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Chestnut Avenue, Spennymoor

North East

£65,000
Listed on 17/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom semi-detached house presents a compelling opportunity for renovation and investment within the Spennymoor area. While it requires modernization, its strategic pricing reflects the potential for transformation into a desirable home or rental property. The ground floor features a spacious lounge that serves as a welcoming focal point. Adjacent is a practical kitchen, which provides direct access to a sizable enclosed garden—an attractive space for outdoor activities or gardening enthusiasts looking to expand their living area outdoors. On the first floor, you will find two generous double bedrooms, each offering ample scope for personalization and design adjustments. A family bathroom is conveniently located on this level, adding to the practicality of daily living. Located just a short walk—approximately 10-15 minutes—from Spennymoor Town Centre, the home enjoys easy access to local amenities such as shops, schools, and public transport links. This suburban setting strikes an appealing balance between quiet residential living and vibrant community engagement. With its renovation potential and desirable location, this property could be ideal for first-time buyers eager to put their own stamp on a home or for investors seeking to capitalize on the area's growth prospects. The combination of features and location makes it worth exploring further.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Chestnut Avenue, Spennymoor
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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
£238
Based on a loan of £48,750 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