32, THE CLOSE, CONSETT, DH8 0DS - £115,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

32 THE CLOSE is a very small detached house of 53m², built sometime between 1950 and 1966. It was last sold for £115,000 in December 2017, which was around 32% below the average December 2017 detached price in the County Durham local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

32 THE CLOSE Sold Prices

Land registry data shows two sales for 32 THE 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 32 THE 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
2017 20 DEC	£115,000	£168,981	32% below HPI
2000 23 JUN	£42,000	£79,374	47% below HPI

32 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 two 32 THE CLOSE sales from June 2000 and December 2017 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 June 2000 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the December 2017 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 32 THE CLOSE?

32 THE CLOSE is 53m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 10% of detached houses in Consett, based on EPC data. The below chart shows the distribution of detached houses by size in Consett, and where 32 THE CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 32 THE CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Consett.

32 THE CLOSE: Plot and Title Map

32 THE CLOSE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 32 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 32 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 32 THE CLOSE?

32 THE CLOSE is located in CONSETT, in the DH8 postcode district. The below map shows the position of No. 32 on THE CLOSE.