2, WELLS CLOSE, DARLINGTON, DL1 2XB - £115,000

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 WELLS CLOSE is a very small extended semi-detached house of 51m², built sometime between 1976 and 1982, which could now be worth an estimated £141,734. It was last sold for £115,000 in August 2017, which was around 17% below the average August 2017 semi-detached price in the Darlington local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

2 WELLS CLOSE Sold Prices

Land registry data shows three sales for 2 WELLS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Darlington local authority area for the corresponding sale date. All of the three 2 WELLS 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
2017 18 AUG	£115,000	£137,937	17% below HPI
2006 3 OCT	£115,000	£130,592	12% below HPI
2006 23 JUN	£92,000	£130,510	30% below HPI

2 WELLS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Darlington local authority area over time, sourced from the HPI. The three 2 WELLS CLOSE sales between June 2006 and August 2017 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 October 2006 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2017 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 WELLS CLOSE be worth now?

2 WELLS CLOSE might now be worth an estimated £141,734.

This is based on house price inflation of 23.2%, between August 2017 and February 2025, for semi-detached 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 23.2% inflationary increase is applied to the most recent sale price for 2 WELLS CLOSE of £115,000 on 18th August 2017. For the value to have increased from £115,000 to £141,734 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 2 WELLS CLOSE has moved in line with the HPI for semi-detached houses in the Darlington local authority area.
• The August 2017 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WELLS CLOSE has not materially changed since August 2017.

How Large is 2 WELLS CLOSE?

2 WELLS CLOSE is 51m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of semi-detached houses houses in Darlington, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Darlington, and where 2 WELLS CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 2 WELLS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Darlington.

2 WELLS CLOSE: Plot and Title Map

2 WELLS CLOSE sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 2 WELLS 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 WELLS 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 WELLS CLOSE?

2 WELLS CLOSE is located in DARLINGTON, in the DL1 postcode district. The below map shows the position of No. 2 on WELLS CLOSE.