8, MITCHELL CLOSE, PETERLEE, SR8 2QA - £45,500

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.

8 MITCHELL CLOSE is a semi-detached house, which could now be worth an estimated £156,462. It was last sold for £45,500 in October 1998, which was around 12% above the average October 1998 semi-detached price in the County Durham local authority area.

8 MITCHELL CLOSE Sold Prices

Land registry data shows two sales for 8 MITCHELL CLOSE 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. Both of the two 8 MITCHELL CLOSE sales were for above 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 30 OCT	£45,500	£40,605	12% above HPI
1996 25 JUN	£44,950	£38,998	15% above HPI

What might 8 MITCHELL CLOSE be worth now?

8 MITCHELL CLOSE might now be worth an estimated £156,462.

This is based on house price inflation of 243.9%, between October 1998 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 243.9% inflationary increase is applied to the most recent sale price for 8 MITCHELL CLOSE of £45,500 on 30th October 1998. For the value to have increased from £45,500 to £156,462 over the 28 years and six months to April 2026, the following assumptions must hold true:

• The value of 8 MITCHELL CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The October 1998 sale price of £45,500 represented a fair market value for the property.
• The size, condition, and specification of 8 MITCHELL CLOSE has not materially changed since October 1998.

Where is 8 MITCHELL CLOSE?

8 MITCHELL CLOSE is located in PETERLEE, in the SR8 postcode district.