RACECOURSE VILLA, CHESTNUT AVENUE, SPENNYMOOR, DL16 7SW - £213,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

RACECOURSE VILLA is a midsized extended detached house of 110m², built sometime between 1950 and 1966, which could now be worth an estimated £252,388. It was last sold for £213,000 in June 2021, which was around 7% above the average June 2021 detached price in the County Durham local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

RACECOURSE VILLA Sold Prices

Land registry data shows three sales for RACECOURSE VILLA 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. One of the three RACECOURSE VILLA sales was for above the average price, whilst two 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
2021 18 JUN	£213,000	£199,308	7% above HPI
2017 23 AUG	£127,500	£176,144	28% below HPI
2009 3 JUL	£112,000	£169,494	34% below HPI

RACECOURSE VILLA 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 RACECOURSE VILLA sales between July 2009 and June 2021 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 August 2017 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2021 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might RACECOURSE VILLA be worth now?

RACECOURSE VILLA might now be worth an estimated £252,388.

This is based on house price inflation of 18.5%, between June 2021 and February 2025, 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 18.5% inflationary increase is applied to the most recent sale price for RACECOURSE VILLA of £213,000 on 18th June 2021. For the value to have increased from £213,000 to £252,388 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of RACECOURSE VILLA has moved in line with the HPI for detached houses in the County Durham local authority area.
• The June 2021 sale price of £213,000 represented a fair market value for the property.
• The size, condition, and specification of RACECOURSE VILLA has not materially changed since June 2021.

How Large is RACECOURSE VILLA?

RACECOURSE VILLA is 110m², which includes one extension, according to the EPC inspection conducted in October 2020. 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 RACECOURSE VILLA lies on this distribution: 53% of detached houses houses are smaller than RACECOURSE VILLA, and 47% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

RACECOURSE VILLA: Plot and Title Map

RACECOURSE VILLA sits on a plot of roughly 0.138 of an acre, or 559m². The below map shows the location of RACECOURSE VILLA, 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 VILLA). 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 VILLA?

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