48, MAYFIELDS, SPENNYMOOR, DL16 6RW - £111,000

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.

48 MAYFIELDS is a very small extended semi-detached house of 85m², built sometime between 1976 and 1982, which could now be worth an estimated £151,316. It was last sold for £111,000 in July 2020, which was around 11% above the average July 2020 semi-detached price in the County Durham local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

48 MAYFIELDS Sold Prices

Land registry data shows three sales for 48 MAYFIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. Two of the three 48 MAYFIELDS sales were for above the average price, whilst one was 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
2020 1 JUL	£111,000	£99,882	11% above HPI
2018 20 JUL	£111,000	£100,414	11% above HPI
2002 17 SEP	£51,000	£52,526	3% below HPI

48 MAYFIELDS 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 three 48 MAYFIELDS sales between September 2002 and July 2020 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 July 2018 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the July 2020 sale, which was also at 11% above the HPI.

What might 48 MAYFIELDS be worth now?

48 MAYFIELDS might now be worth an estimated £151,316.

This is based on house price inflation of 36.3%, between July 2020 and February 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 36.3% inflationary increase is applied to the most recent sale price for 48 MAYFIELDS of £111,000 on 1st July 2020. For the value to have increased from £111,000 to £151,316 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 48 MAYFIELDS has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The July 2020 sale price of £111,000 represented a fair market value for the property.
• The size, condition, and specification of 48 MAYFIELDS has not materially changed since July 2020.

How Large is 48 MAYFIELDS?

48 MAYFIELDS is 85m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% 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 48 MAYFIELDS lies on this distribution: 15% of semi-detached houses houses are smaller than 48 MAYFIELDS, and 85% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

48 MAYFIELDS: Plot and Title Map

48 MAYFIELDS sits on a plot of roughly 0.037 of an acre, or 151m². The below map shows the location of 48 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 48 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 48 MAYFIELDS?

48 MAYFIELDS is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 48 on MAYFIELDS.