2, ASPEN CLOSE, MIDDLESTONE MOOR, SPENNYMOOR, DL16 7YQ - £172,500

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.

2 ASPEN CLOSE is a midsized detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £237,968. It was last sold for £172,500 in September 2016, which was around 1% above the average September 2016 detached price in the County Durham local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

2 ASPEN CLOSE Sold Prices

Land registry data shows two sales for 2 ASPEN CLOSE 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. Both of the two 2 ASPEN CLOSE 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
2016 23 SEP	£172,500	£171,192	1% above HPI
2001 16 AUG	£92,995	£86,914	7% above HPI

2 ASPEN 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 two 2 ASPEN CLOSE sales from August 2001 and September 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 August 2001 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the September 2016 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 2 ASPEN CLOSE be worth now?

2 ASPEN CLOSE might now be worth an estimated £237,968.

This is based on house price inflation of 38%, between September 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 38% inflationary increase is applied to the most recent sale price for 2 ASPEN CLOSE of £172,500 on 23rd September 2016. For the value to have increased from £172,500 to £237,968 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 ASPEN CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The September 2016 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of 2 ASPEN CLOSE has not materially changed since September 2016.

How Large is 2 ASPEN CLOSE?

2 ASPEN CLOSE is 113m² according to the EPC inspection conducted in September 2012. This puts it in the largest 50% 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 2 ASPEN CLOSE lies on this distribution: 56% of detached houses houses are smaller than 2 ASPEN CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

2 ASPEN CLOSE: Plot and Title Map

2 ASPEN CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 2 ASPEN 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 2 ASPEN 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 2 ASPEN CLOSE?

2 ASPEN CLOSE is located in MIDDLESTONE MOOR, in the DL16 postcode district. The below map shows the position of No. 2 on ASPEN CLOSE.