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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 12, Medway Close, Peterlee is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,140 ft2 of internal area and sits on a 178 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 12, Medway Close, Peterlee is £92,828 and the estimated rental value is £692 per month.
Medway Close, Peterlee, SR8 is located within the SR8 postal district.
12, Medway Close, Peterlee has 41 entries in the Land Registry , most recently in January 2010 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 12, Medway Close, Peterlee is in very good condition we estimate a sale value of £97,469 and a rental value of £727 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £86,330 and a rental value of £644 per month.
Over the last 12 months the sale value of 12 Medway Close Peterlee has decreased by an estimated £483 (0.5%) and its rental value has increased by an estimated £16 per month (2.3%), giving an expected gross yield of 8.9%.
According to data from HM Land Registry, 12, Medway Close, Peterlee sits on a plot of 178m2.
We have plot size data on 5 out of 9 other houses in the postcode and 12, Medway Close, Peterlee sits on the largest plot.
According to HM Land Registry, 12, Medway Close, Peterlee was last sold on 22nd January 2010 for £120,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since January 2010, the market for similar properties has risen 94.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Medway Close, Peterlee within a radius of 720 metres over the last 2 years.
The most recent example is 1, Waveney Road, Peterlee, SR8 1HJ, a freehold house which sold for £165,000 on the 1st December 2023.
Read more about house prices in SR8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Medway Close, Peterlee, SR8 has a total of 9 addresses. According to our analysis of all the public data, 12, Medway Close, Peterlee is the largest and the most expensive property on the street.
When compared to the postcode district it is £31k less expensive than the average property in SR8.
The closest station to 12, Medway Close, Peterlee is Horden station which is 2.8 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Medway Close, Peterlee, 57.8% of property is socially rented and 16.9% is privately rented.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 12, Medway Close, Peterlee, 19.9% of residents are recorded as possessing school level qualifications and 16.6% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 12, Medway Close, Peterlee, the average age was 44.9 and the most common age was 57.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 12, Medway Close, Peterlee, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 12, Medway Close, Peterlee, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.
