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North Road, Spennymoor, County Durham, DL16 - Image 1
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North Road, Spennymoor, County Durham, DL16

North East

£149,950
Listed on 14/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached property presents a notable opportunity for renovation and investment, situated on a sizable plot with significant land extending to the side and rear. The expansive outdoor space not only adds to the property’s appeal but also offers potential for development, whether through extending the existing structure or possibly building a new dwelling (subject to obtaining the necessary planning permissions). Internally, while the property does require modernization, it encompasses approximately 100 square meters of living space. The layout features an entrance hall that leads into a lounge and dining room, providing distinct areas for relaxation and entertaining. The kitchen completes the ground floor. Upstairs, you will find three bedrooms along with a bathroom, allowing ample room for family living or accommodating guests. Outside, the generous gardens enhance both privacy and usability, offering vast outdoor space that could be transformed into additional amenities or landscaped for enjoyment. A driveway alongside a detached garage provides convenient off-street parking options. Located less than one mile from Spennymoor Town Centre and approximately five miles from Durham City and the A1(M), this property benefits from easy access to local amenities and transportation links, making it an attractive option for future tenants or buyers. Given its potential for development and investment in this growing area, viewing is highly recommended to fully appreciate all that this property has to offer.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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 Road, 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
£549
Based on a loan of £112,462 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.

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