15, MELDON CLOSE, DARLINGTON, DL1 2BB - £165,000

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.

15 MELDON CLOSE is a very small terraced house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £175,056. It was last sold for £165,000 in June 2022, which was around 40% above the average June 2022 terraced price in the Darlington local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

15 MELDON CLOSE Sold Prices

Land registry data shows three sales for 15 MELDON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Darlington local authority area for the corresponding sale date. All of the three 15 MELDON 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
2022 14 JUN	£165,000	£117,816	40% above HPI
2007 15 JAN	£144,000	£101,949	41% above HPI
2000 27 MAR	£56,000	£34,644	62% above HPI

15 MELDON CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Darlington local authority area over time, sourced from the HPI. The three 15 MELDON CLOSE sales between March 2000 and June 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 January 2007 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the June 2022 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 15 MELDON CLOSE be worth now?

15 MELDON CLOSE might now be worth an estimated £175,056.

This is based on house price inflation of 6.1%, between June 2022 and June 2025, for terraced houses, in the Darlington local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.1% inflationary increase is applied to the most recent sale price for 15 MELDON CLOSE of £165,000 on 14th June 2022. For the value to have increased from £165,000 to £175,056 over the three years to June 2025, the following assumptions must hold true:

• The value of 15 MELDON CLOSE has moved in line with the HPI for terraced houses in the Darlington local authority area.
• The June 2022 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MELDON CLOSE has not materially changed since June 2022.

How Large is 15 MELDON CLOSE?

15 MELDON CLOSE is 85m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 20% of terraced houses houses in Darlington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Darlington, and where 15 MELDON CLOSE lies on this distribution: 18% of terraced houses houses are smaller than 15 MELDON CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Darlington.

15 MELDON CLOSE: Plot and Title Map

15 MELDON CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 15 MELDON 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 15 MELDON 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 15 MELDON CLOSE?

15 MELDON CLOSE is located in DARLINGTON, in the DL1 postcode district. The below map shows the position of No. 15 on MELDON CLOSE.