28, WESTMORLAND RISE, PETERLEE, SR8 2EX - £79,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

28 WESTMORLAND RISE is a very small detached house of 67m², built sometime between 1950 and 1966. It was last sold for £79,500 in August 2024, which was around 63% below the average August 2024 detached price in the County Durham local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was C.

28 WESTMORLAND RISE Sold Prices

Land registry data shows two sales for 28 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 28 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
2024 23 AUG	£79,500	£212,493	63% below HPI
2021 26 NOV	£75,000	£201,394	63% below HPI

28 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 28 WESTMORLAND RISE sales from November 2021 and August 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 November 2021 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the August 2024 sale, which was also at 63% below the HPI.

How Large is 28 WESTMORLAND RISE?

28 WESTMORLAND RISE is 67m² according to the EPC inspection conducted in February 2024. 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 28 WESTMORLAND RISE lies on this distribution: 3% of detached houses are smaller than 28 WESTMORLAND RISE, and 97% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

28 WESTMORLAND RISE: Plot and Title Map

28 WESTMORLAND RISE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 28 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 28 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 28 WESTMORLAND RISE?

28 WESTMORLAND RISE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 28 on WESTMORLAND RISE.