SPENCE HOUSE, HAMSTERLEY, BISHOP AUCKLAND, DL13 3QF - £380,000

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

SPENCE HOUSE is a very large detached house of 212m², built sometime between 1976 and 1982. It was last sold for £380,000 in July 2005, which was around 126% above the average July 2005 detached price in the County Durham local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was C.

SPENCE HOUSE Sold Prices

Land registry data shows three sales for SPENCE HOUSE 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 SPENCE HOUSE 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
2005 1 JUL	£380,000	£168,402	126% above HPI
2003 24 JAN	£320,000	£103,272	210% above HPI
2001 10 AUG	£210,000	£84,551	148% above HPI

SPENCE 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 three SPENCE HOUSE sales between August 2001 and July 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 2003 sale was for 210% above the HPI. So the extrapolation line tracks at 210% above the HPI over time, until the July 2005 sale, where it falls to 126% above the HPI. The line then continues to track at 126% above the HPI.

How Large is SPENCE HOUSE?

SPENCE HOUSE is 212m² according to the EPC inspection conducted in May 2012. This puts it in the largest 20% of detached houses in Hamsterley, based on EPC data. The below chart shows the distribution of detached houses by size in Hamsterley, and where SPENCE HOUSE lies on this distribution: 83% of detached houses are smaller than SPENCE HOUSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Hamsterley.

SPENCE HOUSE: Plot and Title Map

SPENCE HOUSE sits on a plot of roughly 5.5 acres, or 22,456m². The below map shows the location of SPENCE 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 SPENCE 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 SPENCE HOUSE?

SPENCE HOUSE is located in HAMSTERLEY, in the DL13 postcode district. The below map shows the position of SPENCE HOUSE in HAMSTERLEY.