RACECOURSE HOUSE, CHESTNUT AVENUE, SPENNYMOOR, DL16 7SN - £135,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

RACECOURSE HOUSE is a large extended detached house of 122m², built sometime between 1950 and 1966. It was last sold for £135,000 in May 2008, which was around 29% below the average May 2008 detached price in the County Durham local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

RACECOURSE HOUSE Sold Prices

Land registry data shows two sales for RACECOURSE HOUSE 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 RACECOURSE HOUSE 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
2008 23 MAY	£135,000	£189,347	29% below HPI
1998 26 JUN	£50,000	£71,732	30% below HPI

RACECOURSE HOUSE 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 RACECOURSE HOUSE sales from June 1998 and May 2008 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 June 1998 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2008 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is RACECOURSE HOUSE?

RACECOURSE HOUSE is 122m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the largest 30% of detached houses in Spennymoor, based on EPC data. The below chart shows the distribution of detached houses by size in Spennymoor, and where RACECOURSE HOUSE lies on this distribution: 69% of detached houses are smaller than RACECOURSE HOUSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

RACECOURSE HOUSE: Plot and Title Map

RACECOURSE HOUSE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of RACECOURSE HOUSE, 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 RACECOURSE HOUSE). 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 RACECOURSE HOUSE?

RACECOURSE HOUSE is located on CHESTNUT AVENUE in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of RACECOURSE HOUSE on CHESTNUT AVENUE.