Welland Close - SR8 1HY
Key Postcode Insights
SR8 1HY is a residential postcode situated on Welland Close, Peterlee, SR8 with 19 addresses.
It ranks as the 767th largest and 198th most expensive of the 1,284 postcodes in the SR8 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 19 properties: 15 houses and 4 flats.
- Ave. Sale Price
- £63,166
- 10 Year change
- up 25.2%
- Ave. Rental Price
- £501pcm
- 10 Year change
- up 41.5%
- Ave. £ per ft²
- £81/ft²
- Ave. Gross Yield
- 9.5%/year/yr
Key Postcode Insights
SR8 1HY is a residential postcode situated on Welland Close, Peterlee, SR8 with 19 addresses.
It ranks as the 767th largest and 198th most expensive of the 1,284 postcodes in the SR8 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 19 properties: 15 houses and 4 flats.
- Ave. Sale Price
- £63,166
- 10 Year change
- up 25.2%
- Ave. Rental Price
- £501pcm
- 10 Year change
- up 41.5%
- Ave. £ per ft²
- £81/ft²
- Ave. Gross Yield
- 9.5%/year/yr
Explore Propertiesin SR8 1HY
- 40 Welland Close
House
- 42 Welland Close
3 Bed Mid-century House
- 44 Welland Close
3 Bed Mid-century House
- 46 Welland Close
3 Bed Mid-century House
- 48 Welland Close
3 Bed Mid-century House
Sales Market Trends
The last sale in SR8 1HY sold for £66,000 on 30th March 2026. Since then prices are up an average of 2.3%.
The current average value in the postcode is £63,166.
The SR8 1HY Sales Market has increased by 25.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.2% | £63,166 |
| June 2025 | 3.7% | £62,390 |
| June 2024 | 5% | £60,148 |
| June 2023 | -1.6% | £57,271 |
| June 2022 | 11.8% | £58,223 |
| June 2021 | 0.4% | £52,079 |
| June 2020 | 5% | £51,897 |
| June 2019 | -2% | £49,425 |
| June 2018 | -0.6% | £50,448 |
| June 2017 | 0.6% | £50,763 |
| June 2016 | -1.8% | £50,455 |
| June 2015 | 0% | £51,399 |
| June 2014 | 6.4% | £51,386 |
| June 2013 | -3.5% | £48,286 |
| June 2012 | -7.2% | £50,012 |
| June 2011 | -5.2% | £53,914 |
| June 2010 | 1.3% | £56,860 |
| June 2009 | -9.9% | £56,116 |
| June 2008 | 0.5% | £62,254 |
| June 2007 | 0% | £61,943 |
Rental Market Trends
The current average rental value in the postcode is £501.
The SR8 1HY Rental Market has increased by 41.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.7% | £501pcm |
| June 2025 | 3.2% | £488pcm |
| June 2024 | 8.3% | £473pcm |
| June 2023 | 8.4% | £437pcm |
| June 2022 | 9.7% | £403pcm |
| June 2021 | 2% | £368pcm |
| June 2020 | 2% | £361pcm |
| June 2019 | -0.6% | £353pcm |
| June 2018 | 0.5% | £355pcm |
| June 2017 | -0.2% | £354pcm |
| June 2016 | 0.7% | £354pcm |
| June 2015 | -1.6% | £352pcm |
| June 2014 | -0.2% | £358pcm |
| June 2013 | -2.7% | £359pcm |
| June 2012 | -1.2% | £368pcm |
| June 2011 | 0.5% | £373pcm |
| June 2010 | 1.2% | £371pcm |
| June 2009 | -3% | £367pcm |
| June 2008 | 3.8% | £378pcm |
| June 2007 | 0% | £364pcm |
Sales History
The last sale was on 30th March 2026 for £66,000 and since then the market in the area has increased by 2.3%. The postcode has had a total of 15 sales since 1995.
SR8 1HY has seen 3 sales in the last three years and 1 sale in the last twelve months.
- Sold Mar 2026£66,000 | 3 Bed House56, Welland Close, Peterlee, SR8 1HY56, Welland Close, Peterlee, SR8 1HY
- Sold Jan 2024£135,000 | 4 Bed House72, Welland Close, Peterlee, SR8 1HY72, Welland Close, Peterlee, SR8 1HY
- Sold May 2023£58,000 | 3 Bed House54, Welland Close, Peterlee, SR8 1HY54, Welland Close, Peterlee, SR8 1HY
- Sold Aug 2022£65,000 | 3 Bed House62, Welland Close, Peterlee, SR8 1HY62, Welland Close, Peterlee, SR8 1HY
- Sold Sep 2020£59,000 | 3 Bed House56, Welland Close, Peterlee, SR8 1HY56, Welland Close, Peterlee, SR8 1HY
Nearby Postcodes
SR8 1HY is the 767th largest and the 198th most expensive postcode out of the 1,284 postcodes in the SR8 area.
- SR8 1HX, Welland Close, Peterlee, SR8SR8 1HX10 Addresses|47 m away
- SR8 1HU, Welland Close, Peterlee, SR8SR8 1HU6 Addresses|70 m away
- SR8 1HZ, Welland Close, Peterlee, SR8SR8 1HZ19 Addresses|90 m away
- SR8 1HR, Skerne Close, Peterlee, SR8SR8 1HR14 Addresses|98 m away
- SR8 1HT, Skerne Close, Peterlee, SR8SR8 1HT14 Addresses|99 m away
Property Types
- 12 mid-century houses built between 1936 and 1979
- 4 mid-century flats built between 1936 and 1979
- 3 other addresses of unknown type
- mid-century house (12)
- mid-century flat (4)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 16 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (12)
- G (0)
- D (4)
- No EPC (3)
Top 3 Most Expensive Sales
- Sold Jan 2024£135,000 | 4 Bed House72, Welland Close, Peterlee, SR8 1HY72, Welland Close, Peterlee, SR8 1HY
- Sold Dec 2005£90,000 | 3 Bed House76, Welland Close, Peterlee, SR8 1HY76, Welland Close, Peterlee, SR8 1HY
- Sold Oct 2010£85,000 | 3 Bed House10, Welland Close, Peterlee, SR8 1HZ10, Welland Close, Peterlee, SR8 1HZ
Schools Nearby
- Shotton Hall Primary School400 m away
- Our Lady of the Rosary Catholic Primary School600 m away
- Howletch Lane Primary School700 m away
- St Bede's Catholic School and Byron Sixth Form College500 m away
- The Academy at Shotton Hall500 m away
- Dene Academy2.0 km away
More reading links
Public Transport Nearby
The closest station to SR8 1HY is Horden station, which is 3.0 kilometres away.
- Horden|3.0 km away
- Seaham|9.3 km away
- Hartlepool|11.7 km away
- Seaton Carew|14.2 km away
