2, THE SPINNEY, SPENNYMOOR, DL16 6HZ - £114,000

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 THE SPINNEY is a large extended semi-detached house of 118m², built sometime between 1967 and 1975. It was last sold for £114,000 in January 2015, which was around 26% below the average January 2015 detached price in the County Durham local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

2 THE SPINNEY Sold Prices

Land registry data shows three sales for 2 THE SPINNEY 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 THE SPINNEY 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
2015 19 JAN	£114,000	£153,256	26% below HPI
2006 19 OCT	£130,000	£182,933	29% below HPI
2003 26 SEP	£105,000	£120,875	13% below HPI

2 THE SPINNEY 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 THE SPINNEY sales between September 2003 and January 2015 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 October 2006 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2015 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 THE SPINNEY?

2 THE SPINNEY is 118m², which includes two extensions, according to the EPC inspection conducted in July 2013. 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 THE SPINNEY lies on this distribution: 66% of detached houses are smaller than 2 THE SPINNEY, and 33% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

2 THE SPINNEY: Plot and Title Map

2 THE SPINNEY sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 2 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

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