1, THORPE COTTAGES, PARADISE LANE, PETERLEE, SR8 3EX - £130,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 THORPE COTTAGES is a midsized detached house of 105m², built sometime before 1900. It was last sold for £130,000 in February 2016, which was around 19% below the average February 2016 detached price in the County Durham local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was B.

1 THORPE COTTAGES Sold Prices

Land registry data shows three sales for 1 THORPE COTTAGES 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 THORPE COTTAGES 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
2016 10 FEB	£130,000	£160,165	19% below HPI
2007 29 MAR	£171,000	£181,619	6% below HPI
1995 20 MAR	£39,000	£65,520	40% below HPI

1 THORPE COTTAGES 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 THORPE COTTAGES sales between March 1995 and February 2016 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 March 2007 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2016 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 1 THORPE COTTAGES?

1 THORPE COTTAGES is 105m² according to the EPC inspection conducted in April 2015. This puts it in the largest 50% of detached houses in Easington, based on EPC data. The below chart shows the distribution of detached houses by size in Easington, and where 1 THORPE COTTAGES lies on this distribution: 53% of detached houses are smaller than 1 THORPE COTTAGES, and 47% of houses are larger. Note that EPC data is not available for all properties in Easington.

1 THORPE COTTAGES: Plot and Title Map

1 THORPE COTTAGES sits on a plot of roughly 0.260 of an acre, or 1,051m². The below map shows the location of 1 THORPE COTTAGES, 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 THORPE COTTAGES). 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 THORPE COTTAGES?

1 THORPE COTTAGES is located on PARADISE LANE in PETERLEE, in the SR8 postcode district. The below map shows the position of 1 THORPE COTTAGES on PARADISE LANE.