23, SEVERN CLOSE, PETERLEE, SR8 1JY - £100,224

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

23 SEVERN CLOSE is a small semi-detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £109,784. It was last sold for £100,224 in June 2024, which was around 19% below the average June 2024 semi-detached price in the County Durham local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was C.

23 SEVERN CLOSE Sold Prices

Land registry data shows four sales for 23 SEVERN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. Most of the four 23 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
2024 18 JUN	£100,224	£124,303	19% below HPI
2022 9 FEB	£105,000	£116,856	10% below HPI
2007 20 JUL	£93,000	£113,742	18% below HPI
1995 30 JUN	£41,000	£37,806	8% above HPI

23 SEVERN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The four 23 SEVERN CLOSE sales between June 1995 and June 2024 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 February 2022 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2024 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 23 SEVERN CLOSE be worth now?

23 SEVERN CLOSE might now be worth an estimated £109,784.

This is based on house price inflation of 9.5%, between June 2024 and February 2025, for semi-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 9.5% inflationary increase is applied to the most recent sale price for 23 SEVERN CLOSE of £100,224 on 18th June 2024. For the value to have increased from £100,224 to £109,784 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of 23 SEVERN CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The June 2024 sale price of £100,224 represented a fair market value for the property.
• The size, condition, and specification of 23 SEVERN CLOSE has not materially changed since June 2024.

How Large is 23 SEVERN CLOSE?

23 SEVERN CLOSE is 87m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 30% of semi-detached houses houses in Peterlee, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Peterlee, and where 23 SEVERN CLOSE lies on this distribution: 27% of semi-detached houses houses are smaller than 23 SEVERN CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

23 SEVERN CLOSE: Plot and Title Map

23 SEVERN CLOSE sits on a plot of roughly 0.042 of an acre, or 171m². The below map shows the location of 23 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 23 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 23 SEVERN CLOSE?

23 SEVERN CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 23 on SEVERN CLOSE.