3, ORMESBY WAY, SPENNYMOOR, DL16 7FN - £292,500

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 ORMESBY WAY is a very large detached house of 138m², built in 2014. It was last sold for £292,500 in November 2022, which was around 35% above the average November 2022 detached price in the County Durham local authority area. The most recent EPC inspection was August 2022, where the current energy rating was B, and the potential energy rating was B.

3 ORMESBY WAY Sold Prices

Land registry data shows two sales for 3 ORMESBY WAY 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 ORMESBY WAY sales were 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 25 NOV	£292,500	£216,842	35% above HPI
2015 14 AUG	£232,995	£161,618	44% above HPI

3 ORMESBY WAY 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 ORMESBY WAY sales from August 2015 and November 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 August 2015 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the November 2022 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is 3 ORMESBY WAY?

3 ORMESBY WAY is 138m² according to the EPC inspection conducted in August 2022. This puts it in the largest 20% 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 ORMESBY WAY lies on this distribution: 84% of detached houses are smaller than 3 ORMESBY WAY, and 15% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

3 ORMESBY WAY: Plot and Title Map

3 ORMESBY WAY sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 3 ORMESBY WAY, 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 ORMESBY WAY). 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 ORMESBY WAY?

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