58, LAKEMORE, PETERLEE, SR8 1DZ - £124,000

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

58 LAKEMORE is a large detached house of 121m², built sometime between 1967 and 1975, which could now be worth an estimated £175,676. It was last sold for £124,000 in October 2015, which was around 25% below the average October 2015 detached price in the County Durham local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

58 LAKEMORE Sold Prices

Land registry data shows two sales for 58 LAKEMORE 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 58 LAKEMORE 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
2015 14 OCT	£124,000	£165,578	25% below HPI
1996 14 OCT	£30,000	£70,985	58% below HPI

58 LAKEMORE 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 58 LAKEMORE sales from October 1996 and October 2015 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 1996 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the October 2015 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 58 LAKEMORE be worth now?

58 LAKEMORE might now be worth an estimated £175,676.

This is based on house price inflation of 41.7%, between October 2015 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 41.7% inflationary increase is applied to the most recent sale price for 58 LAKEMORE of £124,000 on 14th October 2015. For the value to have increased from £124,000 to £175,676 over the eight years and ten months to December 2024, the following assumptions must hold true:

• The value of 58 LAKEMORE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2015 sale price of £124,000 represented a fair market value for the property.
• The size, condition, and specification of 58 LAKEMORE has not materially changed since October 2015.

How Large is 58 LAKEMORE?

58 LAKEMORE is 121m² according to the EPC inspection conducted in October 2013. This puts it in the largest 30% 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 58 LAKEMORE lies on this distribution: 70% of detached houses houses are smaller than 58 LAKEMORE, and 29% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

58 LAKEMORE: Plot and Title Map

58 LAKEMORE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 58 LAKEMORE, 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 58 LAKEMORE). 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 58 LAKEMORE?

58 LAKEMORE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 58 on LAKEMORE.