3, MAYFIELDS, SPENNYMOOR, DL16 6RN - £73,500

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

3 MAYFIELDS is a large extended detached house of 123m², built sometime between 1967 and 1975. It was last sold for £73,500 in January 2003, which was around 29% below the average January 2003 detached price in the County Durham local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was C.

3 MAYFIELDS Sold Prices

Land registry data shows two sales for 3 MAYFIELDS 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 3 MAYFIELDS 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
2003 31 JAN	£73,500	£103,272	29% below HPI
1996 26 JAN	£51,500	£66,500	23% below HPI

3 MAYFIELDS 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 3 MAYFIELDS sales from January 1996 and January 2003 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 January 1996 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2003 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 3 MAYFIELDS?

3 MAYFIELDS is 123m², which includes three extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 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 3 MAYFIELDS lies on this distribution: 71% of detached houses are smaller than 3 MAYFIELDS, and 29% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

3 MAYFIELDS: Plot and Title Map

3 MAYFIELDS sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 3 MAYFIELDS, 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 3 MAYFIELDS). 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 3 MAYFIELDS?

3 MAYFIELDS is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 3 on MAYFIELDS.