2, FARADAY CLOSE, SPENNYMOOR, DL16 7UY - £149,995

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

2 FARADAY CLOSE is a very small detached house of 77m². It was last sold for £149,995 in July 2018, which was around 12% below the average July 2018 detached price in the County Durham local authority area. The most recent EPC inspection was November 2017, where the current energy rating was B, and the potential energy rating was A.

2 FARADAY CLOSE Sold Prices

Land registry data shows two sales for 2 FARADAY 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 FARADAY 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
2018 31 JUL	£149,995	£170,261	12% below HPI
2013 18 DEC	£148,000	£155,685	5% below HPI

2 FARADAY 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 FARADAY CLOSE sales from December 2013 and July 2018 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 2013 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 2 FARADAY CLOSE?

2 FARADAY CLOSE is 77m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of detached houses in Spennymoor, based on EPC data. The below chart shows the distribution of detached houses by size in Spennymoor, and where 2 FARADAY CLOSE lies on this distribution: 7% of detached houses are smaller than 2 FARADAY CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

2 FARADAY CLOSE: Plot and Title Map

2 FARADAY CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 2 FARADAY 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 FARADAY 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 FARADAY CLOSE?

2 FARADAY CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 2 on FARADAY CLOSE.