21, SEVERN CLOSE, PETERLEE, SR8 1JY - £105,000

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

21 SEVERN CLOSE is a small detached house of 92m², built sometime between 1983 and 1990, which could now be worth an estimated £110,424. It was last sold for £105,000 in December 2022, which was around 53% below the average December 2022 detached price in the County Durham local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

21 SEVERN CLOSE Sold Prices

Land registry data shows four sales for 21 SEVERN CLOSE 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 21 SEVERN 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 1 DEC	£105,000	£223,058	53% below HPI
2019 14 JUN	£91,000	£175,794	48% below HPI
2017 18 APR	£75,500	£164,007	54% below HPI
2009 8 MAY	£62,000	£168,676	63% below HPI

21 SEVERN 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 four 21 SEVERN CLOSE sales between May 2009 and December 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 June 2019 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the December 2022 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might 21 SEVERN CLOSE be worth now?

21 SEVERN CLOSE might now be worth an estimated £110,424.

This is based on house price inflation of 5.2%, between December 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 5.2% inflationary increase is applied to the most recent sale price for 21 SEVERN CLOSE of £105,000 on 1st December 2022. For the value to have increased from £105,000 to £110,424 over the two years to December 2024, the following assumptions must hold true:

• The value of 21 SEVERN CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The December 2022 sale price of £105,000 represented a fair market value for the property.
• The size, condition, and specification of 21 SEVERN CLOSE has not materially changed since December 2022.

How Large is 21 SEVERN CLOSE?

21 SEVERN CLOSE is 92m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 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 21 SEVERN CLOSE lies on this distribution: 36% of detached houses houses are smaller than 21 SEVERN CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

21 SEVERN CLOSE: Plot and Title Map

21 SEVERN CLOSE sits on a plot of roughly 0.026 of an acre, or 104m². The below map shows the location of 21 SEVERN 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 21 SEVERN 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 21 SEVERN CLOSE?

21 SEVERN CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 21 on SEVERN CLOSE.