2, LILAC CLOSE, SPENNYMOOR, DL16 7YB - £195,000

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 LILAC CLOSE is a large extended detached house of 116m², built sometime between 1996 and 2002. It was last sold for £195,000 in April 2018, which was around 19% above the average April 2018 detached price in the County Durham local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

2 LILAC CLOSE Sold Prices

Land registry data shows four sales for 2 LILAC 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. All of the four 2 LILAC 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
2018 27 APR	£195,000	£164,142	19% above HPI
2005 20 MAY	£181,500	£165,322	10% above HPI
2003 11 FEB	£140,000	£104,124	34% above HPI
1997 20 AUG	£82,995	£72,939	14% above HPI

2 LILAC 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 2 LILAC CLOSE sales between August 1997 and April 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 May 2005 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the April 2018 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 2 LILAC CLOSE?

2 LILAC CLOSE is 116m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the largest 40% 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 LILAC CLOSE lies on this distribution: 64% of detached houses are smaller than 2 LILAC CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

2 LILAC CLOSE: Plot and Title Map

2 LILAC CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 2 LILAC 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 LILAC 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 LILAC CLOSE?

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