9, SEVERN CLOSE, PETERLEE, SR8 1JU - £78,500

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.

9 SEVERN CLOSE is a small terraced house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £121,723. It was last sold for £78,500 in March 2015, which was around 5% above the average March 2015 terraced price in the County Durham local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

9 SEVERN CLOSE Sold Prices

Land registry data shows two sales for 9 SEVERN 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. One of the two 9 SEVERN CLOSE sales was for above the average price, whilst the other was 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
2015 27 MAR	£78,500	£74,676	5% above HPI
2012 24 MAY	£72,000	£78,538	8% below HPI

9 SEVERN 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 9 SEVERN CLOSE sales from May 2012 and March 2015 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 2012 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2015 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 9 SEVERN CLOSE be worth now?

9 SEVERN CLOSE might now be worth an estimated £121,723.

This is based on house price inflation of 55.1%, between March 2015 and July 2025, 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 55.1% inflationary increase is applied to the most recent sale price for 9 SEVERN CLOSE of £78,500 on 27th March 2015. For the value to have increased from £78,500 to £121,723 over the nine years and eight months to July 2025, the following assumptions must hold true:

• The value of 9 SEVERN CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The March 2015 sale price of £78,500 represented a fair market value for the property.
• The size, condition, and specification of 9 SEVERN CLOSE has not materially changed since March 2015.

How Large is 9 SEVERN CLOSE?

9 SEVERN CLOSE is 90m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 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 9 SEVERN CLOSE lies on this distribution: 33% of terraced houses houses are smaller than 9 SEVERN CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

9 SEVERN CLOSE: Plot and Title Map

9 SEVERN CLOSE sits on a plot of roughly 0.031 of an acre, or 127m². The below map shows the location of 9 SEVERN 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 9 SEVERN 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 9 SEVERN CLOSE?

9 SEVERN CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 9 on SEVERN CLOSE.