2, LANCASTER HILL, PETERLEE, SR8 2EQ - £39,500

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.

2 LANCASTER HILL is a midsized flat of 59m², built sometime between 1950 and 1966, which could now be worth an estimated £41,369. It was last sold for £39,500 in November 2021, which was around 47% below the average November 2021 flat price in the County Durham local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was C.

2 LANCASTER HILL Sold Prices

Land registry data shows two sales for 2 LANCASTER HILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the County Durham local authority area for the corresponding sale date. Both of the two 2 LANCASTER HILL sales were 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
2021 11 NOV	£39,500	£73,870	47% below HPI
2007 7 DEC	£57,000	£86,183	34% below HPI

What might 2 LANCASTER HILL be worth now?

2 LANCASTER HILL might now be worth an estimated £41,369.

This is based on house price inflation of 4.7%, between November 2021 and April 2026, for flats, 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 4.7% inflationary increase is applied to the most recent sale price for 2 LANCASTER HILL of £39,500 on 11th November 2021. For the value to have increased from £39,500 to £41,369 over the five years and seven months to April 2026, the following assumptions must hold true:

• The value of 2 LANCASTER HILL has moved in line with the HPI for flats in the County Durham local authority area.
• The November 2021 sale price of £39,500 represented a fair market value for the property.
• The size, condition, and specification of 2 LANCASTER HILL has not materially changed since November 2021.

How Large is 2 LANCASTER HILL?

2 LANCASTER HILL is 59m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 50% of flats in Peterlee, based on EPC data. 45% of flats are smaller than 2 LANCASTER HILL, and 55% of flats are larger. Note that EPC data is not available for all properties in Peterlee.

2 LANCASTER HILL: Plot

2 LANCASTER HILL sits on a plot of roughly 6.2 acres, or 25,185m².

Where is 2 LANCASTER HILL?

2 LANCASTER HILL is located in PETERLEE, in the SR8 postcode district.