7, TWEED CLOSE, PETERLEE, SR8 1DF - £76,000

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 TWEED CLOSE is a large terraced house of 112m², built sometime between 1967 and 1975, which could now be worth an estimated £113,077. It was last sold for £76,000 in March 2018, which was around 1% below the average March 2018 terraced price in the County Durham local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

7 TWEED CLOSE Sold Prices

Land registry data shows two sales for 7 TWEED CLOSE 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 7 TWEED 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
2018 5 MAR	£76,000	£77,002	1% below HPI
2006 11 DEC	£81,500	£92,247	12% below HPI

7 TWEED CLOSE 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 7 TWEED CLOSE sales from December 2006 and March 2018 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 December 2006 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2018 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 7 TWEED CLOSE be worth now?

7 TWEED CLOSE might now be worth an estimated £113,077.

This is based on house price inflation of 48.8%, between March 2018 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 48.8% inflationary increase is applied to the most recent sale price for 7 TWEED CLOSE of £76,000 on 5th March 2018. For the value to have increased from £76,000 to £113,077 over the seven years and eleven months to April 2026, the following assumptions must hold true:

• The value of 7 TWEED CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The March 2018 sale price of £76,000 represented a fair market value for the property.
• The size, condition, and specification of 7 TWEED CLOSE has not materially changed since March 2018.

How Large is 7 TWEED CLOSE?

7 TWEED CLOSE is 112m² according to the EPC inspection conducted in April 2014. This puts it in the largest 40% 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 7 TWEED CLOSE lies on this distribution: 62% of terraced houses houses are smaller than 7 TWEED CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

7 TWEED CLOSE: Plot and Title Map

7 TWEED CLOSE sits on a plot of roughly 0.022 of an acre, or 90m². The below map shows the location of 7 TWEED 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 TWEED 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 TWEED CLOSE?

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