13, LORIMERS CLOSE, PETERLEE, SR8 2NH - £370,000

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

13 LORIMERS CLOSE is a very large extended detached house of 232m², built sometime between 1983 and 1990. It was last sold for £370,000 in May 2023, which was around 78% above the average May 2023 detached price in the County Durham local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

13 LORIMERS CLOSE Sold Prices

Land registry data shows five sales for 13 LORIMERS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the five 13 LORIMERS CLOSE 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
2023 30 MAY	£370,000	£208,345	78% above HPI
2015 21 DEC	£340,000	£164,442	107% above HPI
2007 15 FEB	£290,000	£186,896	55% above HPI
2002 22 NOV	£215,000	£103,128	108% above HPI
1997 16 MAY	£99,000	£70,111	41% above HPI

13 LORIMERS 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 five 13 LORIMERS CLOSE sales between May 1997 and May 2023 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 December 2015 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the May 2023 sale, where it falls to 78% above the HPI. The line then continues to track at 78% above the HPI.

What might 13 LORIMERS CLOSE be worth now?

13 LORIMERS CLOSE might now be worth an estimated £416,593.

This is based on house price inflation of 12.6%, between May 2023 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 12.6% inflationary increase is applied to the most recent sale price for 13 LORIMERS CLOSE of £370,000 on 30th May 2023. For the value to have increased from £370,000 to £416,593 over the five months to December 2024, the following assumptions must hold true:

• The value of 13 LORIMERS CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The May 2023 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 13 LORIMERS CLOSE has not materially changed since May 2023.

How Large is 13 LORIMERS CLOSE?

13 LORIMERS CLOSE is 232m², which includes two extensions, according to the EPC inspection conducted in August 2022. 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 13 LORIMERS CLOSE lies on this distribution: 97% of detached houses houses are smaller than 13 LORIMERS CLOSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

13 LORIMERS CLOSE: Plot and Title Map

13 LORIMERS CLOSE sits on a plot of roughly 0.157 of an acre, or 635m². The below map shows the location of 13 LORIMERS 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 13 LORIMERS 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 13 LORIMERS CLOSE?

13 LORIMERS CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 13 on LORIMERS CLOSE.