8, GARSIDE GROVE, PETERLEE, SR8 2QB - £87,500

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.

8 GARSIDE GROVE is a very small extended semi-detached house of 60m², built sometime between 1996 and 2002, which could now be worth an estimated £119,960. It was last sold for £87,500 in August 2019, which was around 13% below the average August 2019 semi-detached price in the County Durham local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

8 GARSIDE GROVE Sold Prices

Land registry data shows four sales for 8 GARSIDE GROVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. two of the four 8 GARSIDE GROVE sales were for below the average price, and four 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
2019 22 AUG	£87,500	£100,677	13% below HPI
2005 27 MAY	£95,000	£98,141	3% below HPI
1999 30 NOV	£49,950	£42,437	18% above HPI
1997 17 DEC	£47,500	£39,522	20% above HPI

8 GARSIDE GROVE 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 four 8 GARSIDE GROVE sales between December 1997 and August 2019 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 2005 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2019 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 8 GARSIDE GROVE be worth now?

8 GARSIDE GROVE might now be worth an estimated £119,960.

This is based on house price inflation of 37.1%, between August 2019 and March 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 37.1% inflationary increase is applied to the most recent sale price for 8 GARSIDE GROVE of £87,500 on 22nd August 2019. For the value to have increased from £87,500 to £119,960 over the six years and five months to March 2025, the following assumptions must hold true:

• The value of 8 GARSIDE GROVE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The August 2019 sale price of £87,500 represented a fair market value for the property.
• The size, condition, and specification of 8 GARSIDE GROVE has not materially changed since August 2019.

How Large is 8 GARSIDE GROVE?

8 GARSIDE GROVE is 60m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% 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 8 GARSIDE GROVE lies on this distribution: 1% of semi-detached houses houses are smaller than 8 GARSIDE GROVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

8 GARSIDE GROVE: Plot and Title Map

8 GARSIDE GROVE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 8 GARSIDE GROVE, 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 8 GARSIDE GROVE). 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 8 GARSIDE GROVE?

8 GARSIDE GROVE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 8 on GARSIDE GROVE.