6, SPRINGWOOD CLOSE, BROWNEY, DURHAM, DH7 8LD - £160,000

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 SPRINGWOOD CLOSE is a very small terraced house of 64m², built in 2016, which could now be worth an estimated £176,745. It was last sold for £160,000 in June 2024, which was around 56% above the average June 2024 terraced price in the County Durham local authority area. The most recent EPC inspection was May 2016, where the current energy rating was B, and the potential energy rating was A.

6 SPRINGWOOD CLOSE Sold Prices

Land registry data shows three sales for 6 SPRINGWOOD 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. Two of the three 6 SPRINGWOOD CLOSE sales were for above the average price, whilst one was for below 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 21 JUN	£160,000	£102,783	56% above HPI
2022 30 MAY	£145,000	£98,386	47% above HPI
2019 20 AUG	£78,000	£81,771	5% below HPI

6 SPRINGWOOD 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 SPRINGWOOD CLOSE sales between August 2019 and June 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 May 2022 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the June 2024 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 6 SPRINGWOOD CLOSE be worth now?

6 SPRINGWOOD CLOSE might now be worth an estimated £176,745.

This is based on house price inflation of 10.5%, between June 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 10.5% inflationary increase is applied to the most recent sale price for 6 SPRINGWOOD CLOSE of £160,000 on 21st June 2024. For the value to have increased from £160,000 to £176,745 over the two years and one month to May 2026, the following assumptions must hold true:

• The value of 6 SPRINGWOOD CLOSE has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The June 2024 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 6 SPRINGWOOD CLOSE has not materially changed since June 2024.

How Large is 6 SPRINGWOOD CLOSE?

6 SPRINGWOOD CLOSE is 64m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of terraced houses houses in Meadowfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Meadowfield, and where 6 SPRINGWOOD CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 6 SPRINGWOOD CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Meadowfield.

6 SPRINGWOOD CLOSE: Plot and Title Map

6 SPRINGWOOD CLOSE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 6 SPRINGWOOD 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 SPRINGWOOD 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 SPRINGWOOD CLOSE?

6 SPRINGWOOD CLOSE is located in BROWNEY, in the DH7 postcode district. The below map shows the position of No. 6 on SPRINGWOOD CLOSE.