24, RIPLEY CLOSE, SPENNYMOOR, DL16 7FJ - £195,000

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.

24 RIPLEY CLOSE is a very small detached house of 87m², which could now be worth an estimated £207,200. It was last sold for £195,000 in October 2022, which was around 12% below the average October 2022 detached price in the County Durham local authority area. The most recent EPC inspection was August 2018, where the current energy rating was B, and the potential energy rating was A.

24 RIPLEY CLOSE Sold Prices

Land registry data shows two sales for 24 RIPLEY CLOSE 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. One of the two 24 RIPLEY CLOSE sales was for below the average price, whilst the other was 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
2022 21 OCT	£195,000	£222,259	12% below HPI
2018 30 NOV	£186,995	£177,166	6% above HPI

24 RIPLEY 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 two 24 RIPLEY CLOSE sales from November 2018 and October 2022 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 November 2018 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the October 2022 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 24 RIPLEY CLOSE be worth now?

24 RIPLEY CLOSE might now be worth an estimated £207,200.

This is based on house price inflation of 6.3%, between October 2022 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 6.3% inflationary increase is applied to the most recent sale price for 24 RIPLEY CLOSE of £195,000 on 21st October 2022. For the value to have increased from £195,000 to £207,200 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 24 RIPLEY CLOSE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2022 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 24 RIPLEY CLOSE has not materially changed since October 2022.

How Large is 24 RIPLEY CLOSE?

24 RIPLEY CLOSE is 87m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 20% 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 24 RIPLEY CLOSE lies on this distribution: 16% of detached houses houses are smaller than 24 RIPLEY CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

24 RIPLEY CLOSE: Plot and Title Map

24 RIPLEY CLOSE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 24 RIPLEY 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 24 RIPLEY 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 24 RIPLEY CLOSE?

24 RIPLEY CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 24 on RIPLEY CLOSE.