55, MAYFIELDS, SPENNYMOOR, DL16 6RW - £127,000

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

55 MAYFIELDS is a very small detached house of 68m², built sometime between 1967 and 1975. It was last sold for £127,000 in April 2017, which was around 20% below the average April 2017 detached price in the County Durham local authority area. The most recent EPC inspection was July 2013, where the current energy rating was E, and the potential energy rating was B.

55 MAYFIELDS Sold Prices

Land registry data shows two sales for 55 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 55 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
2017 7 APR	£127,000	£159,548	20% below HPI
2013 9 OCT	£107,500	£158,490	32% below HPI

55 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 55 MAYFIELDS sales from October 2013 and April 2017 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 October 2013 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the April 2017 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 55 MAYFIELDS?

55 MAYFIELDS is 68m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% of detached houses in Spennymoor, based on EPC data. The below chart shows the distribution of detached houses by size in Spennymoor, and where 55 MAYFIELDS lies on this distribution: 2% of detached houses are smaller than 55 MAYFIELDS, and 98% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

55 MAYFIELDS: Plot and Title Map

55 MAYFIELDS sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 55 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 55 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 55 MAYFIELDS?

55 MAYFIELDS is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 55 on MAYFIELDS.