2, OVINGTON CLOSE, TEMPLETOWN, CONSETT, DH8 7NY - £230,000

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.

2 OVINGTON CLOSE is a very large extended detached house of 164m², built sometime between 2003 and 2006, which could now be worth an estimated £306,592. It was last sold for £230,000 in November 2018, which was around 30% above the average November 2018 detached price in the County Durham local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

2 OVINGTON CLOSE Sold Prices

Land registry data shows three sales for 2 OVINGTON 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 2 OVINGTON 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
2018 22 NOV	£230,000	£177,166	30% above HPI
2007 29 JUN	£247,000	£188,874	31% above HPI
2005 25 AUG	£248,950	£175,709	42% above HPI

2 OVINGTON 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 2 OVINGTON CLOSE sales between August 2005 and November 2018 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 June 2007 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the November 2018 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 2 OVINGTON CLOSE be worth now?

2 OVINGTON CLOSE might now be worth an estimated £306,592.

This is based on house price inflation of 33.3%, between November 2018 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 33.3% inflationary increase is applied to the most recent sale price for 2 OVINGTON CLOSE of £230,000 on 22nd November 2018. For the value to have increased from £230,000 to £306,592 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 OVINGTON CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The November 2018 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OVINGTON CLOSE has not materially changed since November 2018.

How Large is 2 OVINGTON CLOSE?

2 OVINGTON CLOSE is 164m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the largest 10% of detached houses houses in Consett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Consett, and where 2 OVINGTON CLOSE lies on this distribution: 90% of detached houses houses are smaller than 2 OVINGTON CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Consett.

2 OVINGTON CLOSE: Plot and Title Map

2 OVINGTON CLOSE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 2 OVINGTON 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 2 OVINGTON 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 2 OVINGTON CLOSE?

2 OVINGTON CLOSE is located in TEMPLETOWN, in the DH8 postcode district. The below map shows the position of No. 2 on OVINGTON CLOSE.