41, FARADAY CLOSE, SPENNYMOOR, DL16 7UY - £150,000

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.

41 FARADAY CLOSE is a small semi-detached house of 89m², built in 2014, which could now be worth an estimated £197,192. It was last sold for £150,000 in November 2020, which was around 43% above the average November 2020 semi-detached price in the County Durham local authority area. The most recent EPC inspection was September 2014, where the current energy rating was B, and the potential energy rating was A.

41 FARADAY CLOSE Sold Prices

Land registry data shows three sales for 41 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 41 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
2020 26 NOV	£150,000	£104,963	43% above HPI
2019 27 FEB	£149,500	£95,062	57% above HPI
2014 29 AUG	£155,995	£95,456	63% above HPI

41 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 41 FARADAY CLOSE sales between August 2014 and November 2020 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 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the November 2020 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 41 FARADAY CLOSE be worth now?

41 FARADAY CLOSE might now be worth an estimated £197,192.

This is based on house price inflation of 31.5%, between November 2020 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 31.5% inflationary increase is applied to the most recent sale price for 41 FARADAY CLOSE of £150,000 on 26th November 2020. For the value to have increased from £150,000 to £197,192 over the six years and six months to May 2026, the following assumptions must hold true:

• The value of 41 FARADAY CLOSE has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The November 2020 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 41 FARADAY CLOSE has not materially changed since November 2020.

How Large is 41 FARADAY CLOSE?

41 FARADAY CLOSE is 89m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 30% 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 41 FARADAY CLOSE lies on this distribution: 22% of semi-detached houses houses are smaller than 41 FARADAY CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

41 FARADAY CLOSE: Plot and Title Map

41 FARADAY CLOSE sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 41 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 41 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 41 FARADAY CLOSE?

41 FARADAY CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 41 on FARADAY CLOSE.