47, OVAL PARK, SPENNYMOOR, DL16 6LW - £127,500

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.

47 OVAL PARK is a very small detached house of 86m², built sometime between 1950 and 1966, which could now be worth an estimated £172,633. It was last sold for £127,500 in August 2018, which was around 27% below the average August 2018 detached price in the County Durham local authority area. The most recent EPC inspection was December 2013, where the current energy rating was E, and the potential energy rating was D.

47 OVAL PARK Sold Prices

Land registry data shows two sales for 47 OVAL PARK 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 47 OVAL PARK 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
2018 28 AUG	£127,500	£174,422	27% below HPI
2003 27 JUN	£43,000	£115,811	63% below HPI

47 OVAL PARK 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 47 OVAL PARK sales from June 2003 and August 2018 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 2003 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the August 2018 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 47 OVAL PARK be worth now?

47 OVAL PARK might now be worth an estimated £172,633.

This is based on house price inflation of 35.4%, between August 2018 and February 2025, 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 35.4% inflationary increase is applied to the most recent sale price for 47 OVAL PARK of £127,500 on 28th August 2018. For the value to have increased from £127,500 to £172,633 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 47 OVAL PARK has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2018 sale price of £127,500 represented a fair market value for the property.
• The size, condition, and specification of 47 OVAL PARK has not materially changed since August 2018.

How Large is 47 OVAL PARK?

47 OVAL PARK is 86m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 20% 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 47 OVAL PARK lies on this distribution: 15% of detached houses houses are smaller than 47 OVAL PARK, and 85% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

47 OVAL PARK: Plot and Title Map

47 OVAL PARK sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 47 OVAL PARK, 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 47 OVAL PARK). 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 47 OVAL PARK?

47 OVAL PARK is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 47 on OVAL PARK.