2, BRANDLINGS WAY, PETERLEE, SR8 5PX - £83,000

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

2 BRANDLINGS WAY is a very small detached house of 64m², built sometime between 1950 and 1966. It was last sold for £83,000 in August 2009, which was around 50% below the average August 2009 detached price in the County Durham local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

2 BRANDLINGS WAY Sold Prices

Land registry data shows four sales for 2 BRANDLINGS WAY 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 2 BRANDLINGS WAY 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
2009 21 AUG	£83,000	£166,839	50% below HPI
2008 15 DEC	£58,000	£172,233	66% below HPI
1997 11 JUL	£37,500	£71,923	48% below HPI
1996 26 APR	£38,000	£65,968	42% below HPI

2 BRANDLINGS WAY 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 2 BRANDLINGS WAY sales between April 1996 and August 2009 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 2008 sale was for 66% below the HPI. So the extrapolation line tracks at 66% below the HPI over time, until the August 2009 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 2 BRANDLINGS WAY?

2 BRANDLINGS WAY is 64m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 2 BRANDLINGS WAY lies on this distribution: 1% of detached houses are smaller than 2 BRANDLINGS WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

2 BRANDLINGS WAY: Plot and Title Map

2 BRANDLINGS WAY sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 2 BRANDLINGS WAY, 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 2 BRANDLINGS WAY). 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 2 BRANDLINGS WAY?

2 BRANDLINGS WAY is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 2 on BRANDLINGS WAY.