16, RAILWAY CLOSE, SHERBURN VILLAGE, DURHAM, DH6 1RN - £264,500

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.

16 RAILWAY CLOSE is a small extended detached house of 92m², built sometime between 1991 and 1995, which could now be worth an estimated £276,481. It was last sold for £264,500 in October 2022, which was around 19% above the average October 2022 detached price in the County Durham local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was B.

16 RAILWAY CLOSE Sold Prices

Land registry data shows three sales for 16 RAILWAY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 16 RAILWAY 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 31 OCT	£264,500	£222,259	19% above HPI
2020 19 JUN	£183,000	£169,677	8% above HPI
1997 28 FEB	£77,895	£68,885	13% above HPI

16 RAILWAY 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 three 16 RAILWAY CLOSE sales between February 1997 and October 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 June 2020 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2022 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 16 RAILWAY CLOSE be worth now?

16 RAILWAY CLOSE might now be worth an estimated £276,481.

This is based on house price inflation of 4.5%, between October 2022 and June 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 4.5% inflationary increase is applied to the most recent sale price for 16 RAILWAY CLOSE of £264,500 on 31st October 2022. For the value to have increased from £264,500 to £276,481 over the three years and four months to June 2025, the following assumptions must hold true:

• The value of 16 RAILWAY CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2022 sale price of £264,500 represented a fair market value for the property.
• The size, condition, and specification of 16 RAILWAY CLOSE has not materially changed since October 2022.

How Large is 16 RAILWAY CLOSE?

16 RAILWAY CLOSE is 92m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 40% of detached houses houses in Sherburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sherburn, and where 16 RAILWAY CLOSE lies on this distribution: 35% of detached houses houses are smaller than 16 RAILWAY CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Sherburn.

16 RAILWAY CLOSE: Plot and Title Map

16 RAILWAY CLOSE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 16 RAILWAY 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 16 RAILWAY 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 16 RAILWAY CLOSE?

16 RAILWAY CLOSE is located in SHERBURN VILLAGE, in the DH6 postcode district. The below map shows the position of No. 16 on RAILWAY CLOSE.