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House Prices in SR8

The average house price in SR8 (Peterlee) is £120,194 using HM Land Registry data.

The average property price increased by £18,292 (15.85%) over the last 5 years and increased by £3,656 (2.57%) over the last 12 months.

Over the last year, there were 444 residential property sales – a decrease of 126 transactions (-28.38%) relative to the previous year. The majority of house sales (147) were in the £68,000 - £106,000 range. Then came properties in the £30,000 - £68,000 range, where 130 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,178 (-2%).

In April 2024, there were 62 new estate agency instructions, 56 agreed home sales and 39 property price reductions.

5-Year Average Property Prices in SR8 (Peterlee)

15.85%

Property prices in Peterlee increased by 15.85% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SR8 (Peterlee) Over the Last Year

2.57%

Property prices in Peterlee increased by 2.57% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for SR8 (Peterlee) - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SR8 (Peterlee)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SR8 (Peterlee)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SR8 (Peterlee)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SR8 (Peterlee) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SR8 postcode area since 1995.

Recent Sales in SR8 (Peterlee)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
10 Springfield Terrace, Grants Houses, Peterlee, County Durham, SR8 3TB	£67,500	£67,000	-£500	17 Nov 2023	15 Mar 2024	119 Days
8 Culloden Terrace, Grants Houses, Peterlee, County Durham, SR8 3TD	£118,000	£110,000	-£8,000	02 May 2023	26 Feb 2024	300 Days
3 Oak Terrace, Horden, Peterlee, County Durham, SR8 4JT	£89,950	£80,000	-£9,950	11 Jul 2023	09 Feb 2024	213 Days
23 Willerby Grove, Peterlee, County Durham, SR8 2RN	£167,500	£165,500	-£2,000	13 Nov 2023	08 Feb 2024	87 Days
38 Willow Grove, Horden, Peterlee, County Durham, SR8 4SA	£169,950	£167,000	-£2,950	24 Oct 2023	02 Feb 2024	101 Days
2 Ash Crescent, Horden, Peterlee, County Durham, SR8 4JN	£63,500	£63,500	£00	18 Sep 2023	29 Jan 2024	133 Days
23 Grisedale Road, Peterlee, County Durham, SR8 5PG	£99,950	£95,000	-£4,950	21 Apr 2023	22 Jan 2024	276 Days
45 Fifth Street, Horden, Peterlee, County Durham, SR8 4LA	£39,999	£38,000	-£1,999	19 Jul 2023	19 Jan 2024	184 Days
4 Paradise Crescent, Peterlee, County Durham, SR8 3HB	£220,000	£195,000	-£25,000	13 Nov 2023	19 Jan 2024	67 Days
33 Dinting Close, Peterlee, County Durham, SR8 2NY	£289,950	£280,000	-£9,950	15 May 2023	12 Jan 2024	242 Days
9 Kirkland Hill, Peterlee, County Durham, SR8 5QB	£85,000	£85,000	£00	04 Oct 2023	12 Jan 2024	100 Days
56 Newcastle Avenue, Horden, Peterlee, County Durham, SR8 4BQ	£84,950	£80,000	-£4,950	27 Apr 2023	20 Dec 2023	237 Days
47 Trevelyan Place, Peterlee, County Durham, SR8 2NL	£95,000	£95,000	£00	19 Sep 2023	20 Dec 2023	92 Days
24 Sunny Blunts, Peterlee, County Durham, SR8 1LQ	£99,950	£97,500	-£2,450	19 Jul 2023	18 Dec 2023	152 Days
18 Ashwood Meadows, Horden, Peterlee, County Durham, SR8 4BF	£140,000	£135,000	-£5,000	16 Feb 2022	14 Dec 2023	666 Days
63 Lowhills Road, Peterlee, County Durham, SR8 2DJ	£79,950	£72,000	-£7,950	08 Sep 2023	11 Dec 2023	94 Days
31 Neville Road, Peterlee, County Durham, SR8 2AG	£89,950	£87,500	-£2,450	16 Jun 2023	08 Dec 2023	175 Days
48 Roseby Road, Horden, Peterlee, County Durham, SR8 4RN	£88,500	£87,000	-£1,500	17 Aug 2023	08 Dec 2023	113 Days
28 Briardene Way, Easington Colliery, Peterlee, County Durham, SR8 3NR	£230,000	£230,000	£00	28 Sep 2023	08 Dec 2023	71 Days
5 Chillingham Grove, Peterlee, County Durham, SR8 1QJ	£235,000	£235,000	£00	06 May 2023	08 Dec 2023	216 Days

Most Expensive Streets in SR8 (Peterlee)

Postcode	Street	Area	Average	No. of Sales
SR8 3UD	Littlethorpe	Peterlee	£374,000	3
SR8 1LU	Brancepeth Chare	Peterlee	£357,500	3
SR8 1NN	Marwood Grove	Peterlee	£307,500	6
SR8 3UZ	Brook Fields, Littlethorpe	Peterlee	£302,527	9
SR8 3UY	Nursery Gardens, Easington	Peterlee	£296,737	4
SR8 1NQ	Berwick Chase	Peterlee	£286,737	4
SR8 1PW	Askerton Drive	Peterlee	£284,400	5
SR8 1ND	Norham Drive	Peterlee	£278,983	3
SR8 2NH	Lorimers Close	Peterlee	£276,055	9
SR8 1EE	Carrock Close	Peterlee	£270,000	4

Least Expensive Streets in SR8 (Peterlee)

Postcode	Street	Area	Average	No. of Sales
SR8 4LZ	Ninth Street	Peterlee	£27,461	13
SR8 4NA	Warren Street	Peterlee	£29,508	17
SR8 4JX	Sixth Street	Peterlee	£30,272	22
SR8 4LY	Eighth Street	Peterlee	£30,619	20
SR8 4QH	Twelfth Street	Peterlee	£31,632	21
SR8 4NF	Tees Street	Peterlee	£31,983	15
SR8 4JQ	Seventh Street	Peterlee	£31,995	24
SR8 4QP	Thirteenth Street	Peterlee	£32,156	8
SR8 4QQ	Eleventh Street	Peterlee	£32,849	33
SR8 4NE	Tenth Street	Peterlee	£33,609	16