17, FARADAY CLOSE, SPENNYMOOR, DL16 7UY - £126,500

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.

17 FARADAY CLOSE is a very small extended terraced house of 68m², built sometime from 2012 onwards, which could now be worth an estimated £135,446. It was last sold for £126,500 in September 2024, which was around 19% above the average September 2024 terraced price in the County Durham local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was A.

17 FARADAY CLOSE Sold Prices

Land registry data shows three sales for 17 FARADAY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the County Durham local authority area for the corresponding sale date. All of the three 17 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 5 SEP	£126,500	£106,041	19% above HPI
2019 15 FEB	£110,000	£76,743	43% above HPI
2014 19 DEC	£115,995	£75,030	55% above HPI

17 FARADAY CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the County Durham local authority area over time, sourced from the HPI. The three 17 FARADAY CLOSE sales between December 2014 and September 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 February 2019 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the September 2024 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 17 FARADAY CLOSE be worth now?

17 FARADAY CLOSE might now be worth an estimated £135,446.

This is based on house price inflation of 7.1%, between September 2024 and May 2026, for terraced 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 7.1% inflationary increase is applied to the most recent sale price for 17 FARADAY CLOSE of £126,500 on 5th September 2024. For the value to have increased from £126,500 to £135,446 over the two years and four months to May 2026, the following assumptions must hold true:

• The value of 17 FARADAY CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The September 2024 sale price of £126,500 represented a fair market value for the property.
• The size, condition, and specification of 17 FARADAY CLOSE has not materially changed since September 2024.

How Large is 17 FARADAY CLOSE?

17 FARADAY CLOSE is 68m², which includes one extension, according to the EPC inspection conducted in August 2024. This puts it in the smallest 10% of terraced houses houses in Spennymoor, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Spennymoor, and where 17 FARADAY CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 17 FARADAY CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

17 FARADAY CLOSE: Plot and Title Map

17 FARADAY CLOSE sits on a plot of roughly 0.026 of an acre, or 105m². The below map shows the location of 17 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 17 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 17 FARADAY CLOSE?

17 FARADAY CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 17 on FARADAY CLOSE.