12, MILBANKE CLOSE, OUSTON, CHESTER LE STREET, DH2 1JJ - £178,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 MILBANKE CLOSE is a very large extended detached house of 143m², built sometime between 1967 and 1975. It was last sold for £178,000 in June 2012, which was around 11% above the average June 2012 detached price in the County Durham local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

12 MILBANKE CLOSE Sold Prices

Land registry data shows three sales for 12 MILBANKE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 12 MILBANKE CLOSE sales were for above 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
2012 28 JUN	£178,000	£159,647	11% above HPI
2006 12 MAY	£275,000	£175,923	56% above HPI
1997 25 APR	£73,000	£66,926	9% above HPI

12 MILBANKE 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 three 12 MILBANKE CLOSE sales between April 1997 and June 2012 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 May 2006 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the June 2012 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 12 MILBANKE CLOSE?

12 MILBANKE CLOSE is 143m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the largest 20% of detached houses in Ouston, based on EPC data. The below chart shows the distribution of detached houses by size in Ouston, and where 12 MILBANKE CLOSE lies on this distribution: 89% of detached houses are smaller than 12 MILBANKE CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Ouston.

12 MILBANKE CLOSE: Plot and Title Map

12 MILBANKE CLOSE sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 12 MILBANKE 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 12 MILBANKE 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 12 MILBANKE CLOSE?

12 MILBANKE CLOSE is located in OUSTON, in the DH2 postcode district. The below map shows the position of No. 12 on MILBANKE CLOSE.