33, WESTMORLAND RISE, PETERLEE, SR8 2EX - £43,000

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

33 WESTMORLAND RISE is a very small detached house of 66m², built sometime between 1967 and 1975. It was last sold for £43,000 in January 2004, which was around 66% below the average January 2004 detached price in the County Durham local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was C.

33 WESTMORLAND RISE Sold Prices

Land registry data shows two sales for 33 WESTMORLAND RISE 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 33 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
2004 30 JAN	£43,000	£127,054	66% below HPI
1997 19 NOV	£25,000	£70,182	64% below HPI

33 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 two 33 WESTMORLAND RISE sales from November 1997 and January 2004 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 1997 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the January 2004 sale, where it falls to 66% below the HPI. The line then continues to track at 66% below the HPI.

How Large is 33 WESTMORLAND RISE?

33 WESTMORLAND RISE is 66m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 10% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 33 WESTMORLAND RISE lies on this distribution: 2% of detached houses are smaller than 33 WESTMORLAND RISE, and 97% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

33 WESTMORLAND RISE: Plot and Title Map

33 WESTMORLAND RISE sits on a plot of roughly 0.020 of an acre, or 79m². The below map shows the location of 33 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 33 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 33 WESTMORLAND RISE?

33 WESTMORLAND RISE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 33 on WESTMORLAND RISE.