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Derwent Terrace, Spennymoor, County Durham, DL16 - Image 1
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Derwent Terrace, Spennymoor, County Durham, DL16 - Image 3
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Derwent Terrace, Spennymoor, County Durham, DL16 - Image 5
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Derwent Terrace, Spennymoor, County Durham, DL16 - Image 7
Derwent Terrace, Spennymoor, County Durham, DL16 - Image 8
Derwent Terrace, Spennymoor, County Durham, DL16 - Image 9
Derwent Terrace, Spennymoor, County Durham, DL16 - Image 10
Derwent Terrace, Spennymoor, County Durham, DL16 - Image 11

Derwent Terrace, Spennymoor, County Durham, DL16

North East

£125,000
Listed on 12/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1060 sqft

Description

This semi-detached property presents a promising opportunity for renovation and investment, situated in a sought-after location near Spennymoor's main street. With approximately 100 square meters of internal space, the home currently features two double bedrooms with potential to be reconfigured into three, allowing for greater flexibility in layout or increased rental income. The entrance lobby leads to a living room that benefits from under-stair storage, while the kitchen/dining area at the rear includes white cabinetry and essential integrated appliances such as a dishwasher and gas hob. A spacious conservatory enhances the living space, offering possibilities for use as a dining area or playroom. Upstairs, the two double bedrooms are complemented by a family bathroom, making it suitable for both families and investors alike. Externally, the property boasts gated off-street parking and an easily maintained garden, adding to its practical appeal. Recent upgrades include new windows and a front door installed in 2024, paving the way for further enhancements. Located at the end of Barnfield Road, this home is conveniently positioned just off Cheapside—the heart of Spennymoor—providing access to a range of local amenities including supermarkets, healthcare services, pubs, restaurants, and independent shops. This property not only caters to personal living needs but also offers significant investment potential with its flexible layout options and prime location. Whether you're looking to renovate for resale or considering rental opportunities in a thriving area, this home provides a solid foundation for various future prospects.

Investment Analysis

(DL16 area)

Below Market Value

This property is priced -30.0% below area average per sq ft

-30.0%
Potential saving
This Property
£118/sq ft
Area Average
£169/sq ft
Avg Rent (weekly)
£160
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£196,471
10% above area average per sq ft
Potential ROI
+19.1%
After renovation
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

Derwent Terrace, 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
£458
Based on a loan of £93,750 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