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House Prices in SR8 House Prices in SR8 (Peterlee)

The average house price in SR8 (Peterlee) is £91,302 using HM Land Registry data.

The average property price increased by £9,161 (15.85%) over the last 5 years and increased by £1,836 (2.57%) over the last 12 months.

Over the last year, there were 356 residential property sales – a decrease of 222 transactions (-62.36%) relative to the previous year. The majority of house sales (112) were in the £66,000 - £102,000 range. Then came properties in the £30,000 - £66,000 range, where 105 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,178 (-2%).

In Oct 24, there were 78 new estate agency instructions, 82 agreed home sales and 64 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 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.

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) - Oct 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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
6 Fairport Terrace, Grants Houses, Peterlee, County Durham, SR8 3SY£75,000£72,000-£3,00008 Jan 202420 May 2024133 Days
20a, Glebe Terrace, Peterlee, County Durham, SR8 3DH£75,000£66,000-£9,00031 Jan 202420 May 2024110 Days
2 Stockton Road, Easington, Peterlee, County Durham, SR8 3AY£230,000£230,000£0021 Feb 202410 May 202479 Days
55 Maritime Crescent, Grants Houses, Peterlee, County Durham, SR8 3SX£99,950£99,950£0027 Nov 202329 Apr 2024154 Days
15 Shrewsbury Close, Peterlee, County Durham, SR8 2NZ£185,000£185,000£0022 Sep 202329 Apr 2024220 Days
88 Oak Road, Easington Colliery, Peterlee, County Durham, SR8 3HU£85,000£85,000£0017 May 202326 Apr 2024345 Days
17 Edward Avenue, Horden, Peterlee, County Durham, SR8 4RQ£95,000£90,000-£5,00019 Jan 202424 Apr 202496 Days
23 Edward Avenue, Horden, Peterlee, County Durham, SR8 4RQ£75,000£70,000-£5,00012 Jan 202412 Apr 202491 Days
13 Edward Avenue, Horden, Peterlee, County Durham, SR8 4RQ£85,000£83,000-£2,00014 Jan 202411 Apr 202488 Days
54 Berwick Chase, Peterlee, County Durham, SR8 1NQ£379,999£375,000-£4,99927 Nov 202311 Apr 2024136 Days
8 Chillingham Grove, Peterlee, County Durham, SR8 1QJ£180,000£180,000£0012 Dec 202328 Mar 2024107 Days
14 West View, Horden, Peterlee, County Durham, SR8 4DS£79,950£78,000-£1,95029 Feb 202425 Mar 202425 Days
10 Burnside Avenue, Horden, Peterlee, County Durham, SR8 4SU£85,000£83,000-£2,00002 Oct 202320 Mar 2024170 Days
10 Springfield Terrace, Grants Houses, Peterlee, County Durham, SR8 3TB£67,500£67,000-£50017 Nov 202315 Mar 2024119 Days
24 Corby Grove, Peterlee, County Durham, SR8 1PY£179,950£177,000-£2,95007 Nov 202308 Mar 2024122 Days
36 Thames Road, Peterlee, County Durham, SR8 1DT£79,950£77,500-£2,45008 Jul 202301 Mar 2024237 Days
8 Culloden Terrace, Grants Houses, Peterlee, County Durham, SR8 3TD£118,000£110,000-£8,00002 May 202326 Feb 2024300 Days
3 Oak Terrace, Horden, Peterlee, County Durham, SR8 4JT£89,950£80,000-£9,95011 Jul 202309 Feb 2024213 Days
5 Laburnum Crescent, Peterlee, County Durham, SR8 3AA£70,000£54,000-£16,00007 Jun 202309 Feb 2024247 Days
23 Willerby Grove, Peterlee, County Durham, SR8 2RN£167,500£165,500-£2,00013 Nov 202308 Feb 202487 Days

Most Expensive Streets in SR8 (Peterlee)

PostcodeStreetAreaAverageNo. of Sales
SR8 3USStonelea Court, EasingtonPeterlee£395,0003
SR8 3UDLittlethorpePeterlee£374,0003
SR8 1LUBrancepeth CharePeterlee£357,5003
SR8 1NQBerwick ChasePeterlee£323,4874
SR8 1NNMarwood GrovePeterlee£307,5006
SR8 3UZBrook Fields, LittlethorpePeterlee£302,5279
SR8 3UYNursery Gardens, EasingtonPeterlee£296,7374
SR8 1PWAskerton DrivePeterlee£284,4005
SR8 1NDNorham DrivePeterlee£278,9833
SR8 2NHLorimers ClosePeterlee£276,0559

Least Expensive Streets in SR8 (Peterlee)

PostcodeStreetAreaAverageNo. of Sales
SR8 4LZNinth StreetPeterlee£27,46113
SR8 4NAWarren StreetPeterlee£29,50817
SR8 4JXSixth StreetPeterlee£30,09022
SR8 4LYEighth StreetPeterlee£30,61920
SR8 4JQSeventh StreetPeterlee£30,69625
SR8 4NFTees StreetPeterlee£31,94614
SR8 4QHTwelfth StreetPeterlee£32,06420
SR8 4QPThirteenth StreetPeterlee£32,1568
SR8 4QQEleventh StreetPeterlee£33,30130
SR8 4LAFifth StreetPeterlee£34,07323

Explore SR8 (Peterlee) using map

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