Westmorland Rise - SR8 2ER
Key Postcode Insights
SR8 2ER is a residential postcode situated on Westmorland Rise, Peterlee, SR8 with 29 addresses.
It ranks as the 1023rd largest and 129th 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 29 properties: 26 houses and 3 flats.
- Ave. Sale Price
- £59,077
- 10 Year change
- up 26.3%
- Ave. Rental Price
- £477pcm
- 10 Year change
- up 42.7%
- Ave. £ per ft²
- £78/ft²
- Ave. Gross Yield
- 9.7%/year/yr
Key Postcode Insights
SR8 2ER is a residential postcode situated on Westmorland Rise, Peterlee, SR8 with 29 addresses.
It ranks as the 1023rd largest and 129th 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 29 properties: 26 houses and 3 flats.
- Ave. Sale Price
- £59,077
- 10 Year change
- up 26.3%
- Ave. Rental Price
- £477pcm
- 10 Year change
- up 42.7%
- Ave. £ per ft²
- £78/ft²
- Ave. Gross Yield
- 9.7%/year/yr
Explore Propertiesin SR8 2ER
- 79 Westmorland Rise
3 Bed Mid-century House
- 80 Westmorland Rise
3 Bed Mid-century House
- 81 Westmorland Rise
3 Bed Mid-century House
- 82 Westmorland Rise
2 Bed Mid-century House
- 83 Westmorland Rise
3 Bed Mid-century House
Sales Market Trends
The last sale in SR8 2ER sold for £45,000 on 21st March 2024. Since then prices are up an average of 8.6%.
The current average value in the postcode is £59,077.
The SR8 2ER Sales Market has increased by 26.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.2% | £59,077 |
| June 2025 | 3.8% | £58,382 |
| June 2024 | 5% | £56,228 |
| June 2023 | -1.8% | £53,538 |
| June 2022 | 12.5% | £54,518 |
| June 2021 | 0.9% | £48,466 |
| June 2020 | 5% | £48,027 |
| June 2019 | -1.9% | £45,743 |
| June 2018 | -0.8% | £46,625 |
| June 2017 | 0.5% | £47,009 |
| June 2016 | -1.9% | £46,775 |
| June 2015 | -0.2% | £47,670 |
| June 2014 | 6.2% | £47,746 |
| June 2013 | -3.7% | £44,959 |
| June 2012 | -7.6% | £46,663 |
| June 2011 | -5.7% | £50,516 |
| June 2010 | 0.3% | £53,550 |
| June 2009 | -10.8% | £53,401 |
| June 2008 | 0.4% | £59,890 |
| June 2007 | 0% | £59,640 |
Rental Market Trends
The current average rental value in the postcode is £477.
The SR8 2ER Rental Market has increased by 42.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.7% | £477pcm |
| June 2025 | 3.3% | £465pcm |
| June 2024 | 8.3% | £450pcm |
| June 2023 | 8.1% | £415pcm |
| June 2022 | 10.4% | £384pcm |
| June 2021 | 2.5% | £348pcm |
| June 2020 | 2.1% | £339pcm |
| June 2019 | -0.5% | £332pcm |
| June 2018 | 0.2% | £334pcm |
| June 2017 | -0.3% | £333pcm |
| June 2016 | 0.6% | £334pcm |
| June 2015 | -1.9% | £332pcm |
| June 2014 | -0.3% | £339pcm |
| June 2013 | -2.9% | £340pcm |
| June 2012 | -1.7% | £350pcm |
| June 2011 | 0% | £356pcm |
| June 2010 | 0.1% | £356pcm |
| June 2009 | -4.1% | £356pcm |
| June 2008 | 3.9% | £371pcm |
| June 2007 | 0% | £357pcm |
Sales History
The last sale was on 21st March 2024 for £45,000 and since then the market in the area has increased by 8.6%. The postcode has had a total of 16 sales since 1995.
SR8 2ER has seen 2 sales in the last three years and no sales in the last twelve months.
- Sold Mar 2024£45,000 | 3 Bed House99, Westmorland Rise, Peterlee, SR8 2ER99, Westmorland Rise, Peterlee, SR8 2ER
- Sold Jan 2024£36,000 | 3 Bed House99, Westmorland Rise, Peterlee, SR8 2ER99, Westmorland Rise, Peterlee, SR8 2ER
- Sold Jun 2022£85,000 | 3 Bed House96, Westmorland Rise, Peterlee, SR8 2ER96, Westmorland Rise, Peterlee, SR8 2ER
- Sold Aug 2018£45,000 | 3 Bed House87, Westmorland Rise, Peterlee, SR8 2ER87, Westmorland Rise, Peterlee, SR8 2ER
- Sold Apr 2017£46,000 | 3 Bed House97, Westmorland Rise, Peterlee, SR8 2ER97, Westmorland Rise, Peterlee, SR8 2ER
Nearby Postcodes
SR8 2ER is the 1023rd largest and the 129th most expensive postcode out of the 1,284 postcodes in the SR8 area.
- SR8 2EP, Westmorland Rise, Peterlee, SR8SR8 2EP13 Addresses|82 m away
- SR8 2ET, Westmorland Rise, Peterlee, SR8SR8 2ET10 Addresses|86 m away
- SR8 2ES, Westmorland Rise, Peterlee, SR8SR8 2ES17 Addresses|97 m away
- SR8 2EH, Lancaster Hill, Peterlee, SR8SR8 2EH46 Addresses|114 m away
- SR8 2EU, Westmorland Rise, Peterlee, SR8SR8 2EU26 Addresses|118 m away
Property Types
- 1 modern house built after 1980
- 16 mid-century houses built between 1936 and 1979
- 3 mid-century flats built between 1936 and 1979
- 9 other addresses of unknown type
- modern house (1)
- mid-century house (16)
- mid-century flat (3)
- Unknown (9)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 20 properties.
- The most common rating is D.
- A (0)
- E (1)
- B (0)
- F (0)
- C (9)
- G (0)
- D (10)
- No EPC (9)
Top 3 Most Expensive Sales
- Sold Nov 2022£175,000 | 4 Bed House111, Westmorland Rise, Peterlee, SR8 2ES111, Westmorland Rise, Peterlee, SR8 2ES
- Sold Sep 2022£155,000 | 4 Bed House111, Westmorland Rise, Peterlee, SR8 2ES111, Westmorland Rise, Peterlee, SR8 2ES
- Sold Mar 2007£123,000 | 3 Bed House6, Westmorland Rise, Peterlee, SR8 2EX6, Westmorland Rise, Peterlee, SR8 2EX
Schools Nearby
- Acre Rigg Infant School500 m away
- Acre Rigg Academy500 m away
- Howletch Lane Primary School1.1 km away
- St Bede's Catholic School and Byron Sixth Form College1.4 km away
- Easington Academy1.4 km away
- The Academy at Shotton Hall2.1 km away
More reading links
Public Transport Nearby
The closest station to SR8 2ER is Horden station, which is 3.5 kilometres away.
- Horden|3.5 km away
- Seaham|7.6 km away
- Hartlepool|13.2 km away
- Durham|14.6 km away
