20, TWEED CLOSE, PETERLEE, SR8 1DF - £73,000

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

20 TWEED CLOSE is a small detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £77,966. It was last sold for £73,000 in September 2022, which was around 67% below the average September 2022 detached price in the County Durham local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

20 TWEED CLOSE Sold Prices

Land registry data shows three sales for 20 TWEED 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 20 TWEED 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
2022 8 SEP	£73,000	£219,639	67% below HPI
2006 17 NOV	£81,950	£187,575	56% below HPI
1998 17 AUG	£31,000	£75,444	59% below HPI

20 TWEED 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 20 TWEED CLOSE sales between August 1998 and September 2022 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 November 2006 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the September 2022 sale, where it falls to 67% below the HPI. The line then continues to track at 67% below the HPI.

What might 20 TWEED CLOSE be worth now?

20 TWEED CLOSE might now be worth an estimated £77,966.

This is based on house price inflation of 6.8%, between September 2022 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 6.8% inflationary increase is applied to the most recent sale price for 20 TWEED CLOSE of £73,000 on 8th September 2022. For the value to have increased from £73,000 to £77,966 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of 20 TWEED CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The September 2022 sale price of £73,000 represented a fair market value for the property.
• The size, condition, and specification of 20 TWEED CLOSE has not materially changed since September 2022.

How Large is 20 TWEED CLOSE?

20 TWEED CLOSE is 84m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% 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 20 TWEED CLOSE lies on this distribution: 21% of detached houses houses are smaller than 20 TWEED CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

20 TWEED CLOSE: Plot and Title Map

20 TWEED CLOSE sits on a plot of roughly 0.027 of an acre, or 111m². The below map shows the location of 20 TWEED 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 20 TWEED 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 20 TWEED CLOSE?

20 TWEED CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 20 on TWEED CLOSE.