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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, Red Lea, Peterlee is a early-century freehold house with 1,485 ft2 of internal area and sits on a 713 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Red Lea, Peterlee is £258,558 and the estimated rental value is £1,205 per month.
Seaside Lane, Easington, Peterlee, SR8 is located within the SR8 postal district.
Red Lea, Peterlee has 3 entries in the Land Registry , most recently in March 2021 and a single entry in the EPC database dated December 2013.
We combine this information with that of neighbouring properties to estimate the property 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 Red Lea, Peterlee is in very good condition we estimate a sale value of £271,486 and a rental value of £1,266 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £240,459 and a rental value of £1,121 per month.
Over the last 12 months the sale value of Red Lea Peterlee has decreased by an estimated £1,345 (0.5%) and its rental value has increased by an estimated £27 per month (2.3%), giving an expected gross yield of 5.6%.
According to data from HM Land Registry, Red Lea, Peterlee sits on a plot of 713m2.
We have plot size data on 15 out of 15 other houses in the postcode and Red Lea, Peterlee sits on the 4th largest plot.
Red Lea, Peterlee has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Dec 2013.
The property is not connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Red Lea, Peterlee was last sold on 26th March 2021 for £260,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since March 2021, the market for similar properties has dropped 25.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Red Lea, Peterlee within a radius of 840 metres over the last 2 years.
The most recent example is Leeholme, Seaside Lane, Peterlee, SR8 3TW, a freehold house which sold for £262,000 on the 16th February 2023.
Read more about house prices in SR8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Seaside Lane, Easington, Peterlee, SR8 has a total of 50 addresses. According to our analysis of all the public data, Red Lea, Peterlee is the 7th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £135k more expensive than the average property in SR8.
The closest station to Red Lea, Peterlee is Horden station which is 4.1 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 Red Lea, Peterlee, 49.8% of property is privately owned with a mortgage and 36.3% 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 Red Lea, Peterlee, 16.6% of residents are recorded as possessing school level qualifications and 37.6% 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 Red Lea, 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 Red Lea, Peterlee, 1.0% 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 Red Lea, Peterlee, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.
