34, FARADAY CLOSE, SPENNYMOOR, DL16 7UY - £158,000

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.

34 FARADAY CLOSE is a midsized semi-detached house of 102m², built in 2014, which could now be worth an estimated £182,169. It was last sold for £158,000 in May 2023, which was around 32% above the average May 2023 semi-detached price in the County Durham local authority area. The most recent EPC inspection was October 2014, where the current energy rating was B, and the potential energy rating was A.

34 FARADAY CLOSE Sold Prices

Land registry data shows three sales for 34 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 34 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
2023 12 MAY	£158,000	£119,679	32% above HPI
2023 24 MAR	£154,000	£122,247	26% above HPI
2015 30 JAN	£152,500	£91,002	68% above HPI

34 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 34 FARADAY CLOSE sales between January 2015 and May 2023 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 March 2023 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 2023 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 34 FARADAY CLOSE be worth now?

34 FARADAY CLOSE might now be worth an estimated £182,169.

This is based on house price inflation of 15.3%, between May 2023 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 15.3% inflationary increase is applied to the most recent sale price for 34 FARADAY CLOSE of £158,000 on 12th May 2023. For the value to have increased from £158,000 to £182,169 over the three years to May 2026, the following assumptions must hold true:

• The value of 34 FARADAY CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The May 2023 sale price of £158,000 represented a fair market value for the property.
• The size, condition, and specification of 34 FARADAY CLOSE has not materially changed since May 2023.

How Large is 34 FARADAY CLOSE?

34 FARADAY CLOSE is 102m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 50% 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 34 FARADAY CLOSE lies on this distribution: 41% of semi-detached houses houses are smaller than 34 FARADAY CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

34 FARADAY CLOSE: Plot and Title Map

34 FARADAY CLOSE sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 34 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 34 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 34 FARADAY CLOSE?

34 FARADAY CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 34 on FARADAY CLOSE.