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House Prices in SR8

The average house price in SR8 (Peterlee) is £104,905 using HM Land Registry data.

The average property price increased by £6,739 (15.85%) over the last 5 years and increased by £1,350 (2.57%) over the last 12 months.

Over the last year, there were 377 residential property sales – a decrease of 183 transactions (-48.54%) relative to the previous year. The majority of house sales (125) 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 109 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,812 (-3%).

In Dec 24, there were 38 new estate agency instructions, 31 agreed home sales and 27 property price reductions.

5-Year Average Property Prices in SR8 (Peterlee)

15.85%

Property prices in 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 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.

Property Market Heat Gauge for SR8 (Peterlee) - Dec 24

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
11 Bedford Place, Peterlee, County Durham, SR8 2DE	£85,000	£82,500	-£2,500	21 Mar 2019	01 Nov 2024	2052 Days
8 Brougham Court, Peterlee, County Durham, SR8 1QA	£220,000	£212,000	-£8,000	10 Jun 2024	01 Nov 2024	144 Days
9 Eden Street, Horden, Peterlee, County Durham, SR8 4DH	£60,000	£60,000	£00	16 Aug 2023	28 Oct 2024	439 Days
125 Pentland Close, Peterlee, County Durham, SR8 2LE	£79,950	£78,000	-£1,950	18 Jan 2024	25 Oct 2024	281 Days
10 Fairport Terrace, Grants Houses, Peterlee, County Durham, SR8 3SY	£82,000	£79,000	-£3,000	13 Sep 2024	25 Oct 2024	42 Days
19 Kilnhill Walk, Peterlee, County Durham, SR8 5PJ	£69,950	£69,950	£00	03 Jul 2024	25 Oct 2024	114 Days
4 Angus Terrace, Peterlee, Durham, SR8 3SZ	£64,950	£50,000	-£14,950	05 Jul 2019	22 Oct 2024	1936 Days
24 The Coppice, Easington Colliery, Peterlee, County Durham, SR8 3NU	£209,999	£200,000	-£9,999	20 Jun 2024	21 Oct 2024	123 Days
1 Noble Street, Peterlee, County Durham, SR8 3LX	£65,000	£65,000	£00	02 May 2024	12 Aug 2024	102 Days
10 Hawes Road, Peterlee, County Durham, SR8 5HS	£89,950	£85,000	-£4,950	08 Apr 2024	09 Aug 2024	123 Days
68 The Coppice, Easington Colliery, Peterlee, County Durham, SR8 3NU	£215,000	£210,000	-£5,000	11 May 2024	09 Aug 2024	90 Days
32 Oakerside Drive, Peterlee, County Durham, SR8 1JN	£87,000	£85,000	-£2,000	22 Apr 2024	31 Jul 2024	100 Days
115 Hatfield Place, Peterlee, County Durham, SR8 5TE	£60,000	£60,000	£00	29 Nov 2023	24 Jul 2024	238 Days
1 Thomas Street, Easington Colliery, Peterlee, County Durham, SR8 3LT	£65,000	£62,500	-£2,500	22 Mar 2024	22 Jul 2024	122 Days
16 Thorpe Road, Easington, Peterlee, County Durham, SR8 3UA	£130,000	£127,500	-£2,500	20 Mar 2024	19 Jul 2024	121 Days
26 Garside Grove, Peterlee, County Durham, SR8 2QB	£185,000	£172,000	-£13,000	22 Feb 2024	19 Jul 2024	148 Days
5 Sea View, Easington, Peterlee, County Durham, SR8 3EJ	£40,000	£39,999	-£01	01 Feb 2024	28 Jun 2024	148 Days
19 Thirteenth Street, Horden, Peterlee, County Durham, SR8 4QP	£50,000	£50,000	£00	25 Mar 2024	28 Jun 2024	95 Days
23 Bradley Street, Peterlee, County Durham, SR8 3SB	£50,000	£47,000	-£3,000	25 Mar 2024	28 Jun 2024	95 Days
2 Donerston Grove, Peterlee, County Durham, SR8 1QH	£225,000	£220,000	-£5,000	20 Dec 2022	28 Jun 2024	556 Days

Most Expensive Streets in SR8 (Peterlee)

Postcode	Street	Area	Average	No. of Sales
SR8 3UD	Littlethorpe	Peterlee	£360,859	4
SR8 1LU	Brancepeth Chare	Peterlee	£357,500	3
SR8 1NQ	Berwick Chase	Peterlee	£323,487	4
SR8 1NN	Marwood Grove	Peterlee	£307,500	6
SR8 1PJ	Egremont Grove	Peterlee	£303,333	3
SR8 3UY	Nursery Gardens, Easington	Peterlee	£302,316	3
SR8 3UZ	Brook Fields, Littlethorpe	Peterlee	£301,593	8
SR8 2NH	Lorimers Close	Peterlee	£284,687	8
SR8 1PW	Askerton Drive	Peterlee	£284,400	5
SR8 1NE	Elsdon Close	Peterlee	£283,250	8

Least Expensive Streets in SR8 (Peterlee)

Postcode	Street	Area	Average	No. of Sales
SR8 4LZ	Ninth Street	Peterlee	£27,769	13
SR8 4JX	Sixth Street	Peterlee	£30,635	24
SR8 4JQ	Seventh Street	Peterlee	£31,836	22
SR8 4NF	Tees Street	Peterlee	£31,946	14
SR8 4LY	Eighth Street	Peterlee	£32,233	22
SR8 4QQ	Eleventh Street	Peterlee	£33,301	30
SR8 4QH	Twelfth Street	Peterlee	£33,513	21
SR8 4LA	Fifth Street	Peterlee	£34,706	24
SR8 4NA	Warren Street	Peterlee	£35,103	16
SR8 4QP	Thirteenth Street	Peterlee	£35,305	9