HILLCREST, ELM TERRACE, PETERLEE, SR8 4JR - £142,000

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

HILLCREST is a midsized extended detached house of 107m², built sometime between 1900 and 1929, which could now be worth an estimated £176,364. It was last sold for £142,000 in June 2007, which was around 25% below the average June 2007 detached price in the County Durham local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

HILLCREST Sold Prices

Land registry data shows three sales for HILLCREST 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 HILLCREST 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
2007 29 JUN	£142,000	£188,874	25% below HPI
2002 28 MAR	£68,000	£88,539	23% below HPI
1999 28 JUL	£45,500	£77,237	41% below HPI

HILLCREST 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 HILLCREST sales between July 1999 and June 2007 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 2002 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2007 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might HILLCREST be worth now?

HILLCREST might now be worth an estimated £176,364.

This is based on house price inflation of 24.2%, between June 2007 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 24.2% inflationary increase is applied to the most recent sale price for HILLCREST of £142,000 on 29th June 2007. For the value to have increased from £142,000 to £176,364 over the sixteen years and six months to December 2024, the following assumptions must hold true:

• The value of HILLCREST has moved in line with the HPI for detached houses in the County Durham local authority area.
• The June 2007 sale price of £142,000 represented a fair market value for the property.
• The size, condition, and specification of HILLCREST has not materially changed since June 2007.

How Large is HILLCREST?

HILLCREST is 107m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 50% of detached houses houses in Horden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horden, and where HILLCREST lies on this distribution: 44% of detached houses houses are smaller than HILLCREST, and 56% of houses are larger. Note that EPC data is not available for all properties in Horden.

HILLCREST: Plot and Title Map

HILLCREST sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of HILLCREST, 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 HILLCREST). 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 HILLCREST?

HILLCREST is located on ELM TERRACE in PETERLEE, in the SR8 postcode district. The below map shows the position of HILLCREST on ELM TERRACE.