39, CHESTNUT AVENUE, SPENNYMOOR, DL16 7SW - £85,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

39 CHESTNUT AVENUE is a very small semi-detached house of 61m², built sometime between 1930 and 1949, which could now be worth an estimated £102,641. It was last sold for £85,000 in June 2008, which was around 26% below the average June 2008 semi-detached price in the County Durham local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

39 CHESTNUT AVENUE Sold Prices

Land registry data shows four sales for 39 CHESTNUT AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. All of the four 39 CHESTNUT AVENUE 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
2008 30 JUN	£85,000	£114,303	26% below HPI
2008 16 APR	£73,000	£112,729	35% below HPI
2007 2 MAR	£75,000	£109,577	32% below HPI
2006 30 NOV	£75,000	£109,821	32% below HPI

39 CHESTNUT AVENUE 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 four 39 CHESTNUT AVENUE sales between November 2006 and June 2008 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 2008 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the June 2008 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 39 CHESTNUT AVENUE be worth now?

39 CHESTNUT AVENUE might now be worth an estimated £102,641.

This is based on house price inflation of 20.8%, between June 2008 and March 2025, 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 20.8% inflationary increase is applied to the most recent sale price for 39 CHESTNUT AVENUE of £85,000 on 30th June 2008. For the value to have increased from £85,000 to £102,641 over the seventeen years and three months to March 2025, the following assumptions must hold true:

• The value of 39 CHESTNUT AVENUE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The June 2008 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of 39 CHESTNUT AVENUE has not materially changed since June 2008.

How Large is 39 CHESTNUT AVENUE?

39 CHESTNUT AVENUE is 61m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 10% 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 39 CHESTNUT AVENUE lies on this distribution: 1% of semi-detached houses houses are smaller than 39 CHESTNUT AVENUE, and 99% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

39 CHESTNUT AVENUE: Plot and Title Map

39 CHESTNUT AVENUE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 39 CHESTNUT AVENUE, 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 39 CHESTNUT AVENUE). 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 39 CHESTNUT AVENUE?

39 CHESTNUT AVENUE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 39 on CHESTNUT AVENUE.