2, FARNHAM CLOSE, AUCKLAND PARK, BISHOP AUCKLAND, DL14 8YR - £140,000

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.

2 FARNHAM CLOSE is a very small terraced house of 63m², built sometime between 1996 and 2002, which could now be worth an estimated £196,200. It was last sold for £140,000 in July 2015, which was around 77% above the average July 2015 terraced price in the County Durham local authority area. The most recent EPC inspection was July 2013, where the current energy rating was B, and the potential energy rating was A.

2 FARNHAM CLOSE Sold Prices

Land registry data shows three sales for 2 FARNHAM 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 County Durham local authority area for the corresponding sale date. All of the three 2 FARNHAM 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
2015 9 JUL	£140,000	£78,928	77% above HPI
2007 27 FEB	£138,000	£91,818	50% above HPI
1998 26 JUN	£62,650	£31,664	98% above HPI

2 FARNHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the County Durham local authority area over time, sourced from the HPI. The three 2 FARNHAM CLOSE sales between June 1998 and July 2015 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 February 2007 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the July 2015 sale, where it rises to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might 2 FARNHAM CLOSE be worth now?

2 FARNHAM CLOSE might now be worth an estimated £196,200.

This is based on house price inflation of 40.1%, between July 2015 and June 2025, for terraced 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 40.1% inflationary increase is applied to the most recent sale price for 2 FARNHAM CLOSE of £140,000 on 9th July 2015. For the value to have increased from £140,000 to £196,200 over the ten years and one month to June 2025, the following assumptions must hold true:

• The value of 2 FARNHAM CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The July 2015 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FARNHAM CLOSE has not materially changed since July 2015.

How Large is 2 FARNHAM CLOSE?

2 FARNHAM CLOSE is 63m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% of terraced houses houses in Bishop Auckland, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bishop Auckland, and where 2 FARNHAM CLOSE lies on this distribution: 3% of terraced houses houses are smaller than 2 FARNHAM CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Bishop Auckland.

2 FARNHAM CLOSE: Plot and Title Map

2 FARNHAM CLOSE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 2 FARNHAM 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 2 FARNHAM 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 2 FARNHAM CLOSE?

2 FARNHAM CLOSE is located in AUCKLAND PARK, in the DL14 postcode district. The below map shows the position of No. 2 on FARNHAM CLOSE.