28, CHESTNUT AVENUE, SPENNYMOOR, DL16 7SP - £78,500

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

28 CHESTNUT AVENUE is a very small semi-detached house of 60m², built sometime between 1950 and 1966, which could now be worth an estimated £96,818. It was last sold for £78,500 in November 2006, which was around 29% below the average November 2006 semi-detached price in the County Durham local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was C.

28 CHESTNUT AVENUE Sold Prices

Land registry data shows two sales for 28 CHESTNUT AVENUE 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 28 CHESTNUT AVENUE 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
2006 6 NOV	£78,500	£109,821	29% below HPI
2002 27 SEP	£34,000	£52,526	35% below HPI

28 CHESTNUT AVENUE 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 28 CHESTNUT AVENUE sales from September 2002 and November 2006 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 2002 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2006 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 28 CHESTNUT AVENUE be worth now?

28 CHESTNUT AVENUE might now be worth an estimated £96,818.

This is based on house price inflation of 23.3%, between November 2006 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 23.3% inflationary increase is applied to the most recent sale price for 28 CHESTNUT AVENUE of £78,500 on 6th November 2006. For the value to have increased from £78,500 to £96,818 over the seventeen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 28 CHESTNUT AVENUE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The November 2006 sale price of £78,500 represented a fair market value for the property.
• The size, condition, and specification of 28 CHESTNUT AVENUE has not materially changed since November 2006.

How Large is 28 CHESTNUT AVENUE?

28 CHESTNUT AVENUE is 60m² according to the EPC inspection conducted in October 2014. 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 28 CHESTNUT AVENUE lies on this distribution: 1% of semi-detached houses houses are smaller than 28 CHESTNUT AVENUE, and 99% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

28 CHESTNUT AVENUE: Plot and Title Map

28 CHESTNUT AVENUE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 28 CHESTNUT AVENUE, 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 28 CHESTNUT AVENUE). 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 28 CHESTNUT AVENUE?

28 CHESTNUT AVENUE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 28 on CHESTNUT AVENUE.