10, SCHOOL CLOSE, SPENNYMOOR, DL16 6GD - £176,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

10 SCHOOL CLOSE is a large extended detached house of 120m², built sometime between 2003 and 2006. It was last sold for £176,000 in April 2023, which was around 13% below the average April 2023 detached price in the County Durham local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

10 SCHOOL CLOSE Sold Prices

Land registry data shows three sales for 10 SCHOOL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 10 SCHOOL 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
2023 20 APR	£176,000	£202,725	13% below HPI
2021 4 NOV	£146,500	£201,394	27% below HPI
2005 14 OCT	£169,950	£174,016	2% below HPI

10 SCHOOL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The three 10 SCHOOL CLOSE sales between October 2005 and April 2023 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 November 2021 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2023 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 10 SCHOOL CLOSE?

10 SCHOOL CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the largest 40% of detached houses in Spennymoor, based on EPC data. The below chart shows the distribution of detached houses by size in Spennymoor, and where 10 SCHOOL CLOSE lies on this distribution: 68% of detached houses are smaller than 10 SCHOOL CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

10 SCHOOL CLOSE: Plot and Title Map

10 SCHOOL CLOSE sits on a plot of roughly 0.045 of an acre, or 181m². The below map shows the location of 10 SCHOOL 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 10 SCHOOL 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 10 SCHOOL CLOSE?

10 SCHOOL CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 10 on SCHOOL CLOSE.