7, THE SPINNEY, SPENNYMOOR, DL16 6HZ - £148,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 THE SPINNEY is a small detached house of 88m², built sometime between 1976 and 1982, which could now be worth an estimated £206,404. It was last sold for £148,000 in April 2005, which was around 12% below the average April 2005 detached price in the County Durham local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was D.

7 THE SPINNEY Sold Prices

Land registry data shows three sales for 7 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Two of the three 7 THE SPINNEY sales were for below the average price, whilst one was for above 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
2005 28 APR	£148,000	£168,204	12% below HPI
1997 30 JAN	£48,525	£70,379	31% below HPI
1996 28 JUN	£80,000	£70,692	13% above HPI

7 THE SPINNEY 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 three 7 THE SPINNEY sales between June 1996 and April 2005 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 January 1997 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the April 2005 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 7 THE SPINNEY be worth now?

7 THE SPINNEY might now be worth an estimated £206,404.

This is based on house price inflation of 39.5%, between April 2005 and December 2024, 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 39.5% inflationary increase is applied to the most recent sale price for 7 THE SPINNEY of £148,000 on 28th April 2005. For the value to have increased from £148,000 to £206,404 over the eighteen years and four months to December 2024, the following assumptions must hold true:

• The value of 7 THE SPINNEY has moved in line with the HPI for detached houses in the County Durham local authority area.
• The April 2005 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE SPINNEY has not materially changed since April 2005.

How Large is 7 THE SPINNEY?

7 THE SPINNEY is 88m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 30% 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 7 THE SPINNEY lies on this distribution: 22% of detached houses houses are smaller than 7 THE SPINNEY, and 78% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

7 THE SPINNEY: Plot and Title Map

7 THE SPINNEY sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 7 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

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