10, FARADAY CLOSE, SPENNYMOOR, DL16 7UY - £165,000

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.

10 FARADAY CLOSE is a small extended semi-detached house of 97m², built sometime from 2012 onwards, which could now be worth an estimated £175,837. It was last sold for £165,000 in October 2024, which was around 27% above the average October 2024 semi-detached price in the County Durham local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

10 FARADAY CLOSE Sold Prices

Land registry data shows three sales for 10 FARADAY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. All of the three 10 FARADAY 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
2024 23 OCT	£165,000	£129,482	27% above HPI
2019 4 NOV	£129,000	£100,411	28% above HPI
2014 27 JUN	£150,000	£94,249	59% above HPI

10 FARADAY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the County Durham local authority area over time, sourced from the HPI. The three 10 FARADAY CLOSE sales between June 2014 and October 2024 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 November 2019 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the October 2024 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 10 FARADAY CLOSE be worth now?

10 FARADAY CLOSE might now be worth an estimated £175,837.

This is based on house price inflation of 6.6%, between October 2024 and May 2026, for semi-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 6.6% inflationary increase is applied to the most recent sale price for 10 FARADAY CLOSE of £165,000 on 23rd October 2024. For the value to have increased from £165,000 to £175,837 over the two years and five months to May 2026, the following assumptions must hold true:

• The value of 10 FARADAY CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The October 2024 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 10 FARADAY CLOSE has not materially changed since October 2024.

How Large is 10 FARADAY CLOSE?

10 FARADAY CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in July 2024. This puts it in the smallest 40% of semi-detached houses houses in Spennymoor, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Spennymoor, and where 10 FARADAY CLOSE lies on this distribution: 32% of semi-detached houses houses are smaller than 10 FARADAY CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

10 FARADAY CLOSE: Plot and Title Map

10 FARADAY CLOSE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 10 FARADAY 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 10 FARADAY 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 10 FARADAY CLOSE?

10 FARADAY CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 10 on FARADAY CLOSE.