25, FARADAY CLOSE, SPENNYMOOR, DL16 7UY - £174,950

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

25 FARADAY CLOSE is a small detached house of 89m². It was last sold for £174,950 in May 2021, which was around 7% below the average May 2021 detached price in the County Durham local authority area. The most recent EPC inspection was September 2014, where the current energy rating was B, and the potential energy rating was A.

25 FARADAY CLOSE Sold Prices

Land registry data shows two sales for 25 FARADAY 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 25 FARADAY 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
2021 28 MAY	£174,950	£187,934	7% below HPI
2014 26 SEP	£159,995	£158,192	1% above HPI

25 FARADAY 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 25 FARADAY CLOSE sales from September 2014 and May 2021 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 2014 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2021 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 25 FARADAY CLOSE?

25 FARADAY CLOSE is 89m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 30% of detached houses in Spennymoor, based on EPC data. The below chart shows the distribution of detached houses by size in Spennymoor, and where 25 FARADAY CLOSE lies on this distribution: 22% of detached houses are smaller than 25 FARADAY CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

25 FARADAY CLOSE: Plot and Title Map

25 FARADAY CLOSE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 25 FARADAY 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 25 FARADAY 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 25 FARADAY CLOSE?

25 FARADAY CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 25 on FARADAY CLOSE.