3, VAN MILDERT CLOSE, BISHOP AUCKLAND, DL14 7GF - £162,500

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.

3 VAN MILDERT CLOSE is a small detached house of 93m², built sometime between 2003 and 2006, which could now be worth an estimated £220,206. It was last sold for £162,500 in August 2020, which was around 7% below the average August 2020 detached price in the County Durham local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

3 VAN MILDERT CLOSE Sold Prices

Land registry data shows four sales for 3 VAN MILDERT CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Most of the four 3 VAN MILDERT CLOSE sales were for below 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
2020 17 AUG	£162,500	£174,276	7% below HPI
2014 4 JUL	£132,500	£164,111	19% below HPI
2004 23 JAN	£145,000	£130,605	11% above HPI
2003 17 OCT	£120,000	£125,731	5% below HPI

3 VAN MILDERT 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 four 3 VAN MILDERT CLOSE sales between October 2003 and August 2020 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 July 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2020 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 3 VAN MILDERT CLOSE be worth now?

3 VAN MILDERT CLOSE might now be worth an estimated £220,206.

This is based on house price inflation of 35.5%, between August 2020 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 35.5% inflationary increase is applied to the most recent sale price for 3 VAN MILDERT CLOSE of £162,500 on 17th August 2020. For the value to have increased from £162,500 to £220,206 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 3 VAN MILDERT CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2020 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 3 VAN MILDERT CLOSE has not materially changed since August 2020.

How Large is 3 VAN MILDERT CLOSE?

3 VAN MILDERT CLOSE is 93m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of detached houses houses in Bishop Auckland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bishop Auckland, and where 3 VAN MILDERT CLOSE lies on this distribution: 28% of detached houses houses are smaller than 3 VAN MILDERT CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Bishop Auckland.

3 VAN MILDERT CLOSE: Plot and Title Map

3 VAN MILDERT CLOSE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 3 VAN MILDERT 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 3 VAN MILDERT 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 3 VAN MILDERT CLOSE?

3 VAN MILDERT CLOSE is located in BISHOP AUCKLAND, in the DL14 postcode district. The below map shows the position of No. 3 on VAN MILDERT CLOSE.