108, WESTMORLAND RISE, PETERLEE, SR8 2ES - £80,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

108 WESTMORLAND RISE is a midsized extended detached house of 98m², built sometime between 1967 and 1975. It was last sold for £80,000 in August 2018, which was around 53% below the average August 2018 detached price in the County Durham local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

108 WESTMORLAND RISE Sold Prices

Land registry data shows three sales for 108 WESTMORLAND RISE 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 108 WESTMORLAND RISE 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
2018 8 AUG	£80,000	£169,680	53% below HPI
2014 7 NOV	£68,000	£153,815	56% below HPI
1998 10 MAR	£32,500	£70,863	54% below HPI

108 WESTMORLAND RISE 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 108 WESTMORLAND RISE sales between March 1998 and August 2018 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 2014 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the August 2018 sale, where it rises to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 108 WESTMORLAND RISE?

108 WESTMORLAND RISE is 98m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 50% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 108 WESTMORLAND RISE lies on this distribution: 42% of detached houses are smaller than 108 WESTMORLAND RISE, and 57% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

108 WESTMORLAND RISE: Plot and Title Map

108 WESTMORLAND RISE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 108 WESTMORLAND RISE, 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 108 WESTMORLAND RISE). 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 108 WESTMORLAND RISE?

108 WESTMORLAND RISE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 108 on WESTMORLAND RISE.