1, GREENWOOD CLOSE, WHEATLEY HILL, DURHAM, DH6 3QU - £10,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 GREENWOOD CLOSE is a small detached house of 84m², built sometime between 1996 and 2002, which could now be worth an estimated £32,668. It was last sold for £10,500 in September 1998, which was around 86% below the average September 1998 detached price in the County Durham local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

1 GREENWOOD CLOSE Sold Prices

Land registry data shows two sales for 1 GREENWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Both of the two 1 GREENWOOD CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
1998 25 SEP	£10,500	£75,907	86% below HPI
1997 9 DEC	£9,000	£72,733	88% below HPI

1 GREENWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two 1 GREENWOOD CLOSE sales from December 1997 and September 1998 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 1997 sale was for 88% below the HPI. So the extrapolation line tracks at 88% below the HPI over time, until the September 1998 sale, where it rises to 86% below the HPI. The line then continues to track at 86% below the HPI.

What might 1 GREENWOOD CLOSE be worth now?

1 GREENWOOD CLOSE might now be worth an estimated £32,668.

This is based on house price inflation of 211.1%, between September 1998 and February 2025, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 211.1% inflationary increase is applied to the most recent sale price for 1 GREENWOOD CLOSE of £10,500 on 25th September 1998. For the value to have increased from £10,500 to £32,668 over the 27 years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 GREENWOOD CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The September 1998 sale price of £10,500 represented a fair market value for the property.
• The size, condition, and specification of 1 GREENWOOD CLOSE has not materially changed since September 1998.

How Large is 1 GREENWOOD CLOSE?

1 GREENWOOD CLOSE is 84m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 40% of detached houses houses in Wheatley Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wheatley Hill, and where 1 GREENWOOD CLOSE lies on this distribution: 35% of detached houses houses are smaller than 1 GREENWOOD CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Wheatley Hill.

1 GREENWOOD CLOSE: Plot and Title Map

1 GREENWOOD CLOSE sits on a plot of roughly 0.041 of an acre, or 167m². The below map shows the location of 1 GREENWOOD CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 GREENWOOD CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 GREENWOOD CLOSE?

1 GREENWOOD CLOSE is located in WHEATLEY HILL, in the DH6 postcode district. The below map shows the position of No. 1 on GREENWOOD CLOSE.