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House Prices in SR8

The average house price in SR8 (Peterlee) is £152,416 using HM Land Registry data.

The average property price increased by £676 (0.62%) over the last 5 years and increased by £135 (0.12%) over the last 12 months.

Over the last year, there were 374 residential property sales – a decrease of 126 transactions (-33.69%) relative to the previous year. The majority of house sales (144) were in the £68,000 - £106,000 range. Then came properties in the £30,000 - £68,000 range, where 65 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 94 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,850 (-4%).

In Apr 2026, there were 53 new estate agency instructions, 45 agreed home sales and 46 property price reductions.

5-Year Average Property Prices in SR8 (Peterlee)

0.62%

Property prices in SR8 (Peterlee) increased by 0.62% 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

0.12%

Property prices in SR8 (Peterlee) increased by 0.12% 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.

Property Market Heat Gauge for SR8 (Peterlee) - Apr 2026

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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
23 Hatfield Place, Peterlee, SR8 5SZ	£94,995	£92,000	-£2,995	01 Sep 2025	16 Feb 2026	168 Days
1 Skerne Close, Peterlee, SR8 1HR	£60,000	£56,000	-£4,000	20 Aug 2025	13 Feb 2026	177 Days
30 Balmoral Drive, Peterlee, SR8 1QP	£230,000	£217,000	-£13,000	08 Aug 2025	13 Feb 2026	189 Days
30 Springbank, Peterlee, SR8 1FA	£144,950	£139,000	-£5,950	23 May 2025	12 Feb 2026	265 Days
10 Grange Avenue, Peterlee, SR8 3EH	£139,950	£137,000	-£2,950	22 May 2025	12 Feb 2026	266 Days
22 Acacia Avenue, Peterlee, SR8 4HF	£105,000	£92,500	-£12,500	29 Oct 2025	10 Feb 2026	104 Days
11 Calley Close, Peterlee, SR8 1LZ	£174,950	£174,950	£0	22 Sep 2025	06 Feb 2026	137 Days
9 Wadham Close, Peterlee, SR8 2NN	£85,000	£85,000	£0	15 Jul 2025	06 Feb 2026	206 Days
51 Whitehouse Court, Peterlee, SR8 3HZ	£140,000	£138,000	-£2,000	02 Jul 2025	06 Feb 2026	219 Days
3 Burdon Place, Peterlee, SR8 5QZ	£86,950	£85,000	-£1,950	18 Jun 2025	30 Jan 2026	226 Days
53 Pentland Close, Peterlee, SR8 2LA	£78,000	£75,000	-£3,000	03 Apr 2025	23 Jan 2026	295 Days
8 Hilton Drive, Peterlee, SR8 5UF	£285,000	£285,000	£0	05 Nov 2025	22 Jan 2026	78 Days
55 Berwick Chase, Peterlee, SR8 1NQ	£310,000	£310,000	£0	07 Mar 2025	16 Jan 2026	315 Days
30 Lambton Court, Peterlee, SR8 1NG	£210,000	£190,000	-£20,000	02 Sep 2025	16 Jan 2026	136 Days
50 The Coppice, Peterlee, SR8 3NU	£230,000	£226,000	-£4,000	12 May 2025	14 Jan 2026	247 Days
32 Springbank, Peterlee, SR8 1FA	£149,950	£145,000	-£4,950	28 Jan 2025	14 Jan 2026	351 Days
12 Sea View, Peterlee, SR8 3EJ	£72,500	£72,500	£0	29 Sep 2025	14 Jan 2026	107 Days
20 Sledmere Close, Peterlee, SR8 5JN	£139,999	£139,999	£0	09 Jun 2025	09 Jan 2026	214 Days
22 Dene Avenue, Peterlee, SR8 3NL	£95,000	£95,000	£0	23 Mar 2025	07 Jan 2026	290 Days
8 Lowther Close, Peterlee, SR8 5HJ	£90,000	£90,000	£0	28 May 2025	12 Dec 2025	198 Days

Most Expensive Streets in SR8 (Peterlee)

Postcode	Street	Area	Average	No. of Sales
SR8 3US	Stonelea Court	Peterlee	£433,333	3
SR8 3UD	Littlethorpe, Little Thorpe	Peterlee	£418,687	5
SR8 1NL	Lumley Drive	Peterlee	£381,987	4
SR8 1NN	Marwood Grove	Peterlee	£351,000	5
SR8 1NQ	Berwick Chase	Peterlee	£325,233	6
SR8 2NH	Lorimers Close	Peterlee	£317,357	7
SR8 1PN	Millom Court	Peterlee	£316,612	4
SR8 1EE	Carrock Close	Peterlee	£309,983	3
SR8 1BX	Burnside	Peterlee	£302,500	4
SR8 1PW	Askerton Drive	Peterlee	£293,072	4

Least Expensive Streets in SR8 (Peterlee)

Postcode	Street	Area	Average	No. of Sales
SR8 4LZ	Ninth Street, Horden	Peterlee	£30,666	9
SR8 4QQ	Eleventh Street, Horden	Peterlee	£32,277	29
SR8 4JQ	Seventh Street	Peterlee	£32,486	23
SR8 4LY	Eighth Street, Horden	Peterlee	£33,460	19
SR8 4NF	Tees Street	Peterlee	£33,805	9
SR8 4QH	Twelfth Street, Horden	Peterlee	£35,013	21
SR8 4LA	Fifth Street	Peterlee	£35,770	22
SR8 4QP	Thirteenth Street, Horden	Peterlee	£35,977	11
SR8 4JX	Sixth Street, Horden	Peterlee	£38,296	16
SR8 4LX	Seventh Street, Horden	Peterlee	£38,874	24