22, WESTMORLAND RISE, PETERLEE, SR8 2EX - £65,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

22 WESTMORLAND RISE is a very small detached house of 68m², built sometime between 1976 and 1982. It was last sold for £65,500 in January 2014, which was around 58% below the average January 2014 detached price in the County Durham local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

22 WESTMORLAND RISE Sold Prices

Land registry data shows two sales for 22 WESTMORLAND RISE 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 22 WESTMORLAND RISE 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
2014 24 JAN	£65,500	£154,767	58% below HPI
2007 25 JUL	£81,950	£187,586	56% below HPI

22 WESTMORLAND RISE 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 22 WESTMORLAND RISE sales from July 2007 and January 2014 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 July 2007 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the January 2014 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

How Large is 22 WESTMORLAND RISE?

22 WESTMORLAND RISE is 68m² according to the EPC inspection conducted in August 2009. 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 22 WESTMORLAND RISE lies on this distribution: 3% of detached houses are smaller than 22 WESTMORLAND RISE, and 97% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

22 WESTMORLAND RISE: Plot and Title Map

22 WESTMORLAND RISE sits on a plot of roughly 0.033 of an acre, or 134m². The below map shows the location of 22 WESTMORLAND RISE, 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 22 WESTMORLAND RISE). 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 22 WESTMORLAND RISE?

22 WESTMORLAND RISE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 22 on WESTMORLAND RISE.