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

Green Lane, Spennymoor, County Durham, DL16

North East

£450,000
Listed on 17/02/2026

Property Details

Bedrooms
4
Type
Detached house

Description

This impressive period detached property, dating back to circa 1900, offers a unique opportunity for families and investors alike. Situated on a generous plot with expansive gardens and a double garage that includes a workshop, the potential for further development is readily apparent. The home features double glazing and a modern gas-fired central heating system installed in 2021, complete with smart control and photovoltaic solar panels for efficient hot water use. Internally, the ground floor presents an inviting entrance porch leading to a spacious hallway, storage cupboard, and cloakroom/WC. The large lounge and separate dining room provide ample space for family gatherings, while the well-equipped kitchen/breakfast room along with the utility room enhance functionality. Upstairs, four bedrooms await, including a master suite boasting an en suite bathroom and dressing room, in addition to a family bathroom. Outside, the substantial gardens present an excellent canvas for landscaping or additional development. Located on the outskirts of Spennymoor, the property enjoys convenient access to local amenities and commuter routes via the nearby A(688) Highway. This property is ideal for those looking to invest in renovations to create their dream home or capitalize on its development potential.

Investment Analysis

(DL16 area)
Area Average
£163/sq ft
Avg Rent (weekly)
£158
Avg Yield
5.1%

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
24
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (DL16)

Area prices are rising by +2.9% over the last 12 months
3 year growth: +13.9%
5 year growth: +15.5%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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