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

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

32 SEVERN CLOSE is a small detached house of 90m², built sometime between 1991 and 1995. It was last sold for £85,400 in September 2022, which was around 60% 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	£213,667	60% below HPI
2014 17 NOV	£65,000	£153,815	58% below HPI
1996 3 JUL	£42,000	£68,709	39% 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 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the September 2022 sale, where it falls to 60% below the HPI. The line then continues to track at 60% below the HPI.

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 in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 32 SEVERN CLOSE lies on this distribution: 33% of detached 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.