40, THE CLOSE, CONSETT, DH8 0DS - £189,950

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

40 THE CLOSE is a very small extended detached house of 73m², built sometime between 1950 and 1966. It was last sold for £189,950 in May 2022, which was around 6% below the average May 2022 detached price in the County Durham local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

40 THE CLOSE Sold Prices

Land registry data shows two sales for 40 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 40 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
2022 25 MAY	£189,950	£201,348	6% below HPI
2011 25 FEB	£97,500	£163,279	40% below HPI

40 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 40 THE CLOSE sales from February 2011 and May 2022 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 February 2011 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2022 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 40 THE CLOSE?

40 THE CLOSE is 73m², which includes one extension, according to the EPC inspection conducted in October 2021. 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 40 THE CLOSE lies on this distribution: 5% of detached houses are smaller than 40 THE CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Consett.

40 THE CLOSE: Plot and Title Map

40 THE CLOSE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 40 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 40 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 40 THE CLOSE?

40 THE CLOSE is located in CONSETT, in the DH8 postcode district. The below map shows the position of No. 40 on THE CLOSE.