3, OXFORD CLOSE, PETERLEE, SR8 2EF - £156,500

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 OXFORD CLOSE is a very small detached house of 79m², which could now be worth an estimated £214,847. It was last sold for £156,500 in February 2020, which was around 8% below the average February 2020 detached price in the County Durham local authority area. The most recent EPC inspection was November 2015, where the current energy rating was B, and the potential energy rating was A.

3 OXFORD CLOSE Sold Prices

Land registry data shows two sales for 3 OXFORD 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 OXFORD 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
2020 7 FEB	£156,500	£170,875	8% below HPI
2015 30 OCT	£142,450	£165,578	14% below HPI

3 OXFORD 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 OXFORD CLOSE sales from October 2015 and February 2020 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 2015 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2020 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 3 OXFORD CLOSE be worth now?

3 OXFORD CLOSE might now be worth an estimated £214,847.

This is based on house price inflation of 37.3%, between February 2020 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 37.3% inflationary increase is applied to the most recent sale price for 3 OXFORD CLOSE of £156,500 on 7th February 2020. For the value to have increased from £156,500 to £214,847 over the three years and two months to December 2024, the following assumptions must hold true:

• The value of 3 OXFORD CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The February 2020 sale price of £156,500 represented a fair market value for the property.
• The size, condition, and specification of 3 OXFORD CLOSE has not materially changed since February 2020.

How Large is 3 OXFORD CLOSE?

3 OXFORD CLOSE is 79m² according to the EPC inspection conducted in November 2015. 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 3 OXFORD CLOSE lies on this distribution: 14% of detached houses houses are smaller than 3 OXFORD CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

3 OXFORD CLOSE: Plot and Title Map

3 OXFORD CLOSE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 3 OXFORD 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 OXFORD 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 OXFORD CLOSE?

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