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According to the public record, 3, Lancaster Hill, Peterlee is a mid-century leasehold apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Lancaster Hill, Peterlee is £33,853 and the estimated rental value is £306 per month.
Lancaster Hill, Peterlee, SR8 is located within the SR8 postal district.
3, Lancaster Hill, Peterlee has a single entry in the Land Registry from March 2015 and a single entry in the EPC database dated October 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 3, Lancaster Hill, Peterlee is in very good condition we estimate a sale value of £35,546 and a rental value of £322 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £31,483 and a rental value of £285 per month.
Over the last 12 months the sale value of 3 Lancaster Hill Peterlee has decreased by an estimated £128 (0.4%) and its rental value has increased by an estimated £7 per month (2.2%), giving an expected gross yield of 10.9%.
3, Lancaster Hill, Peterlee has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Oct 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 3, Lancaster Hill, Peterlee was last sold on 31st March 2015 for £26,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2015, the market for similar properties has risen 16.3%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 760 metres radius of 3, Lancaster Hill, Peterlee over the last 2 years.
The most recent example is 2, Lancaster Hill, Peterlee, SR8 2EQ, a leasehold flat which sold for £39,500 on the 11th November 2021.
Read more about house prices in SR8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Hill, Peterlee, SR8 has a total of 122 addresses. According to our analysis of all the public data, 3, Lancaster Hill, Peterlee is the 122nd largest and the 122nd most expensive property on the street.
When compared to the postcode district it is £90k less expensive than the average property in SR8.
The closest station to 3, Lancaster Hill, Peterlee is Horden station which is 3.3 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 3, Lancaster Hill, Peterlee, 34.8% of property is socially rented and 25.2% is privately owned outright.
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 3, Lancaster Hill, Peterlee, 16.5% of residents are recorded as possessing school level qualifications and 20.0% 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 3, Lancaster Hill, Peterlee, the average age was 40 and the most common age was 52.
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 3, Lancaster Hill, 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 3, Lancaster Hill, Peterlee, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.
