32, SEVERN CLOSE, PETERLEE, SR8 1JY - £85,400

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

32 SEVERN CLOSE is a small detached house of 90m², built sometime between 1991 and 1995, which could now be worth an estimated £91,825. It was last sold for £85,400 in September 2022, which was around 61% below the average September 2022 detached price in the County Durham local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

32 SEVERN CLOSE Sold Prices

Land registry data shows three sales for 32 SEVERN CLOSE 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 32 SEVERN 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
2022 30 SEP	£85,400	£219,639	61% below HPI
2014 17 NOV	£65,000	£158,113	59% below HPI
1996 3 JUL	£42,000	£70,629	41% below HPI

32 SEVERN 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 three 32 SEVERN CLOSE sales between July 1996 and September 2022 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 2014 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the September 2022 sale, where it falls to 61% below the HPI. The line then continues to track at 61% below the HPI.

What might 32 SEVERN CLOSE be worth now?

32 SEVERN CLOSE might now be worth an estimated £91,825.

This is based on house price inflation of 7.5%, between September 2022 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 7.5% inflationary increase is applied to the most recent sale price for 32 SEVERN CLOSE of £85,400 on 30th September 2022. For the value to have increased from £85,400 to £91,825 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 32 SEVERN CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The September 2022 sale price of £85,400 represented a fair market value for the property.
• The size, condition, and specification of 32 SEVERN CLOSE has not materially changed since September 2022.

How Large is 32 SEVERN CLOSE?

32 SEVERN CLOSE is 90m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 40% 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 32 SEVERN CLOSE lies on this distribution: 33% of detached houses houses are smaller than 32 SEVERN CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

32 SEVERN CLOSE: Plot and Title Map

32 SEVERN CLOSE sits on a plot of roughly 0.021 of an acre, or 85m². The below map shows the location of 32 SEVERN 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 32 SEVERN 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 32 SEVERN CLOSE?

32 SEVERN CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 32 on SEVERN CLOSE.