51, MIDDLEHAM CLOSE, OUSTON, CHESTER LE STREET, DH2 1TA - £78,500

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.

51 MIDDLEHAM CLOSE is a small flat of 52m², built sometime between 1983 and 1990, which could now be worth an estimated £73,709. It was last sold for £78,500 in February 2007, which was around 4% below the average February 2007 flat price in the County Durham local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was C.

51 MIDDLEHAM CLOSE Sold Prices

Land registry data shows three sales for 51 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. Two of the three 51 MIDDLEHAM CLOSE sales were for below the average price, whilst one was 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
2007 23 FEB	£78,500	£81,807	4% below HPI
2005 29 JUL	£74,950	£75,504	1% below HPI
2003 17 DEC	£56,000	£54,251	3% above HPI

What might 51 MIDDLEHAM CLOSE be worth now?

51 MIDDLEHAM CLOSE might now be worth an estimated £73,709.

This is based on house price deflation of 6.1%, between February 2007 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 6.1% deflationary decrease is applied to the most recent sale price for 51 MIDDLEHAM CLOSE of £78,500 on 23rd February 2007. For the value to have decreased from £78,500 to £73,709 over the eighteen years and nine months to May 2026, the following assumptions must hold true:

• The value of 51 MIDDLEHAM CLOSE has moved in line with the HPI for flats in the County Durham local authority area.
• The February 2007 sale price of £78,500 represented a fair market value for the property.
• The size, condition, and specification of 51 MIDDLEHAM CLOSE has not materially changed since February 2007.

How Large is 51 MIDDLEHAM CLOSE?

51 MIDDLEHAM CLOSE is 52m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 40% of flats in Urpeth, based on EPC data. 35% of flats are smaller than 51 MIDDLEHAM CLOSE, and 62% of flats are larger. Note that EPC data is not available for all properties in Urpeth.

51 MIDDLEHAM CLOSE: Plot

51 MIDDLEHAM CLOSE sits on a plot of roughly 0.139 of an acre, or 564m².

Where is 51 MIDDLEHAM CLOSE?

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