8, SKERNE CLOSE, PETERLEE, SR8 1HS - £67,000

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.

8 SKERNE CLOSE is a small terraced house of 87m², built sometime between 1950 and 1966, which could now be worth an estimated £93,810. It was last sold for £67,000 in December 2017, which was around 17% below the average December 2017 terraced price in the County Durham local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

8 SKERNE CLOSE Sold Prices

Land registry data shows two sales for 8 SKERNE 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 8 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
2017 15 DEC	£67,000	£81,091	17% below HPI
2006 30 OCT	£79,000	£91,419	14% below HPI

8 SKERNE 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 8 SKERNE CLOSE sales from October 2006 and December 2017 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 2006 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2017 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 8 SKERNE CLOSE be worth now?

8 SKERNE CLOSE might now be worth an estimated £93,810.

This is based on house price inflation of 40%, between December 2017 and May 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 40% inflationary increase is applied to the most recent sale price for 8 SKERNE CLOSE of £67,000 on 15th December 2017. For the value to have increased from £67,000 to £93,810 over the nine years and seven months to May 2026, the following assumptions must hold true:

• The value of 8 SKERNE CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The December 2017 sale price of £67,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SKERNE CLOSE has not materially changed since December 2017.

How Large is 8 SKERNE CLOSE?

8 SKERNE CLOSE is 87m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 30% 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 8 SKERNE CLOSE lies on this distribution: 27% of terraced houses houses are smaller than 8 SKERNE CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

8 SKERNE CLOSE: Plot and Title Map

8 SKERNE CLOSE sits on a plot of roughly 0.025 of an acre, or 102m². The below map shows the location of 8 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 8 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 8 SKERNE CLOSE?

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