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According to the public record, 41, Nesbit Road, Peterlee is a mid-century apartment with 602 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 41, Nesbit Road, Peterlee is £54,338 and the estimated rental value is £491 per month.
Nesbit Road, Peterlee, SR8 is located within the SR8 postal district.
41, Nesbit Road, Peterlee has no records in the the Land Registry and a single entry in the EPC database dated May 2023.
We combine this information with public data 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 41, Nesbit Road, Peterlee is in very good condition we estimate a sale value of £57,055 and a rental value of £515 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £50,534 and a rental value of £456 per month.
Over the last 12 months the sale value of 41 Nesbit Road Peterlee has decreased by an estimated £205 (0.4%) and its rental value has increased by an estimated £11 per month (2.2%), giving an expected gross yield of 10.8%.
41, Nesbit Road, Peterlee has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 May 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 41, Nesbit Road, Peterlee within a radius of 570 metres over the last 2 years.
The most recent example is 36, Nesbit Road, Peterlee, SR8 5RA, a leasehold flat which sold for £61,450 on the 8th February 2008.
Read more about house prices in SR8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nesbit Road, Peterlee, SR8 has a total of 39 addresses. According to our analysis of all the public data, 41, Nesbit Road, Peterlee is the 37th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in SR8.
The closest station to 41, Nesbit Road, Peterlee is Horden station which is 1.6 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 41, Nesbit Road, Peterlee, 40.0% of property is socially rented and 24.2% 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 41, Nesbit Road, Peterlee, 29.9% of residents are recorded as possessing school level qualifications and 9.3% 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 41, Nesbit Road, Peterlee, the average age was 38.9 and the most common age was 7.
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 41, Nesbit Road, 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 41, Nesbit Road, 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.