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Company No. 11113204
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Registered Address: 2 Leman St, London E1 8FA
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According to the public record, Merrigale, Peterlee is a mid-century freehold house with 2,249 ft2 of internal area and sits on a 635 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Merrigale, Peterlee is £404,817 and the estimated rental value is £1,938 per month.
Stockton Road, Easington, Peterlee, SR8 is located within the SR8 postal district.
Merrigale, Peterlee has 2 entries in the Land Registry , most recently in December 2018 and a single entry in the EPC database dated September 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 Merrigale, Peterlee is in very good condition we estimate a sale value of £425,058 and a rental value of £2,035 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £376,480 and a rental value of £1,803 per month.
Over the last 12 months the sale value of Merrigale Peterlee has decreased by an estimated £6,739 (1.7%) and its rental value has increased by an estimated £21 per month (1.1%), giving an expected gross yield of 5.7%.
According to data from HM Land Registry, Merrigale, Peterlee sits on a plot of 635m2.
We have plot size data on 21 out of 23 other houses in the postcode and Merrigale, Peterlee sits on the 10th largest plot.
Merrigale, Peterlee has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Sep 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Merrigale, Peterlee was last sold on 7th December 2018 for £301,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since December 2018, the market for similar properties has dropped 8.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Merrigale, Peterlee within a radius of 1.4 kilometres over the last 2 years.
The most recent example is Oak Tree House, Durham Lane, Peterlee, SR8 3BA, a freehold house which sold for £446,000 on the 6th September 2024.
Read more about house prices in SR8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stockton Road, Easington, Peterlee, SR8 has a total of 37 addresses. According to our analysis of all the public data, Merrigale, Peterlee is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £281k more expensive than the average property in SR8.
The closest station to Merrigale, Peterlee is Horden station which is 4.2 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 Merrigale, Peterlee, 58.0% of property is privately owned outright and 35.3% 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 Merrigale, Peterlee, 17.9% of residents are recorded as possessing school level qualifications and 43.8% 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 Merrigale, Peterlee, the average age was 43 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 Merrigale, Peterlee, 4.3% 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 Merrigale, Peterlee, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.
