# SR8 1FA Area Summary
SR8 1FA covers part of Peterlee, a post-war new town in County Durham, situated between Sunderland and Hartlepool. With 56 properties analysed and an average price of £148,712, this area represents remarkably affordable housing compared to the UK national average. The pricing reflects Peterlee's position as a practical, value-focused market that appeals primarily to first-time buyers, families seeking affordable homeownership, and buy-to-let investors looking for accessible entry points into the property market.
The sub-£150,000 average price point positions SR8 1FA amongst the most affordable areas in the Northeast, offering genuine opportunities for buyers priced out of more expensive regions. Properties in this postcode typically include a mix of terraced houses, semi-detached homes, and flats, many dating from Peterlee's development era in the 1950s-1970s, alongside some more recent builds. The town benefits from good transport links via the A19, making commutes to larger employment centres in Sunderland, Durham, and Newcastle feasible, whilst maintaining lower living costs than these city locations.
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*This summary is based on current market data and typical area characteristics. Individual property values may vary significantly based on condition, exact location, and property type.*
The average house price in SR8 1FA, Peterlee is £148,712. Prices range from £83,750 to £244,950.
There are 56 properties in SR8 1FA, Peterlee.
SR8 1FA contains 31 semi-detached properties, 13 detached properties, 12 terraced properties.
Average house prices in SR8 1FA have fallen by 27.1% from £114,950 in 2014 to £83,750 in 2022.
SR8 1FA is located in Peterlee, County Durham, England.