71, WATSON PARK, SPENNYMOOR, DL16 6NB - £218,000

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

71 WATSON PARK is a midsized detached house of 108m². It was last sold for £218,000 in November 2022, which was around 2% below the average November 2022 detached price in the County Durham local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was C.

71 WATSON PARK Sold Prices

Land registry data shows three sales for 71 WATSON PARK 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 71 WATSON PARK 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
2022 18 NOV	£218,000	£222,902	2% below HPI
2020 28 FEB	£167,000	£170,875	2% below HPI
2014 29 AUG	£179,995	£164,966	9% above HPI

71 WATSON 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 three 71 WATSON PARK sales between August 2014 and November 2022 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 February 2020 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2022 sale, which was also at 2% below the HPI.

What might 71 WATSON PARK be worth now?

71 WATSON PARK might now be worth an estimated £229,422.

This is based on house price inflation of 5.2%, between November 2022 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 5.2% inflationary increase is applied to the most recent sale price for 71 WATSON PARK of £218,000 on 18th November 2022. For the value to have increased from £218,000 to £229,422 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 71 WATSON PARK has moved in line with the HPI for detached houses in the County Durham local authority area.
• The November 2022 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 71 WATSON PARK has not materially changed since November 2022.

How Large is 71 WATSON PARK?

71 WATSON PARK is 108m² according to the EPC inspection conducted in July 2013. This puts it in the largest 50% 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 71 WATSON PARK lies on this distribution: 48% of detached houses houses are smaller than 71 WATSON PARK, and 49% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

71 WATSON PARK: Plot and Title Map

71 WATSON PARK sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 71 WATSON 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 71 WATSON 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 71 WATSON PARK?

71 WATSON PARK is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 71 on WATSON PARK.