3, WESTMORLAND RISE, PETERLEE, SR8 2EX - £122,050

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 WESTMORLAND RISE is a large extended detached house of 112m², built sometime between 1967 and 1975. It was last sold for £122,050 in November 2017, which was around 28% below the average November 2017 detached price in the County Durham local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

3 WESTMORLAND RISE Sold Prices

Land registry data shows three sales for 3 WESTMORLAND RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 3 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
2017 24 NOV	£122,050	£169,384	28% below HPI
2005 9 SEP	£105,000	£173,801	40% below HPI
2000 10 FEB	£56,000	£78,366	29% below HPI

3 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 three 3 WESTMORLAND RISE sales between February 2000 and November 2017 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 September 2005 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the November 2017 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 3 WESTMORLAND RISE?

3 WESTMORLAND RISE is 112m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the largest 40% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 3 WESTMORLAND RISE lies on this distribution: 61% of detached houses are smaller than 3 WESTMORLAND RISE, and 38% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

3 WESTMORLAND RISE: Plot and Title Map

3 WESTMORLAND RISE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 3 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 3 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 3 WESTMORLAND RISE?

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