42, REDMIRES CLOSE, OUSTON, CHESTER LE STREET, DH2 1SB - £270,000

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

42 REDMIRES CLOSE is a small extended detached house of 94m², built sometime between 1967 and 1975. It was last sold for £270,000 in September 2021, which was around 36% above the average September 2021 detached price in the County Durham local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was C.

42 REDMIRES CLOSE Sold Prices

Land registry data shows two sales for 42 REDMIRES 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. One of the two 42 REDMIRES CLOSE sales was for above the average price, whilst the other was 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
2021 30 SEP	£270,000	£198,499	36% above HPI
2008 18 JAN	£167,000	£189,543	12% below HPI

42 REDMIRES 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 42 REDMIRES CLOSE sales from January 2008 and September 2021 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 January 2008 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the September 2021 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is 42 REDMIRES CLOSE?

42 REDMIRES CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 40% of detached houses in Urpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Urpeth, and where 42 REDMIRES CLOSE lies on this distribution: 34% of detached houses are smaller than 42 REDMIRES CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Urpeth.

42 REDMIRES CLOSE: Plot and Title Map

42 REDMIRES CLOSE sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 42 REDMIRES 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 42 REDMIRES 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 42 REDMIRES CLOSE?

42 REDMIRES CLOSE is located in OUSTON, in the DH2 postcode district. The below map shows the position of No. 42 on REDMIRES CLOSE.