15, SPRINGBANK, PETERLEE, SR8 1FA - £90,000

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.

15 SPRINGBANK is a small semi-detached house of 69m², built in 2016, which could now be worth an estimated £129,890. It was last sold for £90,000 in February 2017, which was around 6% below the average February 2017 semi-detached price in the County Durham local authority area. The most recent EPC inspection was August 2016, where the current energy rating was B, and the potential energy rating was A.

15 SPRINGBANK Sold Prices

Land registry data shows one sale for 15 SPRINGBANK 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
2017 24 FEB	£90,000	£95,610	6% below HPI

What might 15 SPRINGBANK be worth now?

15 SPRINGBANK might now be worth an estimated £129,890.

This is based on house price inflation of 44.3%, between February 2017 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 44.3% inflationary increase is applied to the most recent sale price for 15 SPRINGBANK of £90,000 on 24th February 2017. For the value to have increased from £90,000 to £129,890 over the eight years and nine months to May 2026, the following assumptions must hold true:

• The value of 15 SPRINGBANK has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The February 2017 sale price of £90,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPRINGBANK has not materially changed since February 2017.

How Large is 15 SPRINGBANK?

15 SPRINGBANK is 69m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 30% 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 15 SPRINGBANK lies on this distribution: 25% of semi-detached houses are smaller than 15 SPRINGBANK, and 72% of semi-detached houses are larger. Note that EPC data is not available for all properties in Peterlee.

15 SPRINGBANK: Plot

15 SPRINGBANK sits on a plot of roughly 0.030 of an acre, or 121m².

Where is 15 SPRINGBANK?

15 SPRINGBANK is located in PETERLEE, in the SR8 postcode district.