6, FARADAY CLOSE, SPENNYMOOR, DL16 7UY - £135,000

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.

6 FARADAY CLOSE is a very small terraced house of 69m², built in 2014, which could now be worth an estimated £151,980. It was last sold for £135,000 in May 2024, which was around 34% above the average May 2024 terraced price in the County Durham local authority area. The most recent EPC inspection was February 2021, where the current energy rating was B, and the potential energy rating was A.

6 FARADAY CLOSE Sold Prices

Land registry data shows three sales for 6 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 6 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 31 MAY	£135,000	£100,855	34% above HPI
2021 18 JUN	£124,000	£96,200	29% above HPI
2014 11 APR	£128,695	£73,277	76% above HPI

6 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 6 FARADAY CLOSE sales between April 2014 and May 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 June 2021 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the May 2024 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 6 FARADAY CLOSE be worth now?

6 FARADAY CLOSE might now be worth an estimated £151,980.

This is based on house price inflation of 12.6%, between May 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 12.6% inflationary increase is applied to the most recent sale price for 6 FARADAY CLOSE of £135,000 on 31st May 2024. For the value to have increased from £135,000 to £151,980 over the two years to May 2026, the following assumptions must hold true:

• The value of 6 FARADAY CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The May 2024 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 6 FARADAY CLOSE has not materially changed since May 2024.

How Large is 6 FARADAY CLOSE?

6 FARADAY CLOSE is 69m² according to the EPC inspection conducted in February 2021. 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 6 FARADAY CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 6 FARADAY CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

6 FARADAY CLOSE: Plot and Title Map

6 FARADAY CLOSE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 6 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 6 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 6 FARADAY CLOSE?

6 FARADAY CLOSE is located in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of No. 6 on FARADAY CLOSE.