7 SKERNE CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The October 2016 sale price of £60,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SKERNE CLOSE has not materially changed since October 2016.

How Large is 7 SKERNE CLOSE?

7 SKERNE CLOSE is 112m² according to the EPC inspection conducted in April 2014. This puts it in the largest 40% 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 7 SKERNE CLOSE lies on this distribution: 61% of semi-detached houses houses are smaller than 7 SKERNE CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

7 SKERNE CLOSE: Plot and Title Map

7 SKERNE CLOSE sits on a plot of roughly 0.030 of an acre, or 122m². The below map shows the location of 7 SKERNE CLOSE, 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 7 SKERNE CLOSE). 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 7 SKERNE CLOSE?

7 SKERNE CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 7 on SKERNE CLOSE.