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Peterlee House Prices Peterlee House Prices

The average house price in Peterlee is £99,479 using HM Land Registry data.

The average property price increased by £17,874 (15.96%) over the last 5 years and increased by £3,573 (2.83%) over the last 12 months.

Over the last year, there were 192 residential property sales – a decrease of 67 transactions (-34.90%) relative to the previous year. The majority of house sales (89) were in the £60,000 - £96,000 range. Then came properties in the £96,000 - £132,000 range, where 28 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,950 (-2%).

In April 2024, there were 31 new estate agency instructions, 28 agreed home sales and 22 property price reductions.

Neighbouring Areas: Easington, Horden, Shotton Colliery

Postcodes Covered: DH6, SR8

5-Year Average Property Prices in Peterlee

15.96%

Property prices in Peterlee increased by 15.96% 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 Peterlee Over the Last Year

2.83%

Property prices in Peterlee increased by 2.83% 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.

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).

Property Market Heat Gauge for 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 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 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 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 Peterlee since 1995

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

Recent Property Sales in Peterlee

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
23 Willerby Grove, Peterlee, County Durham, SR8 2RN£167,500£165,500-£2,00013 Nov 202308 Feb 202487 Days
23 Grisedale Road, Peterlee, County Durham, SR8 5PG£99,950£95,000-£4,95021 Apr 202322 Jan 2024276 Days
33 Dinting Close, Peterlee, County Durham, SR8 2NY£289,950£280,000-£9,95015 May 202312 Jan 2024242 Days
9 Kirkland Hill, Peterlee, County Durham, SR8 5QB£85,000£85,000£0004 Oct 202312 Jan 2024100 Days
47 Trevelyan Place, Peterlee, County Durham, SR8 2NL£95,000£95,000£0019 Sep 202320 Dec 202392 Days
24 Sunny Blunts, Peterlee, County Durham, SR8 1LQ£99,950£97,500-£2,45019 Jul 202318 Dec 2023152 Days
63 Lowhills Road, Peterlee, County Durham, SR8 2DJ£79,950£72,000-£7,95008 Sep 202311 Dec 202394 Days
31 Neville Road, Peterlee, County Durham, SR8 2AG£89,950£87,500-£2,45016 Jun 202308 Dec 2023175 Days
5 Chillingham Grove, Peterlee, County Durham, SR8 1QJ£235,000£235,000£0006 May 202308 Dec 2023216 Days
87 Lindisfarne, Peterlee, County Durham, SR8 1NP£129,999£129,999£0005 Sep 202317 Nov 202373 Days
9 Brecon Close, Peterlee, County Durham, SR8 2JX£129,999£120,000-£9,99931 Aug 202315 Nov 202376 Days
7 Carrock Close, Peterlee, County Durham, SR8 1EE£340,000£330,000-£10,00018 Aug 202315 Nov 202389 Days
80 Amersham Crescent, Peterlee, County Durham, SR8 5JJ£77,000£65,500-£11,50028 Sep 202210 Nov 2023408 Days
23 Corby Grove, Peterlee, County Durham, SR8 1PY£184,995£176,000-£8,99520 Apr 202331 Oct 2023194 Days
32 Lambton Court, Peterlee, County Durham, SR8 1NG£274,950£10,000-£264,95021 Jun 201631 Oct 20232688 Days
50 Acre Rigg Road, Peterlee, County Durham, SR8 2DX£94,999£90,000-£4,99928 Apr 202330 Oct 2023185 Days
7 Adrian Place, Peterlee, County Durham, SR8 5SR£39,950£38,000-£1,95031 Aug 202327 Oct 202357 Days
4 Hertford Place, Peterlee, County Durham, SR8 2DA£80,000£75,000-£5,00010 Jul 202327 Oct 2023109 Days
11 Donerston Grove, Peterlee, County Durham, SR8 1QH£199,950£185,000-£14,95029 Jun 202320 Oct 2023113 Days
106 Oakerside Drive, Peterlee, County Durham, SR8 1LD£94,999£92,000-£2,99925 Apr 202306 Oct 2023164 Days

Most Expensive Streets in Peterlee

PostcodeStreetAreaAverageNo. of Sales
SR8 1LUBrancepeth CharePeterlee£357,5003
SR8 1NNMarwood GrovePeterlee£307,5006
SR8 1NQBerwick ChasePeterlee£286,7374
SR8 1PWAskerton DrivePeterlee£284,4005
SR8 1NDNorham DrivePeterlee£278,9833
SR8 2NHLorimers ClosePeterlee£276,0559
SR8 1EECarrock ClosePeterlee£270,0004
SR8 1PNMillom CourtPeterlee£262,4874
SR8 1NEElsdon ClosePeterlee£257,2857
SR8 1NGLambton CourtPeterlee£250,2857

Least Expensive Streets in Peterlee

PostcodeStreetAreaAverageNo. of Sales
SR8 5JNSledmere ClosePeterlee£47,3333
SR8 5PFScarfell ClosePeterlee£51,1774
SR8 2EUWestmorland RisePeterlee£51,4624
SR8 5JWJude PlacePeterlee£54,3754
SR8 2LAPentland ClosePeterlee£55,9993
SR8 5LGDuddon ClosePeterlee£59,0003
SR8 5JAElliott RoadPeterlee£59,1663
SR8 5QDGalloway RoadPeterlee£59,3754
SR8 2LNQuantock PlacePeterlee£60,1663
SR8 1HYWelland ClosePeterlee£60,6663

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