Worst House on the Street Logo
North Street, Spennymoor, Co. Durham DL16 6AW - Image 1
North Street, Spennymoor, Co. Durham DL16 6AW - Image 2
North Street, Spennymoor, Co. Durham DL16 6AW - Image 3
North Street, Spennymoor, Co. Durham DL16 6AW - Image 4
North Street, Spennymoor, Co. Durham DL16 6AW - Image 5

North Street, Spennymoor, Co. Durham DL16 6AW

North East

£69,950
Listed on 23/05/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom property presents a compelling opportunity for those looking to invest or embark on a renovation project. Ideally situated near the heart of Spennymoor Town Centre, it offers convenient access to a variety of shopping options, dining establishments, and recreational amenities. The nearby Jubilee Park provides a peaceful retreat, enhancing the appeal of this location. While the home requires some updating, its solid structure and existing features lay a strong foundation for improvement. It benefits from double glazing throughout, ensuring energy efficiency and comfort. The layout spans two floors, beginning with an entrance hall leading to an open-plan lounge and dining area that invites versatile use of space. Both rooms are equipped with ample natural light through dual windows and include practical features like a cozy fireplace. The kitchen is functional yet offers potential for modernization, featuring side access and plumbing provisions for appliances—perfect for those who enjoy cooking or entertaining. Upstairs, two bedrooms provide private retreats, each benefiting from generous window placements that bring in natural light. A family bathroom equipped with essential fixtures completes the interior spaces, offering opportunities for aesthetic upgrades. Externally, the enclosed rear yard is accessible via a secure gate, providing a manageable outdoor area suitable for relaxation or further development. With its advantageous location and scope for refurbishment, this property is particularly well-suited for DIY enthusiasts eager to add personal touches or landlords looking to enhance their rental portfolio. The combination of potential renovations and desirable surroundings makes this home a noteworthy investment opportunity in the Spennymoor area.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
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

North Street, Spennymoor, Co. Durham DL16 6AW
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£256
Based on a loan of £52,462 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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