31, STUDLEY DRIVE, SPENNYMOOR, DL16 7GB - £222,950

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

31 STUDLEY DRIVE is a large detached house of 116m², built sometime between 2007 and 2011. It was last sold for £222,950 in October 2022, which was around 3% above the average October 2022 detached price in the County Durham local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

31 STUDLEY DRIVE Sold Prices

Land registry data shows three sales for 31 STUDLEY DRIVE 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 31 STUDLEY DRIVE 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 7 OCT	£222,950	£216,216	3% above HPI
2015 7 APR	£172,000	£156,817	10% above HPI
2007 29 MAR	£235,000	£181,619	29% above HPI

31 STUDLEY DRIVE 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 31 STUDLEY DRIVE sales between March 2007 and October 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 April 2015 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2022 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 31 STUDLEY DRIVE?

31 STUDLEY DRIVE is 116m² according to the EPC inspection conducted in August 2022. This puts it in the largest 40% of detached houses in Spennymoor, based on EPC data. The below chart shows the distribution of detached houses by size in Spennymoor, and where 31 STUDLEY DRIVE lies on this distribution: 64% of detached houses are smaller than 31 STUDLEY DRIVE, and 35% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

31 STUDLEY DRIVE: Plot and Title Map

31 STUDLEY DRIVE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 31 STUDLEY DRIVE, 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 31 STUDLEY DRIVE). 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 31 STUDLEY DRIVE?

31 STUDLEY DRIVE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 31 on STUDLEY DRIVE.