27, SPRINGBANK, PETERLEE, SR8 1FA - £219,000

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

27 SPRINGBANK is a midsized detached house of 102m². It was last sold for £219,000 in August 2021, which was around 8% above the average August 2021 detached price in the County Durham local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

27 SPRINGBANK Sold Prices

Land registry data shows two sales for 27 SPRINGBANK 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 27 SPRINGBANK sales were for above 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
2021 13 AUG	£219,000	£202,233	8% above HPI
2015 29 JUN	£206,950	£166,800	24% above HPI

27 SPRINGBANK 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 27 SPRINGBANK sales from June 2015 and August 2021 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 2015 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the August 2021 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 27 SPRINGBANK be worth now?

27 SPRINGBANK might now be worth an estimated £254,030.

This is based on house price inflation of 16%, between August 2021 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 16% inflationary increase is applied to the most recent sale price for 27 SPRINGBANK of £219,000 on 13th August 2021. For the value to have increased from £219,000 to £254,030 over the two years and eight months to December 2024, the following assumptions must hold true:

• The value of 27 SPRINGBANK has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2021 sale price of £219,000 represented a fair market value for the property.
• The size, condition, and specification of 27 SPRINGBANK has not materially changed since August 2021.

How Large is 27 SPRINGBANK?

27 SPRINGBANK is 102m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 50% 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 27 SPRINGBANK lies on this distribution: 49% of detached houses houses are smaller than 27 SPRINGBANK, and 50% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

27 SPRINGBANK: Plot and Title Map

27 SPRINGBANK sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 27 SPRINGBANK, 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 27 SPRINGBANK). 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 27 SPRINGBANK?

27 SPRINGBANK is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 27 on SPRINGBANK.