2, HAREWOOD CLOSE, SPENNYMOOR, DL16 7GL - £322,000

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.

2 HAREWOOD CLOSE is a very large detached house of 182m², built sometime from 2007 onwards, which could now be worth an estimated £351,651. It was last sold for £322,000 in October 2023, which was around 49% above the average October 2023 detached price in the County Durham local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

2 HAREWOOD CLOSE Sold Prices

Land registry data shows three sales for 2 HAREWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 2 HAREWOOD 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
2023 16 OCT	£322,000	£216,251	49% above HPI
2018 11 SEP	£240,000	£178,893	34% above HPI
2007 9 MAR	£284,000	£186,694	52% above HPI

2 HAREWOOD 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 three 2 HAREWOOD CLOSE sales between March 2007 and October 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 September 2018 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the October 2023 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 2 HAREWOOD CLOSE be worth now?

2 HAREWOOD CLOSE might now be worth an estimated £351,651.

This is based on house price inflation of 9.2%, between October 2023 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 9.2% inflationary increase is applied to the most recent sale price for 2 HAREWOOD CLOSE of £322,000 on 16th October 2023. For the value to have increased from £322,000 to £351,651 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 HAREWOOD CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2023 sale price of £322,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HAREWOOD CLOSE has not materially changed since October 2023.

How Large is 2 HAREWOOD CLOSE?

2 HAREWOOD CLOSE is 182m² according to the EPC inspection conducted in June 2018. This puts it in the largest 10% 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 HAREWOOD CLOSE lies on this distribution: 96% of detached houses houses are smaller than 2 HAREWOOD CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

2 HAREWOOD CLOSE: Plot and Title Map

2 HAREWOOD CLOSE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 2 HAREWOOD 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 HAREWOOD 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 HAREWOOD CLOSE?

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