12, THE CLOSE, CONSETT, DH8 0DS - £315,000

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 THE CLOSE is a large extended detached house of 132m², built sometime between 1950 and 1966. It was last sold for £315,000 in November 2022, which was around 45% above the average November 2022 detached price in the County Durham local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

12 THE CLOSE Sold Prices

Land registry data shows three sales for 12 THE 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. Two of the three 12 THE CLOSE sales were for above the average price, whilst one was 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
2022 18 NOV	£315,000	£216,842	45% above HPI
2019 1 AUG	£285,000	£170,402	67% above HPI
2018 8 NOV	£115,000	£172,349	33% below HPI

12 THE 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 THE CLOSE sales between November 2018 and November 2022 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 August 2019 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the November 2022 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is 12 THE CLOSE?

12 THE CLOSE is 132m², which includes two extensions, according to the EPC inspection conducted in April 2019. This puts it in the largest 30% of detached houses in Consett, based on EPC data. The below chart shows the distribution of detached houses by size in Consett, and where 12 THE CLOSE lies on this distribution: 75% of detached houses are smaller than 12 THE CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Consett.

12 THE CLOSE: Plot and Title Map

12 THE CLOSE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 12 THE 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 THE 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 THE CLOSE?

12 THE CLOSE is located in CONSETT, in the DH8 postcode district. The below map shows the position of No. 12 on THE CLOSE.