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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, 50, Springbank, Peterlee is a modern freehold house with 850 ft2 of internal area and sits on a 248 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 50, Springbank, Peterlee is £190,119 and the estimated rental value is £1,104 per month.
Springbank, Peterlee, SR8 is located within the SR8 postal district.
50, Springbank, Peterlee has a single entry in the Land Registry from December 2015 and a single entry in the EPC database dated December 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 50, Springbank, Peterlee is in very good condition we estimate a sale value of £199,625 and a rental value of £1,159 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £176,811 and a rental value of £1,026 per month.
Over the last 12 months the sale value of 50 Springbank Peterlee has increased by an estimated £2,245 (1.2%) and its rental value has increased by an estimated £39 per month (3.6%), giving an expected gross yield of 7%.
According to data from HM Land Registry, 50, Springbank, Peterlee sits on a plot of 248m2.
We have plot size data on 56 out of 58 other houses in the postcode and 50, Springbank, Peterlee sits on the 9th largest plot.
50, Springbank, Peterlee has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Dec 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 50, Springbank, Peterlee was last sold on 17th December 2015 for £139,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since December 2015, the market for similar properties has risen 42.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50, Springbank, Peterlee within a radius of 720 metres over the last 2 years.
The most recent example is 12, Stainton Way, Peterlee, SR8 2BJ, a freehold house which sold for £170,000 on the 6th December 2024.
Read more about house prices in SR8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springbank, Peterlee, SR8 has a total of 58 addresses. According to our analysis of all the public data, 50, Springbank, Peterlee is the 38th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £67k more expensive than the average property in SR8.
The closest station to 50, Springbank, Peterlee is Horden station which is 2.5 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 50, Springbank, Peterlee, 40.0% of property is privately owned outright and 35.4% is privately owned with a mortgage.
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 50, Springbank, Peterlee, 17.1% of residents are recorded as possessing school level qualifications and 27.3% 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 50, Springbank, 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 50, Springbank, 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 50, Springbank, Peterlee, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.
