7, STUDLEY DRIVE, SPENNYMOOR, DL16 7GB - £154,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 STUDLEY DRIVE is a very small extended detached house of 88m², built sometime from 2007 onwards. It was last sold for £154,000 in June 2016, which was around 4% below the average June 2016 detached price in the County Durham local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

7 STUDLEY DRIVE Sold Prices

Land registry data shows two sales for 7 STUDLEY DRIVE 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 7 STUDLEY DRIVE 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
2016 3 JUN	£154,000	£159,670	4% below HPI
2009 27 NOV	£160,952	£174,166	8% below HPI

7 STUDLEY DRIVE 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 7 STUDLEY DRIVE sales from November 2009 and June 2016 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 2009 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2016 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 7 STUDLEY DRIVE?

7 STUDLEY DRIVE is 88m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Spennymoor, based on EPC data. The below chart shows the distribution of detached houses by size in Spennymoor, and where 7 STUDLEY DRIVE lies on this distribution: 19% of detached houses are smaller than 7 STUDLEY DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

7 STUDLEY DRIVE: Plot and Title Map

7 STUDLEY DRIVE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 7 STUDLEY DRIVE, 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 7 STUDLEY DRIVE). 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 7 STUDLEY DRIVE?

7 STUDLEY DRIVE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 7 on STUDLEY DRIVE.