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Ash Grove, Spennymoor

North East

£67,500

Listed on 22/07/2026

Property details

Bedrooms
2
Type
Semi Detached House
Area
674 sqft

Description

This two-bedroom semi-detached home, located in the heart of Spennymoor, presents a valuable opportunity for those looking to renovate and personalize their living space. The property is currently offered with no onward chain, making it an appealing option for first-time buyers and investors alike. Although the home requires modern updates, it provides a solid foundation for creating a comfortable residence tailored to individual tastes. The ground floor features a spacious lounge and an adequately sized kitchen that opens directly onto a generous enclosed rear garden—ideal for outdoor activities or potential landscaping projects. The first floor accommodates two sizable double bedrooms along with a family bathroom, all offering versatile spaces for reconfiguration or enhancement. Situated within easy reach of Spennymoor Town Centre, residents will benefit from convenient access to shopping facilities, schools, and excellent transport links. This property truly stands out as a renovation project with significant potential for value appreciation.

Investment analysis

(DL16 area)

Below Market Value

This property is priced -37.6% below area average per sq ft

-37.6%
Potential saving
This Property
£100/sq ft
Area Average
£160/sq ft
Avg Rent (weekly)
£142
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£118,958
10% above area average per sq ft
Potential ROI
+10.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DL16)

Area prices are falling by -3.2% over the last 12 months
3 year growth: +9.8%
5 year growth: +7.6%
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

Ash Grove, Spennymoor
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£255
Based on a loan of £50,625 over 30 years at 4.45% 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.

Stamp duty calculator

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