23, FERENS CLOSE, DURHAM, DH1 1JX - £277,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

23 FERENS CLOSE is a very small detached house of 95m², built sometime between 1976 and 1982, which could now be worth an estimated £394,865. It was last sold for £277,000 in July 2012, which was around 68% above the average July 2012 detached price in the County Durham local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

23 FERENS CLOSE Sold Prices

Land registry data shows two sales for 23 FERENS 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 23 FERENS 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 16 JUL	£277,000	£164,560	68% above HPI
2009 30 OCT	£200,000	£178,684	12% above HPI

23 FERENS 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 23 FERENS CLOSE sales from October 2009 and July 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 October 2009 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the July 2012 sale, where it rises to 68% above the HPI. The line then continues to track at 68% above the HPI.

What might 23 FERENS CLOSE be worth now?

23 FERENS CLOSE might now be worth an estimated £394,865.

This is based on house price inflation of 42.6%, between July 2012 and December 2024, 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 42.6% inflationary increase is applied to the most recent sale price for 23 FERENS CLOSE of £277,000 on 16th July 2012. For the value to have increased from £277,000 to £394,865 over the eleven years and seven months to December 2024, the following assumptions must hold true:

• The value of 23 FERENS CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The July 2012 sale price of £277,000 represented a fair market value for the property.
• The size, condition, and specification of 23 FERENS CLOSE has not materially changed since July 2012.

How Large is 23 FERENS CLOSE?

23 FERENS CLOSE is 95m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 20% of detached houses houses in Durham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Durham, and where 23 FERENS CLOSE lies on this distribution: 18% of detached houses houses are smaller than 23 FERENS CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Durham.

23 FERENS CLOSE: Plot and Title Map

23 FERENS CLOSE sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of 23 FERENS 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 23 FERENS 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 23 FERENS CLOSE?

23 FERENS CLOSE is located in DURHAM, in the DH1 postcode district. The below map shows the position of No. 23 on FERENS CLOSE.