12, MEDWAY CLOSE, PETERLEE, SR8 1EZ - £120,000

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

12 MEDWAY CLOSE is a very large detached house of 144m², built sometime between 1967 and 1975. It was last sold for £120,000 in January 2010, which was around 30% below the average January 2010 detached price in the County Durham local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was C.

12 MEDWAY CLOSE Sold Prices

Land registry data shows four sales for 12 MEDWAY CLOSE 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. All of the four 12 MEDWAY CLOSE 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
2010 22 JAN	£120,000	£171,139	30% below HPI
2008 5 SEP	£122,950	£188,877	35% below HPI
2004 15 SEP	£81,000	£155,060	48% below HPI
1998 9 JAN	£25,000	£71,513	65% below HPI

12 MEDWAY CLOSE 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 12 MEDWAY CLOSE sales between January 1998 and January 2010 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 September 2008 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the January 2010 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 12 MEDWAY CLOSE?

12 MEDWAY CLOSE is 144m² according to the EPC inspection conducted in July 2009. This puts it in the largest 20% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 12 MEDWAY CLOSE lies on this distribution: 84% of detached houses are smaller than 12 MEDWAY CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

12 MEDWAY CLOSE: Plot and Title Map

12 MEDWAY CLOSE sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 12 MEDWAY CLOSE, 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 12 MEDWAY CLOSE). 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 12 MEDWAY CLOSE?

12 MEDWAY CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 12 on MEDWAY CLOSE.