Peterlee

Area Guide For Peterlee

Peterlee is a residential area assembled under the New Towns Act of 1946, in County Durham, England. Established in 1948, Peterlee town initially for the most part housed coal mineworkers and their families. Peterlee has solid financial and group ties with Sunderland, Hartlepool and Durham. Peterlee has seen various changes in the last quite a while, this incorporates a transport station furthermore a halfway indoor transformation of the strip mall, which was given the name Castle Dene Shopping Centre in 1998. An ASDA general store was manufactured and opened in November 2001. The old ASDA store which was already a Fine Fare and a Gateway has been used by different retailers in 2002 including a Club 3000 Bingo lobby, a J D Wetherspoon open house, a Wilkinson store and a Poundworld store.

 
 

Peterlee Map

Estimated Price: £96,649
Average Asking Price: £113,442
Price change in last one year: £4,957
Average Price Paid: £86,182
Average Rent Rates: £464

 
 

Property Prices Breakdown in Peterlee

Average Price for property in Peterlee is around £96,649 which varies based on type of property you are interested in and ranges from £180,766 for detached house to around £92,165 for semi-detached. Similarly terraced house is around £67,840 and a flat is worth £66,412. Values have been changing and have risen £73 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £613 in last 6 months, £4,957 in last 1 year, £6,112 in last 2 years, £6,096 in last 3 years, £3,549 in last 4 years and £1,491 in last 5 years.

Currently average asking price of a property in Peterlee is around £113,442 based on approximately 291 properties for sale. Same is the case with rental options based on 113 properties up for rent, average asking rent is around £464 per month.

Estimated property value in Peterlee is £96,649. Average asking price is £113,442 while average price paid is £81,974 which is up by £4,957 and Avg. asking rent £464.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Peterlee area. In last 1 year alone average price buyer paid is around £81,974 based on approximately 291 sales in Peterlee area alone. If you compare it to last 3 years sales of 865 properties where buyers paid around £84,514. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £86,182 for 1,371 and average amount paid for purchase of approx. 2,089 properties sold in last 7 years comes to about £87,105 per sale.

 
 

Properties For Sale in Peterlee

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £81,250, £71,164 for a 2 bedroom house, £107,153 for a 3 bedroom house, £194,468 for a 4 bedroom house and £279,975 for a 5 bedroom house. For a flat similarly the prices varies from £70,748 for a single bedroom to £83,424 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £93,975. To sum up the asking prices for properties in Peterlee it comes to around average £75,999 for 1 bedroom property, £72,734 for 2 bedroom, £107,015 for 3 bedroom, £194,468 for 4 bedroom and £279,975 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £392 for 2 bedroom to £424 for 3 bedroom and £516 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £349. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £422 and £368 for 3 bedroom. You should be generally be expecting around average £349 rent per month for single bedroom property, £394 for 2 bedroom, £423 for 3 bedroom and approximately £516 for 4 bedroom property in Peterlee area.

Popular Houses in Peterlee

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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