18, LORIMERS CLOSE, PETERLEE, SR8 2NH - £270,000

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.

18 LORIMERS CLOSE is a very large extended detached house of 156m², built sometime between 1967 and 1975, which could now be worth an estimated £379,347. It was last sold for £270,000 in June 2015, which was around 62% above the average June 2015 detached price in the County Durham local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

18 LORIMERS CLOSE Sold Prices

Land registry data shows one sale for 18 LORIMERS CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average 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
2015 30 JUN	£270,000	£166,800	62% above HPI

What might 18 LORIMERS CLOSE be worth now?

18 LORIMERS CLOSE might now be worth an estimated £379,347.

This is based on house price inflation of 40.5%, between June 2015 and May 2026, for 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 40.5% inflationary increase is applied to the most recent sale price for 18 LORIMERS CLOSE of £270,000 on 30th June 2015. For the value to have increased from £270,000 to £379,347 over the eleven years and one month to May 2026, the following assumptions must hold true:

• The value of 18 LORIMERS CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The June 2015 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 18 LORIMERS CLOSE has not materially changed since June 2015.

How Large is 18 LORIMERS CLOSE?

18 LORIMERS CLOSE is 156m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 20% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 18 LORIMERS CLOSE lies on this distribution: 88% of detached houses are smaller than 18 LORIMERS CLOSE, and 12% of detached houses are larger. Note that EPC data is not available for all properties in Peterlee.

18 LORIMERS CLOSE: Plot

18 LORIMERS CLOSE sits on a plot of roughly 0.192 of an acre, or 776m².

Where is 18 LORIMERS CLOSE?

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