9, PICKARD CLOSE, PETERLEE, SR8 5LZ - £64,000

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.

9 PICKARD CLOSE is a very small terraced house of 72m², built sometime between 1950 and 1966, which could now be worth an estimated £92,523. It was last sold for £64,000 in May 2012, which was around 19% below the average May 2012 terraced price in the County Durham local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

9 PICKARD CLOSE Sold Prices

Land registry data shows one sale for 9 PICKARD CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the County Durham local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2012 10 MAY	£64,000	£78,538	19% below HPI

What might 9 PICKARD CLOSE be worth now?

9 PICKARD CLOSE might now be worth an estimated £92,523.

This is based on house price inflation of 44.6%, between May 2012 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 44.6% inflationary increase is applied to the most recent sale price for 9 PICKARD CLOSE of £64,000 on 10th May 2012. For the value to have increased from £64,000 to £92,523 over the fourteen years to May 2026, the following assumptions must hold true:

• The value of 9 PICKARD CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The May 2012 sale price of £64,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PICKARD CLOSE has not materially changed since May 2012.

How Large is 9 PICKARD CLOSE?

9 PICKARD CLOSE is 72m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 20% of terraced houses in Peterlee, based on EPC data. The below chart shows the distribution of terraced houses by size in Peterlee, and where 9 PICKARD CLOSE lies on this distribution: 19% of terraced houses are smaller than 9 PICKARD CLOSE, and 79% of terraced houses are larger. Note that EPC data is not available for all properties in Peterlee.

9 PICKARD CLOSE: Plot

9 PICKARD CLOSE sits on a plot of roughly 0.046 of an acre, or 187m².

Where is 9 PICKARD CLOSE?

9 PICKARD CLOSE is located in PETERLEE, in the SR8 postcode district.