1, MARWOOD GROVE, PETERLEE, SR8 1NN - £425,000

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.

1 MARWOOD GROVE is a very large detached house of 187m², built sometime between 2003 and 2006, which could now be worth an estimated £463,268. It was last sold for £425,000 in August 2022, which was around 96% above the average August 2022 detached price in the County Durham local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was C.

1 MARWOOD GROVE Sold Prices

Land registry data shows three sales for 1 MARWOOD GROVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 1 MARWOOD GROVE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 26 AUG	£425,000	£216,656	96% above HPI
2020 30 NOV	£310,000	£184,160	68% above HPI
2005 19 AUG	£200,000	£175,709	14% above HPI

1 MARWOOD GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The three 1 MARWOOD GROVE sales between August 2005 and August 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2020 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the August 2022 sale, where it rises to 96% above the HPI. The line then continues to track at 96% above the HPI.

What might 1 MARWOOD GROVE be worth now?

1 MARWOOD GROVE might now be worth an estimated £463,268.

This is based on house price inflation of 9%, between August 2022 and February 2025, for detached 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 9% inflationary increase is applied to the most recent sale price for 1 MARWOOD GROVE of £425,000 on 26th August 2022. For the value to have increased from £425,000 to £463,268 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 1 MARWOOD GROVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2022 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MARWOOD GROVE has not materially changed since August 2022.

How Large is 1 MARWOOD GROVE?

1 MARWOOD GROVE is 187m² according to the EPC inspection conducted in August 2016. This puts it in the largest 10% of detached houses houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterlee, and where 1 MARWOOD GROVE lies on this distribution: 93% of detached houses houses are smaller than 1 MARWOOD GROVE, and 7% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

1 MARWOOD GROVE: Plot and Title Map

1 MARWOOD GROVE sits on a plot of roughly 0.193 of an acre, or 782m². The below map shows the location of 1 MARWOOD GROVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MARWOOD GROVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MARWOOD GROVE?

1 MARWOOD GROVE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 1 on MARWOOD GROVE.