60, LANCASTER HILL, PETERLEE, SR8 2EH - £65,000

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.

60 LANCASTER HILL is a small detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £87,020. It was last sold for £65,000 in September 2019, which was around 63% below the average September 2019 detached price in the County Durham local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was B.

60 LANCASTER HILL Sold Prices

Land registry data shows four sales for 60 LANCASTER HILL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the four 60 LANCASTER HILL 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
2019 12 SEP	£65,000	£176,862	63% below HPI
2003 26 SEP	£62,125	£124,253	50% below HPI
2002 1 NOV	£48,000	£103,128	53% below HPI
1996 20 SEP	£34,000	£69,825	51% below HPI

60 LANCASTER HILL 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 four 60 LANCASTER HILL sales between September 1996 and September 2019 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 2003 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the September 2019 sale, where it falls to 63% below the HPI. The line then continues to track at 63% below the HPI.

What might 60 LANCASTER HILL be worth now?

60 LANCASTER HILL might now be worth an estimated £87,020.

This is based on house price inflation of 33.9%, between September 2019 and March 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 33.9% inflationary increase is applied to the most recent sale price for 60 LANCASTER HILL of £65,000 on 12th September 2019. For the value to have increased from £65,000 to £87,020 over the six years and six months to March 2025, the following assumptions must hold true:

• The value of 60 LANCASTER HILL has moved in line with the HPI for detached houses in the County Durham local authority area.
• The September 2019 sale price of £65,000 represented a fair market value for the property.
• The size, condition, and specification of 60 LANCASTER HILL has not materially changed since September 2019.

How Large is 60 LANCASTER HILL?

60 LANCASTER HILL is 85m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 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 60 LANCASTER HILL lies on this distribution: 22% of detached houses houses are smaller than 60 LANCASTER HILL, and 76% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

60 LANCASTER HILL: Plot and Title Map

60 LANCASTER HILL sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 60 LANCASTER HILL, 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 60 LANCASTER HILL). 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 60 LANCASTER HILL?

60 LANCASTER HILL is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 60 on LANCASTER HILL.