8, SCHOOL CLOSE, SPENNYMOOR, DL16 6GD - £249,950

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

8 SCHOOL CLOSE is a very large detached house of 160m², built sometime between 2003 and 2006. It was last sold for £249,950 in August 2019, which was around 47% above the average August 2019 detached price in the County Durham local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was C.

8 SCHOOL CLOSE Sold Prices

Land registry data shows three sales for 8 SCHOOL CLOSE 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. All of the three 8 SCHOOL CLOSE sales were 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
2019 7 AUG	£249,950	£170,402	47% above HPI
2008 31 JAN	£330,000	£189,543	74% above HPI
2004 17 SEP	£285,000	£155,060	84% above HPI

8 SCHOOL CLOSE 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 8 SCHOOL CLOSE sales between September 2004 and August 2019 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 2008 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the August 2019 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is 8 SCHOOL CLOSE?

8 SCHOOL CLOSE is 160m² according to the EPC inspection conducted in June 2019. This puts it in the largest 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 8 SCHOOL CLOSE lies on this distribution: 91% of detached houses are smaller than 8 SCHOOL CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

8 SCHOOL CLOSE: Plot and Title Map

8 SCHOOL CLOSE sits on a plot of roughly 0.157 of an acre, or 634m². The below map shows the location of 8 SCHOOL CLOSE, 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 8 SCHOOL CLOSE). 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 8 SCHOOL CLOSE?

8 SCHOOL CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 8 on SCHOOL CLOSE.