57, GERARD CLOSE, NEW KYO, STANLEY, DH9 7BY - £123,000

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.

57 GERARD CLOSE is a very small detached house of 72m², which could now be worth an estimated £143,637. It was last sold for £123,000 in August 2021, which was around 39% below the average August 2021 detached price in the County Durham local authority area. The most recent EPC inspection was April 2018, where the current energy rating was B, and the potential energy rating was A.

57 GERARD CLOSE Sold Prices

Land registry data shows two sales for 57 GERARD 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 57 GERARD 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
2021 12 AUG	£123,000	£202,233	39% below HPI
2018 24 MAY	£113,995	£169,750	33% below HPI

57 GERARD 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 57 GERARD CLOSE sales from May 2018 and August 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 May 2018 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 57 GERARD CLOSE be worth now?

57 GERARD CLOSE might now be worth an estimated £143,637.

This is based on house price inflation of 16.8%, between August 2021 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 16.8% inflationary increase is applied to the most recent sale price for 57 GERARD CLOSE of £123,000 on 12th August 2021. For the value to have increased from £123,000 to £143,637 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 57 GERARD CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2021 sale price of £123,000 represented a fair market value for the property.
• The size, condition, and specification of 57 GERARD CLOSE has not materially changed since August 2021.

How Large is 57 GERARD CLOSE?

57 GERARD CLOSE is 72m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% of detached houses houses in Annfield Plain, based on EPC data. The below chart shows the distribution of detached houses houses by size in Annfield Plain, and where 57 GERARD CLOSE lies on this distribution: 6% of detached houses houses are smaller than 57 GERARD CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Annfield Plain.

57 GERARD CLOSE: Plot and Title Map

57 GERARD CLOSE sits on a plot of roughly 75.0 acres, or 303,346m². The below map shows the location of 57 GERARD 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 57 GERARD 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 57 GERARD CLOSE?

57 GERARD CLOSE is located in NEW KYO, in the DH9 postcode district. The below map shows the position of No. 57 on GERARD CLOSE.