53, THORNTREE GILL, PETERLEE, SR8 4SR - £40,000

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.

53 THORNTREE GILL is a semi-detached house, which could now be worth an estimated £140,451. It was last sold for £40,000 in March 1998, which was around 2% above the average March 1998 semi-detached price in the County Durham local authority area.

53 THORNTREE GILL Sold Prices

Land registry data shows two sales for 53 THORNTREE GILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. One of the two 53 THORNTREE GILL sales was for above the average price, whilst the other was 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
1998 20 MAR	£40,000	£39,298	2% above HPI
1997 27 JUN	£39,000	£39,442	1% below HPI

What might 53 THORNTREE GILL be worth now?

53 THORNTREE GILL might now be worth an estimated £140,451.

This is based on house price inflation of 251.1%, between March 1998 and May 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 251.1% inflationary increase is applied to the most recent sale price for 53 THORNTREE GILL of £40,000 on 20th March 1998. For the value to have increased from £40,000 to £140,451 over the 27 years and ten months to May 2026, the following assumptions must hold true:

• The value of 53 THORNTREE GILL has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The March 1998 sale price of £40,000 represented a fair market value for the property.
• The size, condition, and specification of 53 THORNTREE GILL has not materially changed since March 1998.

Where is 53 THORNTREE GILL?

53 THORNTREE GILL is located in PETERLEE, in the SR8 postcode district.