8, LAKEMORE, PETERLEE, SR8 1DZ - £140,000

8 LAKEMORE is a very small detached house of 74m², built sometime between 1996 and 2002. It was last sold for £140,000 in April 2022, which was around 30% below the average April 2022 detached price in the County Durham local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

8 LAKEMORE Sold Prices

Land registry data shows two sales for 8 LAKEMORE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Both of the two 8 LAKEMORE 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
2022 1 APR	£140,000	£200,782	30% below HPI
2014 17 OCT	£106,000	£156,758	32% below HPI

8 LAKEMORE Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two 8 LAKEMORE sales from October 2014 and April 2022 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 October 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the April 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 8 LAKEMORE?

8 LAKEMORE is 74m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 8 LAKEMORE lies on this distribution: 7% of detached houses are smaller than 8 LAKEMORE, and 93% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

8 LAKEMORE: Plot and Title Map

8 LAKEMORE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 8 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 8 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 8 LAKEMORE?

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