1, SPRINGBANK, PETERLEE, SR8 1FA - £180,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 SPRINGBANK is a very small detached house of 79m², which could now be worth an estimated £189,299. It was last sold for £180,000 in December 2022, which was around 19% below the average December 2022 detached price in the County Durham local authority area. The most recent EPC inspection was November 2016, where the current energy rating was B, and the potential energy rating was A.

1 SPRINGBANK Sold Prices

Land registry data shows four sales for 1 SPRINGBANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Most of the four 1 SPRINGBANK sales were for below 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 5 DEC	£180,000	£223,058	19% below HPI
2020 28 AUG	£165,000	£174,276	5% below HPI
2018 26 OCT	£170,000	£177,692	4% below HPI
2016 25 NOV	£169,950	£167,664	1% above HPI

1 SPRINGBANK 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 four 1 SPRINGBANK sales between November 2016 and December 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 August 2020 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2022 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 1 SPRINGBANK be worth now?

1 SPRINGBANK might now be worth an estimated £189,299.

This is based on house price inflation of 5.2%, between December 2022 and December 2024, 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 5.2% inflationary increase is applied to the most recent sale price for 1 SPRINGBANK of £180,000 on 5th December 2022. For the value to have increased from £180,000 to £189,299 over the two years to December 2024, the following assumptions must hold true:

• The value of 1 SPRINGBANK has moved in line with the HPI for detached houses in the County Durham local authority area.
• The December 2022 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SPRINGBANK has not materially changed since December 2022.

How Large is 1 SPRINGBANK?

1 SPRINGBANK is 79m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% 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 SPRINGBANK lies on this distribution: 14% of detached houses houses are smaller than 1 SPRINGBANK, and 85% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

1 SPRINGBANK: Plot and Title Map

1 SPRINGBANK sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 1 SPRINGBANK, 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 SPRINGBANK). 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 SPRINGBANK?

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