8, TWEED CLOSE, PETERLEE, SR8 1DF - £51,000

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.

8 TWEED CLOSE is a midsized terraced house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £73,995. It was last sold for £51,000 in August 2014, which was around 35% below the average August 2014 terraced price in the County Durham local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

8 TWEED CLOSE Sold Prices

Land registry data shows one sale for 8 TWEED CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced 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
2014 21 AUG	£51,000	£78,964	35% below HPI

What might 8 TWEED CLOSE be worth now?

8 TWEED CLOSE might now be worth an estimated £73,995.

This is based on house price inflation of 45.1%, between August 2014 and April 2026, for terraced 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 45.1% inflationary increase is applied to the most recent sale price for 8 TWEED CLOSE of £51,000 on 21st August 2014. For the value to have increased from £51,000 to £73,995 over the twelve years and four months to April 2026, the following assumptions must hold true:

• The value of 8 TWEED CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The August 2014 sale price of £51,000 represented a fair market value for the property.
• The size, condition, and specification of 8 TWEED CLOSE has not materially changed since August 2014.

How Large is 8 TWEED CLOSE?

8 TWEED CLOSE is 85m² according to the EPC inspection conducted in May 2022. This puts it in the largest 50% of terraced houses in Peterlee, based on EPC data. The below chart shows the distribution of terraced houses by size in Peterlee, and where 8 TWEED CLOSE lies on this distribution: 50% of terraced houses are smaller than 8 TWEED CLOSE, and 46% of terraced houses are larger. Note that EPC data is not available for all properties in Peterlee.

8 TWEED CLOSE: Plot

8 TWEED CLOSE sits on a plot of roughly 0.021 of an acre, or 84m².

Where is 8 TWEED CLOSE?

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