2, MISSION PLACE, KIRK MERRINGTON, SPENNYMOOR, DL16 7JH - £178,000

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 MISSION PLACE is a large detached house of 120m², built sometime between 1983 and 1990, which could now be worth an estimated £262,801. It was last sold for £178,000 in March 2013, which was around 11% above the average March 2013 detached price in the County Durham local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was B.

2 MISSION PLACE Sold Prices

Land registry data shows three sales for 2 MISSION PLACE 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 MISSION PLACE 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
2013 22 MAR	£178,000	£159,958	11% above HPI
2004 12 JAN	£170,000	£130,605	30% above HPI
2001 30 NOV	£110,250	£89,290	23% above HPI

2 MISSION PLACE 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 MISSION PLACE sales between November 2001 and March 2013 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 January 2004 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the March 2013 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 2 MISSION PLACE be worth now?

2 MISSION PLACE might now be worth an estimated £262,801.

This is based on house price inflation of 47.6%, between March 2013 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 47.6% inflationary increase is applied to the most recent sale price for 2 MISSION PLACE of £178,000 on 22nd March 2013. For the value to have increased from £178,000 to £262,801 over the twelve years and one month to February 2025, the following assumptions must hold true:

• The value of 2 MISSION PLACE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The March 2013 sale price of £178,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MISSION PLACE has not materially changed since March 2013.

How Large is 2 MISSION PLACE?

2 MISSION PLACE is 120m² according to the EPC inspection conducted in August 2012. This puts it in the largest 40% of detached houses houses in Kirk Merrington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kirk Merrington, and where 2 MISSION PLACE lies on this distribution: 62% of detached houses houses are smaller than 2 MISSION PLACE, and 36% of houses are larger. Note that EPC data is not available for all properties in Kirk Merrington.

2 MISSION PLACE: Plot and Title Map

2 MISSION PLACE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 2 MISSION PLACE, 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 MISSION PLACE). 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 MISSION PLACE?

2 MISSION PLACE is located in KIRK MERRINGTON, in the DL16 postcode district. The below map shows the position of No. 2 on MISSION PLACE.