22, EDISON DRIVE, SPENNYMOOR, DL16 7UW - £142,000

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 EDISON DRIVE is a very small detached house of 76m². It was last sold for £142,000 in March 2020, which was around 16% below the average March 2020 detached price in the County Durham local authority area. The most recent EPC inspection was August 2016, where the current energy rating was B, and the potential energy rating was A.

22 EDISON DRIVE Sold Prices

Land registry data shows two sales for 22 EDISON DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Both of the two 22 EDISON DRIVE 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
2020 17 MAR	£142,000	£169,758	16% below HPI
2016 2 SEP	£84,523	£171,192	51% below HPI

22 EDISON DRIVE 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 two 22 EDISON DRIVE sales from September 2016 and March 2020 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 2016 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2020 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 22 EDISON DRIVE be worth now?

22 EDISON DRIVE might now be worth an estimated £196,223.

This is based on house price inflation of 38.2%, between March 2020 and December 2024, 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 38.2% inflationary increase is applied to the most recent sale price for 22 EDISON DRIVE of £142,000 on 17th March 2020. For the value to have increased from £142,000 to £196,223 over the three years and three months to December 2024, the following assumptions must hold true:

• The value of 22 EDISON DRIVE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The March 2020 sale price of £142,000 represented a fair market value for the property.
• The size, condition, and specification of 22 EDISON DRIVE has not materially changed since March 2020.

How Large is 22 EDISON DRIVE?

22 EDISON DRIVE is 76m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 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 22 EDISON DRIVE lies on this distribution: 6% of detached houses houses are smaller than 22 EDISON DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

22 EDISON DRIVE: Plot and Title Map

22 EDISON DRIVE sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of 22 EDISON DRIVE, 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 EDISON DRIVE). 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 EDISON DRIVE?

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