24, SKERNE CLOSE, PETERLEE, SR8 1HS - £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

24 SKERNE CLOSE is a very small detached house of 80m², built sometime between 1976 and 1982, which could now be worth an estimated £151,186. It was last sold for £105,000 in October 2013, which was around 36% below the average October 2013 detached price in the County Durham local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

24 SKERNE CLOSE Sold Prices

Land registry data shows two sales for 24 SKERNE CLOSE 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 24 SKERNE 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
2013 30 OCT	£105,000	£162,919	36% below HPI
1999 13 OCT	£41,000	£79,572	48% below HPI

24 SKERNE 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 two 24 SKERNE CLOSE sales from October 1999 and October 2013 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 1999 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the October 2013 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 24 SKERNE CLOSE be worth now?

24 SKERNE CLOSE might now be worth an estimated £151,186.

This is based on house price inflation of 44%, between October 2013 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 44% inflationary increase is applied to the most recent sale price for 24 SKERNE CLOSE of £105,000 on 30th October 2013. For the value to have increased from £105,000 to £151,186 over the ten years and ten months to December 2024, the following assumptions must hold true:

• The value of 24 SKERNE CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2013 sale price of £105,000 represented a fair market value for the property.
• The size, condition, and specification of 24 SKERNE CLOSE has not materially changed since October 2013.

How Large is 24 SKERNE CLOSE?

24 SKERNE CLOSE is 80m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 20% 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 24 SKERNE CLOSE lies on this distribution: 16% of detached houses houses are smaller than 24 SKERNE CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

24 SKERNE CLOSE: Plot and Title Map

24 SKERNE CLOSE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 24 SKERNE 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 24 SKERNE 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 24 SKERNE CLOSE?

24 SKERNE CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 24 on SKERNE CLOSE.