3, SCHOOL CLOSE, SPENNYMOOR, DL16 6GD - £120,000

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

3 SCHOOL CLOSE is a small semi-detached house of 98m², built sometime between 2003 and 2006. It was last sold for £120,000 in August 2013, which was around 26% above the average August 2013 semi-detached price in the County Durham local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

3 SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 3 SCHOOL CLOSE 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 3 SCHOOL CLOSE 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
2013 23 AUG	£120,000	£95,561	26% above HPI
2005 24 JUN	£177,000	£99,626	78% above HPI

3 SCHOOL CLOSE 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 3 SCHOOL CLOSE sales from June 2005 and August 2013 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 June 2005 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the August 2013 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 3 SCHOOL CLOSE be worth now?

3 SCHOOL CLOSE might now be worth an estimated £170,088.

This is based on house price inflation of 41.7%, between August 2013 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 41.7% inflationary increase is applied to the most recent sale price for 3 SCHOOL CLOSE of £120,000 on 23rd August 2013. For the value to have increased from £120,000 to £170,088 over the ten years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 SCHOOL CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The August 2013 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SCHOOL CLOSE has not materially changed since August 2013.

How Large is 3 SCHOOL CLOSE?

3 SCHOOL CLOSE is 98m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 40% 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 3 SCHOOL CLOSE lies on this distribution: 33% of semi-detached houses houses are smaller than 3 SCHOOL CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

3 SCHOOL CLOSE: Plot and Title Map

3 SCHOOL CLOSE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 3 SCHOOL 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 3 SCHOOL 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 3 SCHOOL CLOSE?

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