28, THE CLOSE, CONSETT, DH8 0DS - £245,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

28 THE CLOSE is a very large extended detached house of 151m², built sometime between 1950 and 1966. It was last sold for £245,000 in September 2011, which was around 48% above the average September 2011 detached price in the County Durham local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

28 THE CLOSE Sold Prices

Land registry data shows three sales for 28 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. All of the three 28 THE 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
2011 6 SEP	£245,000	£166,006	48% above HPI
2007 18 MAY	£265,000	£183,519	44% above HPI
1997 2 MAY	£78,000	£68,205	14% above HPI

28 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 28 THE CLOSE sales between May 1997 and September 2011 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 2007 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the September 2011 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 28 THE CLOSE?

28 THE CLOSE is 151m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the largest 20% of detached houses in Consett, based on EPC data. The below chart shows the distribution of detached houses by size in Consett, and where 28 THE CLOSE lies on this distribution: 87% of detached houses are smaller than 28 THE CLOSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Consett.

28 THE CLOSE: Plot and Title Map

28 THE CLOSE sits on a plot of roughly 0.157 of an acre, or 633m². The below map shows the location of 28 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 28 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 28 THE CLOSE?

28 THE CLOSE is located in CONSETT, in the DH8 postcode district. The below map shows the position of No. 28 on THE CLOSE.