Springbank house price trends

The scatter plot below reveals the house price trend for Springbank. The graph is constructed by plotting the price per square meter by date for all sales shows sales for only SR8 1F . The blue circles represent individual sales. You can touch or click on each blue dot to see more detail about the specific sales.

View data in table form

There are roughly 52 homes on Springbank, we would have expected about 7 sales each year given that in the UK people sell their homes on average once every 7 years.
In the last 4 years there have been 10 property sales in Springbank with 0 sold as new, averaging about 2 home sales per year . The average price per square metre (per square foot) in Springbank, Peterlee is £1,704 sqm (£158 per sq ft), this is based on the price paid of the 10 most recent sales.
The majority of homes in Peterlee are now selling for between £1,150 and £2,290 per square metre , find out more in this local analysis of SR8 1 (Peterlee) house prices.
The average size of all the properties on Springbank is 84 m2 (904 sqft).