22, CRAGSIDE CLOSE, SPENNYMOOR, DL16 7SD - £86,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

22 CRAGSIDE CLOSE is a very small semi-detached house of 58m², built sometime between 1991 and 1995, which could now be worth an estimated £146,499. It was last sold for £86,950 in May 2004, which was around 8% above the average May 2004 semi-detached price in the County Durham local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

22 CRAGSIDE CLOSE Sold Prices

Land registry data shows two sales for 22 CRAGSIDE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. Both of the two 22 CRAGSIDE 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
2004 27 MAY	£86,950	£80,391	8% above HPI
1996 14 JUN	£47,000	£38,998	21% above HPI

22 CRAGSIDE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The two 22 CRAGSIDE CLOSE sales from June 1996 and May 2004 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 June 1996 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the May 2004 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 22 CRAGSIDE CLOSE be worth now?

22 CRAGSIDE CLOSE might now be worth an estimated £146,499.

This is based on house price inflation of 68.5%, between May 2004 and December 2024, for semi-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 68.5% inflationary increase is applied to the most recent sale price for 22 CRAGSIDE CLOSE of £86,950 on 27th May 2004. For the value to have increased from £86,950 to £146,499 over the nineteen years and five months to December 2024, the following assumptions must hold true:

• The value of 22 CRAGSIDE CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The May 2004 sale price of £86,950 represented a fair market value for the property.
• The size, condition, and specification of 22 CRAGSIDE CLOSE has not materially changed since May 2004.

How Large is 22 CRAGSIDE CLOSE?

22 CRAGSIDE CLOSE is 58m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 10% of semi-detached houses houses in Spennymoor, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Spennymoor, and where 22 CRAGSIDE CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 22 CRAGSIDE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

22 CRAGSIDE CLOSE: Plot and Title Map

22 CRAGSIDE CLOSE sits on a plot of roughly 0.037 of an acre, or 150m². The below map shows the location of 22 CRAGSIDE 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 22 CRAGSIDE 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 22 CRAGSIDE CLOSE?

22 CRAGSIDE CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 22 on CRAGSIDE CLOSE.