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House Prices in SR8 House Prices in SR8 (Peterlee)

The average house price in SR8 (Peterlee) is £103,308 using HM Land Registry data.

The average property price increased by £2,358 (15.85%) over the last 5 years and increased by £473 (2.57%) over the last 12 months.

Over the last year, there were 408 residential property sales – a decrease of 131 transactions (-32.11%) relative to the previous year. The majority of house sales (143) were in the £64,000 - £98,000 range. Then came properties in the £30,000 - £64,000 range, where 94 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 137 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,831 (-3%).

In January 2025, there were 94 new estate agency instructions, 49 agreed home sales and 54 property price reductions.

Nearby Postcodes: DH1, DH4, DH5, DH6, DH7, DL16, DL17, SR2, SR3, SR7, TS21, TS22, TS24, TS26, TS27, TS28, TS29

5-Year Average Property Prices in SR8 (Peterlee)

15.85%

Property prices in SR8 (Peterlee) increased by 15.85% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SR8 (Peterlee) Over the Last Year

2.57%

Property prices in SR8 (Peterlee) increased by 2.57% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for SR8 (Peterlee) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SR8 (Peterlee)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SR8 (Peterlee)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SR8 (Peterlee)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SR8 (Peterlee) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SR8 postcode area since 1995.

Recent Sales in SR8 (Peterlee)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 Newark Close, Peterlee, County Durham, SR8 2AS£105,000£105,000£021 Aug 202417 Dec 2024118 Days
22 Thorpe Road, Easington, Peterlee, County Durham, SR8 3UA£159,999£155,000-£4,99925 Jul 202417 Dec 2024145 Days
8 North Crescent, Peterlee, County Durham, SR8 3EQ£85,000£83,000-£2,00019 Aug 202416 Dec 2024119 Days
37 Bewley Grove, Peterlee, County Durham, SR8 1PP£229,995£222,500-£7,49503 Jul 202406 Dec 2024156 Days
85 Pentland Close, Peterlee, County Durham, SR8 2LB£70,000£68,000-£2,00006 Jun 202406 Dec 2024183 Days
181 Hatfield Place, Peterlee, County Durham, SR8 5TB£105,000£100,000-£5,00019 Sep 202406 Dec 202478 Days
15 Carrock Close, Peterlee, County Durham, SR8 1EE£299,950£299,950£028 Aug 202405 Dec 202499 Days
11 Adam Street, Horden, Peterlee, County Durham, SR8 4EU£145,000£132,000-£13,00012 Jun 202405 Dec 2024176 Days
14 Rydal Mount, Peterlee, County Durham, SR8 3EZ£100,000£97,000-£3,00004 Aug 202403 Dec 2024121 Days
13 Millom Court, Peterlee, County Durham, SR8 1PN£420,000£417,500-£2,50014 Dec 202302 Dec 2024354 Days
45 Briardene Way, Easington Colliery, Peterlee, County Durham, SR8 3NR£220,000£217,500-£2,50005 Jul 202402 Dec 2024150 Days
17 Eastfield, Peterlee, County Durham, SR8 4SS£255,000£250,000-£5,00007 Dec 202329 Nov 2024358 Days
17 Hazel Crescent, Peterlee, County Durham, SR8 3HP£94,950£90,000-£4,95018 May 202425 Nov 2024191 Days
6 Dene Avenue, Peterlee, County Durham, SR8 3NL£80,000£75,000-£5,00013 Jun 202422 Nov 2024162 Days
8 Sea View, Easington, Peterlee, County Durham, SR8 3EJ£85,000£82,000-£3,00010 Jun 202422 Nov 2024165 Days
3 Lorimers Close, Peterlee, County Durham, SR8 2NH£475,000£465,000-£10,00021 Dec 202320 Nov 2024335 Days
11 Bedford Place, Peterlee, County Durham, SR8 2DE£85,000£82,500-£2,50021 Mar 201901 Nov 20242052 Days
8 Brougham Court, Peterlee, County Durham, SR8 1QA£220,000£212,000-£8,00010 Jun 202401 Nov 2024144 Days
9 Eden Street, Horden, Peterlee, County Durham, SR8 4DH£60,000£60,000£016 Aug 202328 Oct 2024439 Days
125 Pentland Close, Peterlee, County Durham, SR8 2LE£79,950£78,000-£1,95018 Jan 202425 Oct 2024281 Days

Most Expensive Streets in SR8 (Peterlee)

PostcodeStreetAreaAverageNo. of Sales
SR8 3UDLittlethorpePeterlee£360,8594
SR8 1LUBrancepeth CharePeterlee£357,5003
SR8 1NQBerwick ChasePeterlee£323,4874
SR8 1EECarrock ClosePeterlee£309,9833
SR8 1NNMarwood GrovePeterlee£307,5006
SR8 2NHLorimers ClosePeterlee£305,35010
SR8 1PJEgremont GrovePeterlee£303,3333
SR8 3UYNursery Gardens, EasingtonPeterlee£302,3163
SR8 3UZBrook Fields, LittlethorpePeterlee£301,5938
SR8 1PWAskerton DrivePeterlee£284,4005

Least Expensive Streets in SR8 (Peterlee)

PostcodeStreetAreaAverageNo. of Sales
SR8 4LZNinth StreetPeterlee£27,76913
SR8 4JXSixth StreetPeterlee£30,73924
SR8 4JQSeventh StreetPeterlee£31,83622
SR8 4NFTees StreetPeterlee£31,94614
SR8 4LYEighth StreetPeterlee£32,54721
SR8 4QQEleventh StreetPeterlee£33,30130
SR8 4LAFifth StreetPeterlee£34,95423
SR8 4QHTwelfth StreetPeterlee£35,04119
SR8 4NAWarren StreetPeterlee£35,10316
SR8 4QPThirteenth StreetPeterlee£35,3059

Explore SR8 (Peterlee) using map

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