Severn Close - SR8 1LB
Key Postcode Insights
SR8 1LB is a residential postcode situated on Severn Close, Peterlee, SR8 with 8 addresses.
It ranks as the 341st largest and 70th most expensive of the 1,284 postcodes in the SR8 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 8 properties: 2 houses and 6 flats.
- Ave. Sale Price
- £51,218
- 10 Year change
- up 23.3%
- Ave. Rental Price
- £402pcm
- 10 Year change
- up 39.3%
- Ave. £ per ft²
- £99/ft²
- Ave. Gross Yield
- 9.4%/year/yr
Key Postcode Insights
SR8 1LB is a residential postcode situated on Severn Close, Peterlee, SR8 with 8 addresses.
It ranks as the 341st largest and 70th most expensive of the 1,284 postcodes in the SR8 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 8 properties: 2 houses and 6 flats.
- Ave. Sale Price
- £51,218
- 10 Year change
- up 23.3%
- Ave. Rental Price
- £402pcm
- 10 Year change
- up 39.3%
- Ave. £ per ft²
- £99/ft²
- Ave. Gross Yield
- 9.4%/year/yr
Explore Propertiesin SR8 1LB
- 48 Severn Close
2 Bed Mid-century House
- 49 Severn Close
2 Bed Mid-century House
- 50 Severn Close
2 Bed Mid-century Flat
- 51 Severn Close
2 Bed Mid-century Flat
- 52 Severn Close
2 Bed Mid-century Flat
Sales Market Trends
The current average value in the postcode is £51,218.
The SR8 1LB Sales Market has increased by 23.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.1% | £51,218 |
| June 2025 | 3.8% | £50,677 |
| June 2024 | 5.3% | £48,834 |
| June 2023 | -2.2% | £46,392 |
| June 2022 | 12% | £47,458 |
| June 2021 | 0.4% | £42,362 |
| June 2020 | 4.9% | £42,211 |
| June 2019 | -2.2% | £40,226 |
| June 2018 | -1.1% | £41,139 |
| June 2017 | 0.2% | £41,605 |
| June 2016 | -2.1% | £41,532 |
| June 2015 | -0.4% | £42,405 |
| June 2014 | 6.2% | £42,583 |
| June 2013 | -3.9% | £40,099 |
| June 2012 | -7.7% | £41,714 |
| June 2011 | -5.7% | £45,198 |
| June 2010 | 0% | £47,936 |
| June 2009 | -10.9% | £47,949 |
| June 2008 | 0.3% | £53,821 |
| June 2007 | 0% | £53,634 |
Rental Market Trends
The current average rental value in the postcode is £402.
The SR8 1LB Rental Market has increased by 39.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.5% | £402pcm |
| June 2025 | 3.2% | £392pcm |
| June 2024 | 8.5% | £379pcm |
| June 2023 | 7.7% | £350pcm |
| June 2022 | 9.9% | £325pcm |
| June 2021 | 2% | £295pcm |
| June 2020 | 2% | £290pcm |
| June 2019 | -0.8% | £284pcm |
| June 2018 | 0% | £286pcm |
| June 2017 | -0.7% | £286pcm |
| June 2016 | 0.4% | £288pcm |
| June 2015 | -2.1% | £287pcm |
| June 2014 | -0.4% | £293pcm |
| June 2013 | -3.1% | £294pcm |
| June 2012 | -1.7% | £304pcm |
| June 2011 | -0.1% | £309pcm |
| June 2010 | -0.2% | £309pcm |
| June 2009 | -4.2% | £310pcm |
| June 2008 | 3.7% | £323pcm |
| June 2007 | 0% | £312pcm |
Nearby Postcodes
SR8 1LB is the 341st largest and the 70th most expensive postcode out of the 1,284 postcodes in the SR8 area.
- SR8 1LA, Severn Close, Peterlee, SR8SR8 1LA2 Addresses|41 m away
- SR8 1JZ, Severn Close, Peterlee, SR8SR8 1JZ14 Addresses|53 m away
- SR8 1LE, Oakerside Drive, Peterlee, SR8SR8 1LE18 Addresses|93 m away
- SR8 1JU, Severn Close, Peterlee, SR8SR8 1JU13 Addresses|98 m away
- SR8 1JR, Oakerside Drive, Peterlee, SR8SR8 1JR7 Addresses|99 m away
Property Types
- 2 mid-century houses built between 1936 and 1979
- 6 mid-century flats built between 1936 and 1979
- mid-century house (2)
- mid-century flat (6)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 8 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (7)
- G (0)
- D (1)
- No EPC (0)
Top 3 Most Expensive Sales
- Sold Feb 2022£105,000 | 3 Bed House23, Severn Close, Peterlee, SR8 1JY23, Severn Close, Peterlee, SR8 1JY
- Sold Dec 2022£105,000 | 3 Bed House21, Severn Close, Peterlee, SR8 1JY21, Severn Close, Peterlee, SR8 1JY
- Sold Jun 2024£100,224 | 3 Bed House23, Severn Close, Peterlee, SR8 1JY23, Severn Close, Peterlee, SR8 1JY
Schools Nearby
- Shotton Hall Primary School300 m away
- Our Lady of the Rosary Catholic Primary School900 m away
- Howletch Lane Primary School1.1 km away
- The Academy at Shotton Hall400 m away
- St Bede's Catholic School and Byron Sixth Form College900 m away
- Dene Academy2.1 km away
More reading links
Public Transport Nearby
The closest station to SR8 1LB is Horden station, which is 3.1 kilometres away.
- Horden|3.1 km away
- Seaham|9.7 km away
- Hartlepool|11.4 km away
- Seaton Carew|13.8 km away
