10, LORIMERS CLOSE, PETERLEE, SR8 2NH - £275,000

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.

10 LORIMERS CLOSE is a very large extended semi-detached house of 154m², built sometime between 1967 and 1975, which could now be worth an estimated £393,098. It was last sold for £275,000 in May 2020, which was around 185% above the average May 2020 semi-detached price in the County Durham local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was C.

10 LORIMERS CLOSE Sold Prices

Land registry data shows one sale for 10 LORIMERS CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-detached 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
2020 29 MAY	£275,000	£96,531	185% above HPI

What might 10 LORIMERS CLOSE be worth now?

10 LORIMERS CLOSE might now be worth an estimated £393,098.

This is based on house price inflation of 42.9%, between May 2020 and May 2026, 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 42.9% inflationary increase is applied to the most recent sale price for 10 LORIMERS CLOSE of £275,000 on 29th May 2020. For the value to have increased from £275,000 to £393,098 over the six years to May 2026, the following assumptions must hold true:

• The value of 10 LORIMERS CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The May 2020 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 10 LORIMERS CLOSE has not materially changed since May 2020.

How Large is 10 LORIMERS CLOSE?

10 LORIMERS CLOSE is 154m², which includes three extensions, according to the EPC inspection conducted in July 2018. This puts it in the largest 10% of semi-detached houses in Peterlee, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Peterlee, and where 10 LORIMERS CLOSE lies on this distribution: More than 99% of semi-detached houses are smaller than 10 LORIMERS CLOSE, and less than 1% of semi-detached houses are larger. Note that EPC data is not available for all properties in Peterlee.

10 LORIMERS CLOSE: Plot

10 LORIMERS CLOSE sits on a plot of roughly 0.218 of an acre, or 883m².

Where is 10 LORIMERS CLOSE?

10 LORIMERS CLOSE is located in PETERLEE, in the SR8 postcode district.