47, CRANSON CLOSE, BOWBURN, DURHAM, DH6 5AP - £215,000

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.

47 CRANSON CLOSE is a small detached house of 100m², which could now be worth an estimated £286,597. It was last sold for £215,000 in November 2018, which was around 21% above the average November 2018 detached price in the County Durham local authority area. The most recent EPC inspection was June 2017, where the current energy rating was B, and the potential energy rating was A.

47 CRANSON CLOSE Sold Prices

Land registry data shows two sales for 47 CRANSON 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 47 CRANSON 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
2018 15 NOV	£215,000	£177,166	21% above HPI
2017 21 JUN	£199,950	£170,671	17% above HPI

47 CRANSON 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 47 CRANSON CLOSE sales from June 2017 and November 2018 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 2017 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2018 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 47 CRANSON CLOSE be worth now?

47 CRANSON CLOSE might now be worth an estimated £286,597.

This is based on house price inflation of 33.3%, between November 2018 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 33.3% inflationary increase is applied to the most recent sale price for 47 CRANSON CLOSE of £215,000 on 15th November 2018. For the value to have increased from £215,000 to £286,597 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 47 CRANSON CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The November 2018 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 47 CRANSON CLOSE has not materially changed since November 2018.

How Large is 47 CRANSON CLOSE?

47 CRANSON CLOSE is 100m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 40% of detached houses houses in Bowburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bowburn, and where 47 CRANSON CLOSE lies on this distribution: 37% of detached houses houses are smaller than 47 CRANSON CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Bowburn.

47 CRANSON CLOSE: Plot and Title Map

47 CRANSON CLOSE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 47 CRANSON 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 47 CRANSON 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 47 CRANSON CLOSE?

47 CRANSON CLOSE is located in BOWBURN, in the DH6 postcode district. The below map shows the position of No. 47 on CRANSON CLOSE.