62, MIDDLEHAM CLOSE, OUSTON, CHESTER LE STREET, DH2 1TB - £44,000

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.

62 MIDDLEHAM CLOSE is a large flat of 55m², built sometime between 1950 and 1966, which could now be worth an estimated £56,159. It was last sold for £44,000 in March 2019, which was around 27% below the average March 2019 flat price in the County Durham local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

62 MIDDLEHAM CLOSE Sold Prices

Land registry data shows three sales for 62 MIDDLEHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the County Durham local authority area for the corresponding sale date. The three 62 MIDDLEHAM CLOSE sales were a mix of below the average price, roughly equal to the average price, and 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
2019 15 MAR	£44,000	£60,183	27% below HPI
2001 20 AUG	£33,500	£33,625	Close to HPI
1995 7 DEC	£33,500	£27,772	21% above HPI

What might 62 MIDDLEHAM CLOSE be worth now?

62 MIDDLEHAM CLOSE might now be worth an estimated £56,159.

This is based on house price inflation of 27.6%, between March 2019 and May 2026, for flats, 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 27.6% inflationary increase is applied to the most recent sale price for 62 MIDDLEHAM CLOSE of £44,000 on 15th March 2019. For the value to have increased from £44,000 to £56,159 over the six years and ten months to May 2026, the following assumptions must hold true:

• The value of 62 MIDDLEHAM CLOSE has moved in line with the HPI for flats in the County Durham local authority area.
• The March 2019 sale price of £44,000 represented a fair market value for the property.
• The size, condition, and specification of 62 MIDDLEHAM CLOSE has not materially changed since March 2019.

How Large is 62 MIDDLEHAM CLOSE?

62 MIDDLEHAM CLOSE is 55m² according to the EPC inspection conducted in November 2018. This puts it in the largest 20% of flats in Urpeth, based on EPC data. 70% of flats are smaller than 62 MIDDLEHAM CLOSE, and 15% of flats are larger. Note that EPC data is not available for all properties in Urpeth.

62 MIDDLEHAM CLOSE: Plot

62 MIDDLEHAM CLOSE sits on a plot of roughly 0.222 of an acre, or 900m².

Where is 62 MIDDLEHAM CLOSE?

62 MIDDLEHAM CLOSE is located in OUSTON, in the DH2 postcode district.