18, CASTLE CLOSE, SPENNYMOOR, DL16 6TR - £150,000

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.

18 CASTLE CLOSE is a small detached house of 91m², built sometime between 2003 and 2006, which could now be worth an estimated £215,628. It was last sold for £150,000 in April 2016, which was around 9% below the average April 2016 detached price in the County Durham local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

18 CASTLE CLOSE Sold Prices

Land registry data shows four sales for 18 CASTLE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Most of the four 18 CASTLE 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
2016 18 APR	£150,000	£164,286	9% below HPI
2007 7 SEP	£168,000	£197,773	15% below HPI
2003 6 JUN	£126,950	£115,811	10% above HPI
2001 20 JUL	£82,500	£84,347	2% below HPI

18 CASTLE 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 four 18 CASTLE CLOSE sales between July 2001 and April 2016 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 September 2007 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2016 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 18 CASTLE CLOSE be worth now?

18 CASTLE CLOSE might now be worth an estimated £215,628.

This is based on house price inflation of 43.8%, between April 2016 and February 2025, for 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 43.8% inflationary increase is applied to the most recent sale price for 18 CASTLE CLOSE of £150,000 on 18th April 2016. For the value to have increased from £150,000 to £215,628 over the nine years and two months to February 2025, the following assumptions must hold true:

• The value of 18 CASTLE CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The April 2016 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 18 CASTLE CLOSE has not materially changed since April 2016.

How Large is 18 CASTLE CLOSE?

18 CASTLE CLOSE is 91m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 30% of detached houses houses in Spennymoor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spennymoor, and where 18 CASTLE CLOSE lies on this distribution: 25% of detached houses houses are smaller than 18 CASTLE CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

18 CASTLE CLOSE: Plot and Title Map

18 CASTLE CLOSE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 18 CASTLE 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 18 CASTLE 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 18 CASTLE CLOSE?

18 CASTLE CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 18 on CASTLE CLOSE.