2, MITCHELL CLOSE, PETERLEE, SR8 2QA - £120,500

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 MITCHELL CLOSE is a very small detached house of 66m², built sometime between 1991 and 1995, which could now be worth an estimated £146,320. It was last sold for £120,500 in May 2021, which was around 38% below the average May 2021 detached price in the County Durham local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

2 MITCHELL CLOSE Sold Prices

Land registry data shows three sales for 2 MITCHELL CLOSE 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 2 MITCHELL 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
2021 14 MAY	£120,500	£193,186	38% below HPI
2006 20 OCT	£152,000	£188,045	19% below HPI
1997 13 JUN	£64,000	£71,835	11% below HPI

2 MITCHELL 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 three 2 MITCHELL CLOSE sales between June 1997 and May 2021 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 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2021 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 2 MITCHELL CLOSE be worth now?

2 MITCHELL CLOSE might now be worth an estimated £146,320.

This is based on house price inflation of 21.4%, between May 2021 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 21.4% inflationary increase is applied to the most recent sale price for 2 MITCHELL CLOSE of £120,500 on 14th May 2021. For the value to have increased from £120,500 to £146,320 over the two years and five months to December 2024, the following assumptions must hold true:

• The value of 2 MITCHELL CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The May 2021 sale price of £120,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MITCHELL CLOSE has not materially changed since May 2021.

How Large is 2 MITCHELL CLOSE?

2 MITCHELL CLOSE is 66m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 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 2 MITCHELL CLOSE lies on this distribution: 2% of detached houses houses are smaller than 2 MITCHELL CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

2 MITCHELL CLOSE: Plot and Title Map

2 MITCHELL CLOSE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 2 MITCHELL 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 MITCHELL 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 MITCHELL CLOSE?

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