Buying a home in SR8, Peterlee. What it costs, what you get and where else to look.

Typical 3-bedroom house£96kmost £77k–£134k
Houses per m²£1,419flats £995
Sold last year2592,151 in five years
Prices in County Durham+4.8%on a year ago

A typical 3-bedroom house in SR8 sold for £96,372 over the last five years, in today's money; most went for between £76,888 and £133,818, for about 87 m² of space.

259 homes sold here in the last year: one of the busier markets in England and Wales, so there is usually plenty to choose from. Flats start at around £44k for one bedroom. Within the district, houses cost the least per m² in SR8 4 (£856) and the most in SR8 1 (£2,267).

Across County Durham, prices are up 4.8% on a year ago and up 19.5% over five years. Renting a similar home there costs about £693 a month; a 90% mortgage on the typical price would be around £439 a month at 4.5% over 30 years. Lenders would typically want a household income of about £19,000 for that mortgage: what £20,000 buys.

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House prices in SR8 by bedrooms

BedroomsTypical priceMost sell forSizeSold, 5 years
1£67,780£38k–£76k39 m²8
2£75,811£50k–£99k69 m²945
3£96,372£77k–£134k87 m²950
4£201,034£122k–£249k105 m²161
5+£305,758£243k–£389k140 m²75

Prices by type of home

1 bed2 bed3 bed4 bed5+ bed
Houses£68k£76k£96k£201k£306k
Detached—£185k£225k£247k£317k
Semi-detached—£105k£120k£136k£183k
Terraced£57k£62k£85k£102k£115k
Flats£44k£57k———

Typical sale price over the last five years, adjusted to today's prices with the UK House Price Index.

Price per m² across SR8

Postcode sectorHousesFlats
SR8 1£2,267£1,161
SR8 2£1,373—
SR8 3£1,418—
SR8 4£856—
SR8 5£1,399—

Schools near SR8

Best state primary within 2 kmOur Lady of the Rosary Catholic Primary School74% met the expected standard at 11 · England 64%8 state primaries within 2 km
Best state secondary within 5 kmThe Academy at Shotton Hall56.4% got grade 5+ in English and maths · England 43.8%7 state secondaries within 5 km

Nearby areas

Questions about SR8

Is SR8 a good area to buy a home?

What the numbers say: prices in County Durham are up 4.8% on a year ago; the best state primary nearby is above the England average (74% against 64%); the best secondary is above it (56.4% against 43.8%); 259 homes sold here last year. Whether it suits you depends on your budget and what you need nearby, so compare it with the districts around it below.

How much is a 3-bedroom house in SR8?

A typical 3-bedroom house in SR8 sold for £96,372 over the last five years, in today's money. Most sold between £76,888 and £133,818.

How many homes sell in SR8 each year?

259 homes sold in the last year and 2,151 in five years: one of the busier markets in England and Wales, so there is usually plenty to choose from.

What are the schools like near SR8?

The best-performing state primary within 2 km is Our Lady of the Rosary Catholic Primary School, where 74% of pupils met the expected standard at age 11 (England: 64%).

Sources: HM Land Registry price paid data matched to the EPC register for size and bedrooms, last five years in today's prices; UK House Price Index (July 2026); ONS private rents (August 2026); DfE school performance tables. Districts with fewer than five sales of a kind are left out. The mortgage figure is an illustration, not advice.