3, LORIMERS CLOSE, PETERLEE, SR8 2NH - £465,000

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

3 LORIMERS CLOSE is a very large detached house of 345m², built sometime between 2003 and 2006, which could now be worth an estimated £479,639. It was last sold for £465,000 in November 2024, which was around 103% above the average November 2024 detached price in the County Durham local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was C.

3 LORIMERS CLOSE Sold Prices

Land registry data shows two sales for 3 LORIMERS 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 3 LORIMERS CLOSE 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
2024 20 NOV	£465,000	£228,956	103% above HPI
2007 23 JAN	£235,000	£187,732	25% above HPI

3 LORIMERS 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 3 LORIMERS CLOSE sales from January 2007 and November 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 January 2007 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the November 2024 sale, where it rises to 103% above the HPI. The line then continues to track at 103% above the HPI.

What might 3 LORIMERS CLOSE be worth now?

3 LORIMERS CLOSE might now be worth an estimated £479,639.

This is based on house price inflation of 3.1%, between November 2024 and February 2025, 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 3.1% inflationary increase is applied to the most recent sale price for 3 LORIMERS CLOSE of £465,000 on 20th November 2024. For the value to have increased from £465,000 to £479,639 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 3 LORIMERS CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The November 2024 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LORIMERS CLOSE has not materially changed since November 2024.

How Large is 3 LORIMERS CLOSE?

3 LORIMERS CLOSE is 345m² according to the EPC inspection conducted in March 2015. This puts it in the largest 10% 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 3 LORIMERS CLOSE lies on this distribution: More than 99% of detached houses houses are smaller than 3 LORIMERS CLOSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

3 LORIMERS CLOSE: Plot and Title Map

3 LORIMERS CLOSE sits on a plot of roughly 0.225 of an acre, or 911m². The below map shows the location of 3 LORIMERS 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 3 LORIMERS 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 3 LORIMERS CLOSE?

3 LORIMERS CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 3 on LORIMERS CLOSE.