8, LORIMERS CLOSE, PETERLEE, SR8 2NH - £207,000

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

8 LORIMERS CLOSE is a large extended detached house of 126m², built sometime between 1976 and 1982. It was last sold for £207,000 in July 2019, which was around 23% above the average July 2019 detached price in the County Durham local authority area. The most recent EPC inspection was April 2019, where the current energy rating was E, and the potential energy rating was C.

8 LORIMERS CLOSE Sold Prices

Land registry data shows two sales for 8 LORIMERS CLOSE 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 8 LORIMERS CLOSE sales were for above 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 19 JUL	£207,000	£168,728	23% above HPI
1996 15 MAR	£82,000	£66,065	24% above HPI

8 LORIMERS 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 two 8 LORIMERS CLOSE sales from March 1996 and July 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 March 1996 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the July 2019 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 8 LORIMERS CLOSE?

8 LORIMERS CLOSE is 126m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the largest 30% of detached houses in Peterlee, based on EPC data. The below chart shows the distribution of detached houses by size in Peterlee, and where 8 LORIMERS CLOSE lies on this distribution: 74% of detached houses are smaller than 8 LORIMERS CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Peterlee.

8 LORIMERS CLOSE: Plot and Title Map

8 LORIMERS CLOSE sits on a plot of roughly 0.160 of an acre, or 648m². The below map shows the location of 8 LORIMERS 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 8 LORIMERS 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 8 LORIMERS CLOSE?

8 LORIMERS CLOSE is located in PETERLEE, in the SR8 postcode district. The below map shows the position of No. 8 on LORIMERS CLOSE.