14, RICHARDSON PLACE, KIRK MERRINGTON, SPENNYMOOR, DL16 7JQ - £148,000

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

14 RICHARDSON PLACE is a very large detached house of 220m², built sometime between 1983 and 1990. It was last sold for £148,000 in July 2002, which was around 58% above the average July 2002 detached price in the County Durham local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

14 RICHARDSON PLACE Sold Prices

Land registry data shows two sales for 14 RICHARDSON PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. One of the two 14 RICHARDSON PLACE sales was for above the average price, whilst the other was 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
2002 5 JUL	£148,000	£93,481	58% above HPI
2000 20 OCT	£60,000	£80,553	26% below HPI

14 RICHARDSON PLACE 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 two 14 RICHARDSON PLACE sales from October 2000 and July 2002 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 October 2000 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2002 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is 14 RICHARDSON PLACE?

14 RICHARDSON PLACE is 220m² according to the EPC inspection conducted in July 2015. This puts it in the largest 10% of detached houses in Kirk Merrington, based on EPC data. The below chart shows the distribution of detached houses by size in Kirk Merrington, and where 14 RICHARDSON PLACE lies on this distribution: 96% of detached houses are smaller than 14 RICHARDSON PLACE, and 4% of houses are larger. Note that EPC data is not available for all properties in Kirk Merrington.

14 RICHARDSON PLACE: Plot and Title Map

14 RICHARDSON PLACE sits on a plot of roughly 0.163 of an acre, or 658m². The below map shows the location of 14 RICHARDSON PLACE, 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 14 RICHARDSON PLACE). 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 14 RICHARDSON PLACE?

14 RICHARDSON PLACE is located in KIRK MERRINGTON, in the DL16 postcode district. The below map shows the position of No. 14 on RICHARDSON PLACE.