24, PENHILL CLOSE, OUSTON, CHESTER LE STREET, DH2 1SF - £147,000

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.

24 PENHILL CLOSE is a very small semi-detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £170,841. It was last sold for £147,000 in July 2021, which was around 25% above the average July 2021 semi-detached price in the County Durham local authority area. The most recent EPC inspection was October 2014, where the current energy rating was F, and the potential energy rating was B.

24 PENHILL CLOSE Sold Prices

Land registry data shows six sales for 24 PENHILL CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. All of the six 24 PENHILL 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
2021 13 JUL	£147,000	£117,159	25% above HPI
2015 10 APR	£105,000	£92,602	13% above HPI
2004 28 MAY	£114,000	£80,391	42% above HPI
1998 27 MAR	£47,500	£39,298	21% above HPI
1997 29 AUG	£43,950	£40,753	8% above HPI
1997 28 AUG	£43,950	£40,753	8% above HPI

24 PENHILL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The six 24 PENHILL CLOSE sales between August 1997 and July 2021 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 April 2015 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the July 2021 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 24 PENHILL CLOSE be worth now?

24 PENHILL CLOSE might now be worth an estimated £170,841.

This is based on house price inflation of 16.2%, between July 2021 and February 2025, for semi-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 16.2% inflationary increase is applied to the most recent sale price for 24 PENHILL CLOSE of £147,000 on 13th July 2021. For the value to have increased from £147,000 to £170,841 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 24 PENHILL CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The July 2021 sale price of £147,000 represented a fair market value for the property.
• The size, condition, and specification of 24 PENHILL CLOSE has not materially changed since July 2021.

How Large is 24 PENHILL CLOSE?

24 PENHILL CLOSE is 78m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of semi-detached houses houses in Urpeth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Urpeth, and where 24 PENHILL CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 24 PENHILL CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Urpeth.

24 PENHILL CLOSE: Plot and Title Map

24 PENHILL CLOSE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 24 PENHILL 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 24 PENHILL 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 24 PENHILL CLOSE?

24 PENHILL CLOSE is located in OUSTON, in the DH2 postcode district. The below map shows the position of No. 24 on PENHILL CLOSE.