9, REDMIRES CLOSE, OUSTON, CHESTER LE STREET, DH2 1SB - £125,000

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.

9 REDMIRES CLOSE is a very small terraced house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £134,352. It was last sold for £125,000 in September 2022, which was around 18% above the average September 2022 terraced price in the County Durham local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

9 REDMIRES CLOSE Sold Prices

Land registry data shows two sales for 9 REDMIRES CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the County Durham local authority area for the corresponding sale date. Both of the two 9 REDMIRES 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 9 SEP	£125,000	£105,637	18% above HPI
2014 17 JAN	£92,000	£75,463	22% above HPI

9 REDMIRES 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 two 9 REDMIRES CLOSE sales from January 2014 and September 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 January 2014 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the September 2022 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 9 REDMIRES CLOSE be worth now?

9 REDMIRES CLOSE might now be worth an estimated £134,352.

This is based on house price inflation of 7.5%, between September 2022 and May 2026, 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 7.5% inflationary increase is applied to the most recent sale price for 9 REDMIRES CLOSE of £125,000 on 9th September 2022. For the value to have increased from £125,000 to £134,352 over the four years and four months to May 2026, the following assumptions must hold true:

• The value of 9 REDMIRES CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The September 2022 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 9 REDMIRES CLOSE has not materially changed since September 2022.

How Large is 9 REDMIRES CLOSE?

9 REDMIRES CLOSE is 69m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 10% of terraced houses houses in Urpeth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Urpeth, and where 9 REDMIRES CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 9 REDMIRES CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Urpeth.

9 REDMIRES CLOSE: Plot and Title Map

9 REDMIRES CLOSE sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 9 REDMIRES 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 9 REDMIRES 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 9 REDMIRES CLOSE?

9 REDMIRES CLOSE is located in OUSTON, in the DH2 postcode district. The below map shows the position of No. 9 on REDMIRES CLOSE.