38, MAYFIELDS, SPENNYMOOR, DL16 6RW - £148,250

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

38 MAYFIELDS is a small extended detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £160,365. It was last sold for £148,250 in February 2023, which was around 32% below the average February 2023 detached price in the County Durham local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

38 MAYFIELDS Sold Prices

Land registry data shows two sales for 38 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 38 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
2023 14 FEB	£148,250	£216,859	32% below HPI
2022 30 NOV	£105,000	£222,902	53% below HPI

38 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 38 MAYFIELDS sales from November 2022 and February 2023 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 November 2022 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the February 2023 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 38 MAYFIELDS be worth now?

38 MAYFIELDS might now be worth an estimated £160,365.

This is based on house price inflation of 8.2%, between February 2023 and December 2024, for 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 8.2% inflationary increase is applied to the most recent sale price for 38 MAYFIELDS of £148,250 on 14th February 2023. For the value to have increased from £148,250 to £160,365 over the two months to December 2024, the following assumptions must hold true:

• The value of 38 MAYFIELDS has moved in line with the HPI for detached houses in the County Durham local authority area.
• The February 2023 sale price of £148,250 represented a fair market value for the property.
• The size, condition, and specification of 38 MAYFIELDS has not materially changed since February 2023.

How Large is 38 MAYFIELDS?

38 MAYFIELDS is 94m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the smallest 30% of detached houses houses in Spennymoor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spennymoor, and where 38 MAYFIELDS lies on this distribution: 28% of detached houses houses are smaller than 38 MAYFIELDS, and 71% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

38 MAYFIELDS: Plot and Title Map

38 MAYFIELDS sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 38 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 38 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 38 MAYFIELDS?

38 MAYFIELDS is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 38 on MAYFIELDS.