3, LANCASTER HILL, PETERLEE, SR8 2EQ - £26,000

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.

3 LANCASTER HILL is a very small flat of 38m², built sometime between 1950 and 1966, which could now be worth an estimated £33,209. It was last sold for £26,000 in March 2015, which was around 57% below the average March 2015 flat 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 C.

3 LANCASTER HILL Sold Prices

Land registry data shows one sale for 3 LANCASTER HILL since 1^st January 1995. The below table shows the price paid for the one sale, along with the average flat 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 31 MAR	£26,000	£60,140	57% below HPI

What might 3 LANCASTER HILL be worth now?

3 LANCASTER HILL might now be worth an estimated £33,209.

This is based on house price inflation of 27.7%, between March 2015 and May 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 27.7% inflationary increase is applied to the most recent sale price for 3 LANCASTER HILL of £26,000 on 31st March 2015. For the value to have increased from £26,000 to £33,209 over the ten years and ten months to May 2026, the following assumptions must hold true:

• The value of 3 LANCASTER HILL has moved in line with the HPI for flats in the County Durham local authority area.
• The March 2015 sale price of £26,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LANCASTER HILL has not materially changed since March 2015.

How Large is 3 LANCASTER HILL?

3 LANCASTER HILL is 38m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of flats in Peterlee, based on EPC data. 1% of flats are smaller than 3 LANCASTER HILL, and 99% of flats are larger. Note that EPC data is not available for all properties in Peterlee.

3 LANCASTER HILL: Plot

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

Where is 3 LANCASTER HILL?

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