2, CARROCK CLOSE, PETERLEE, SR8 1EE - £262,500

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

2 CARROCK CLOSE is a midsized detached house of 111m², built sometime between 1996 and 2002, which could now be worth an estimated £354,497. It was last sold for £262,500 in December 2017, which was around 51% above the average December 2017 detached price in the County Durham local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

2 CARROCK CLOSE Sold Prices

Land registry data shows two sales for 2 CARROCK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Both of the two 2 CARROCK 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
2017 8 DEC	£262,500	£173,704	51% above HPI
1998 16 OCT	£90,000	£75,681	19% above HPI

2 CARROCK 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 two 2 CARROCK CLOSE sales from October 1998 and December 2017 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 October 1998 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the December 2017 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 2 CARROCK CLOSE be worth now?

2 CARROCK CLOSE might now be worth an estimated £354,497.

This is based on house price inflation of 35%, between December 2017 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 35% inflationary increase is applied to the most recent sale price for 2 CARROCK CLOSE of £262,500 on 8th December 2017. For the value to have increased from £262,500 to £354,497 over the seven years to December 2024, the following assumptions must hold true:

• The value of 2 CARROCK CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The December 2017 sale price of £262,500 represented a fair market value for the property.
• The size, condition, and specification of 2 CARROCK CLOSE has not materially changed since December 2017.

How Large is 2 CARROCK CLOSE?

2 CARROCK CLOSE is 111m² according to the EPC inspection conducted in March 2016. This puts it in the largest 40% 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 2 CARROCK CLOSE lies on this distribution: 60% of detached houses houses are smaller than 2 CARROCK CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

2 CARROCK CLOSE: Plot and Title Map

2 CARROCK CLOSE sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of 2 CARROCK 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 2 CARROCK 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 2 CARROCK CLOSE?

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