38, SPRINGBANK, PETERLEE, SR8 1FA - £114,950

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.

38 SPRINGBANK is a small semi-detached house of 69m², built in 2016, which could now be worth an estimated £171,301. It was last sold for £114,950 in May 2015, which was around 23% above the average May 2015 semi-detached price in the County Durham local authority area. The most recent EPC inspection was April 2021, where the current energy rating was B, and the potential energy rating was A.

38 SPRINGBANK Sold Prices

Land registry data shows one sale for 38 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
2015 29 MAY	£114,950	£93,697	23% above HPI

What might 38 SPRINGBANK be worth now?

38 SPRINGBANK might now be worth an estimated £171,301.

This is based on house price inflation of 49%, between May 2015 and April 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 49% inflationary increase is applied to the most recent sale price for 38 SPRINGBANK of £114,950 on 29th May 2015. For the value to have increased from £114,950 to £171,301 over the eleven years and one month to April 2026, the following assumptions must hold true:

• The value of 38 SPRINGBANK has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The May 2015 sale price of £114,950 represented a fair market value for the property.
• The size, condition, and specification of 38 SPRINGBANK has not materially changed since May 2015.

How Large is 38 SPRINGBANK?

38 SPRINGBANK is 69m² according to the EPC inspection conducted in April 2021. 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 38 SPRINGBANK lies on this distribution: 25% of semi-detached houses are smaller than 38 SPRINGBANK, and 73% of semi-detached houses are larger. Note that EPC data is not available for all properties in Peterlee.

38 SPRINGBANK: Plot

38 SPRINGBANK sits on a plot of roughly 0.037 of an acre, or 149m².

Where is 38 SPRINGBANK?

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