15, ORMESBY WAY, SPENNYMOOR, DL16 7FN - £185,000

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.

15 ORMESBY WAY is a large semi-detached house of 116m², which could now be worth an estimated £217,591. It was last sold for £185,000 in June 2021, which was around 60% above the average June 2021 semi-detached price in the County Durham local authority area. The most recent EPC inspection was July 2014, where the current energy rating was B, and the potential energy rating was A.

15 ORMESBY WAY Sold Prices

Land registry data shows two sales for 15 ORMESBY WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. Both of the two 15 ORMESBY WAY 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
2021 18 JUN	£185,000	£115,766	60% above HPI
2014 19 DEC	£179,995	£91,324	97% above HPI

15 ORMESBY WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The two 15 ORMESBY WAY sales from December 2014 and June 2021 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 December 2014 sale was for 97% above the HPI. So the extrapolation line tracks at 97% above the HPI over time, until the June 2021 sale, where it falls to 60% above the HPI. The line then continues to track at 60% above the HPI.

What might 15 ORMESBY WAY be worth now?

15 ORMESBY WAY might now be worth an estimated £217,591.

This is based on house price inflation of 17.6%, between June 2021 and February 2025, for semi-detached 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 17.6% inflationary increase is applied to the most recent sale price for 15 ORMESBY WAY of £185,000 on 18th June 2021. For the value to have increased from £185,000 to £217,591 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 15 ORMESBY WAY has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The June 2021 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 15 ORMESBY WAY has not materially changed since June 2021.

How Large is 15 ORMESBY WAY?

15 ORMESBY WAY is 116m² according to the EPC inspection conducted in July 2014. This puts it in the largest 40% of semi-detached houses houses in Spennymoor, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Spennymoor, and where 15 ORMESBY WAY lies on this distribution: 64% of semi-detached houses houses are smaller than 15 ORMESBY WAY, and 35% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

15 ORMESBY WAY: Plot and Title Map

15 ORMESBY WAY sits on a plot of roughly 0.045 of an acre, or 184m². The below map shows the location of 15 ORMESBY WAY, 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 15 ORMESBY WAY). 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 15 ORMESBY WAY?

15 ORMESBY WAY is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 15 on ORMESBY WAY.