2, LORIMERS CLOSE, PETERLEE, SR8 2NH - £280,000

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.

2 LORIMERS CLOSE is a very large extended detached house of 195m², built sometime between 1967 and 1975, which could now be worth an estimated £398,686. It was last sold for £280,000 in April 2020, which was around 67% above the average April 2020 detached price in the County Durham local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was C.

2 LORIMERS CLOSE Sold Prices

Land registry data shows one sale for 2 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
2020 17 APR	£280,000	£167,222	67% above HPI

What might 2 LORIMERS CLOSE be worth now?

2 LORIMERS CLOSE might now be worth an estimated £398,686.

This is based on house price inflation of 42.4%, between April 2020 and April 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 42.4% inflationary increase is applied to the most recent sale price for 2 LORIMERS CLOSE of £280,000 on 17th April 2020. For the value to have increased from £280,000 to £398,686 over the six years to April 2026, the following assumptions must hold true:

• The value of 2 LORIMERS CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The April 2020 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LORIMERS CLOSE has not materially changed since April 2020.

How Large is 2 LORIMERS CLOSE?

2 LORIMERS CLOSE is 195m², which includes two extensions, according to the EPC inspection conducted in December 2019. This puts it in the largest 10% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 2 LORIMERS CLOSE lies on this distribution: 94% of detached houses are smaller than 2 LORIMERS CLOSE, and 6% of detached houses are larger. Note that EPC data is not available for all properties in Peterlee.

2 LORIMERS CLOSE: Plot

2 LORIMERS CLOSE sits on a plot of roughly 0.242 of an acre, or 979m².

Where is 2 LORIMERS CLOSE?

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