3, WOLSEY CLOSE, BOWBURN, DURHAM, DH6 5EZ - £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.

3 WOLSEY CLOSE is a very small semi-detached house of 76m², built sometime between 1991 and 1995, which could now be worth an estimated £170,826. It was last sold for £115,000 in February 2015, which was around 25% above the average February 2015 semi-detached price in the County Durham local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

3 WOLSEY CLOSE Sold Prices

Land registry data shows two sales for 3 WOLSEY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. Both of the two 3 WOLSEY 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 16 FEB	£115,000	£91,663	25% above HPI
2013 12 FEB	£106,500	£92,323	15% above HPI

3 WOLSEY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The two 3 WOLSEY CLOSE sales from February 2013 and February 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 2013 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2015 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 3 WOLSEY CLOSE be worth now?

3 WOLSEY CLOSE might now be worth an estimated £170,826.

This is based on house price inflation of 48.5%, between February 2015 and February 2025, for semi-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 48.5% inflationary increase is applied to the most recent sale price for 3 WOLSEY CLOSE of £115,000 on 16th February 2015. For the value to have increased from £115,000 to £170,826 over the ten years to February 2025, the following assumptions must hold true:

• The value of 3 WOLSEY CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The February 2015 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WOLSEY CLOSE has not materially changed since February 2015.

How Large is 3 WOLSEY CLOSE?

3 WOLSEY CLOSE is 76m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of semi-detached houses houses in Bowburn, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bowburn, and where 3 WOLSEY CLOSE lies on this distribution: 6% of semi-detached houses houses are smaller than 3 WOLSEY CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Bowburn.

3 WOLSEY CLOSE: Plot and Title Map

3 WOLSEY CLOSE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 3 WOLSEY 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 3 WOLSEY 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 3 WOLSEY CLOSE?

3 WOLSEY CLOSE is located in BOWBURN, in the DH6 postcode district. The below map shows the position of No. 3 on WOLSEY CLOSE.