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

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.

28 THE CLOSE is a very large extended detached house of 151m², built sometime between 1950 and 1966, which could now be worth an estimated £339,068. It was last sold for £245,000 in September 2011, which was around 44% 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	£170,645	44% above HPI
2007 18 MAY	£265,000	£188,648	40% above HPI
1997 2 MAY	£78,000	£70,111	11% 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 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the September 2011 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 28 THE CLOSE be worth now?

28 THE CLOSE might now be worth an estimated £339,068.

This is based on house price inflation of 38.4%, between September 2011 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 38.4% inflationary increase is applied to the most recent sale price for 28 THE CLOSE of £245,000 on 6th September 2011. For the value to have increased from £245,000 to £339,068 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 28 THE CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The September 2011 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 28 THE CLOSE has not materially changed since September 2011.

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 houses in Consett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Consett, and where 28 THE CLOSE lies on this distribution: 87% of detached houses 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 0.156 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.