3, THE SPINNEY, EASINGTON VILLAGE, PETERLEE, SR8 3NX - £249,950

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

3 THE SPINNEY is a very large extended detached house of 170m², built sometime between 1996 and 2002. It was last sold for £249,950 in November 2019, which was around 47% above the average November 2019 detached price in the County Durham local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

3 THE SPINNEY Sold Prices

Land registry data shows three sales for 3 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 3 THE SPINNEY 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
2019 1 NOV	£249,950	£169,475	47% above HPI
2002 18 OCT	£170,000	£98,064	73% above HPI
2000 11 DEC	£135,000	£80,251	68% above HPI

3 THE SPINNEY 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 three 3 THE SPINNEY sales between December 2000 and November 2019 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 October 2002 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the November 2019 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is 3 THE SPINNEY?

3 THE SPINNEY is 170m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 10% of detached houses in Easington, based on EPC data. The below chart shows the distribution of detached houses by size in Easington, and where 3 THE SPINNEY lies on this distribution: 93% of detached houses are smaller than 3 THE SPINNEY, and 7% of houses are larger. Note that EPC data is not available for all properties in Easington.

3 THE SPINNEY: Plot and Title Map

3 THE SPINNEY sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 3 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

3 THE SPINNEY is located in EASINGTON VILLAGE, in the SR8 postcode district. The below map shows the position of No. 3 on THE SPINNEY.