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Green Lane, Spennymoor, County Durham, DL16 - Image 1
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Green Lane, Spennymoor, County Durham, DL16 - Image 3
Green Lane, Spennymoor, County Durham, DL16 - Image 4
Green Lane, Spennymoor, County Durham, DL16 - Image 5

Green Lane, Spennymoor, County Durham, DL16

North East

£480,000
Listed on 07/02/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This impressive period detached property presents a unique opportunity for family living, nestled on a generous plot with extensive gardens and a double garage featuring a workshop area. Originally constructed around 1900, the residence has been partially modernized, including double glazing and a recently installed gas-fired central heating system (boiler from 2021) enhanced by photovoltaic solar panels for energy-efficient hot water. Inside, the layout comprises an inviting entrance porch and hallway, ample storage, a cloakroom/wc, a spacious lounge, separate dining room, and kitchen/breakfast room with an accompanying utility space. The first floor offers four well-proportioned bedrooms; the master suite is equipped with an en suite bathroom and dressing room, complemented by a family bathroom. Outside, the vast gardens provide ample potential for further landscaping or development. Located on the outskirts of Spennymoor, residents benefit from easy access to essential shops and amenities while being conveniently situated for commuting along major roadways including the A(688) and A(167). With ultrafast fibre broadband available in this postcode and very low flood risk levels reported, this property not only offers comfort but also considerable investment potential for future enhancements.

Investment Analysis

(DL16 area)
Area Average
£169/sq ft
Avg Rent (weekly)
£160
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (DL16)

Area prices are rising by +10.3% over the last 12 months
3 year growth: 17.3%
5 year growth: 20.2%
Investment Disclaimer: Analysis based on DL16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Green Lane, Spennymoor, County Durham, DL16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,758
Based on a loan of £360,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE