16, THE SPINNEY, EASINGTON VILLAGE, PETERLEE, SR8 3NX - £170,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

16 THE SPINNEY is a large detached house of 112m², built sometime between 1991 and 1995. It was last sold for £170,000 in August 2023, which was around 18% below the average August 2023 detached price in the County Durham local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

16 THE SPINNEY Sold Prices

Land registry data shows two sales for 16 THE SPINNEY 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 16 THE SPINNEY sales was for below the average price, whilst the other 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
2023 29 AUG	£170,000	£208,247	18% below HPI
2001 17 OCT	£112,300	£87,030	29% above HPI

16 THE SPINNEY 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 16 THE SPINNEY sales from October 2001 and August 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 October 2001 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the August 2023 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 16 THE SPINNEY?

16 THE SPINNEY is 112m² according to the EPC inspection conducted in June 2023. This puts it in the largest 40% of detached houses in Easington, based on EPC data. The below chart shows the distribution of detached houses by size in Easington, and where 16 THE SPINNEY lies on this distribution: 61% of detached houses are smaller than 16 THE SPINNEY, and 38% of houses are larger. Note that EPC data is not available for all properties in Easington.

16 THE SPINNEY: Plot and Title Map

16 THE SPINNEY sits on a plot of roughly 0.103 of an acre, or 419m². The below map shows the location of 16 THE SPINNEY, 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 16 THE SPINNEY). 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 16 THE SPINNEY?

16 THE SPINNEY is located in EASINGTON VILLAGE, in the SR8 postcode district. The below map shows the position of No. 16 on THE SPINNEY.