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York Hill Crescent, Spennymoor

North East

£80,000
Listed on 26/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
775 sqft

Description

This three-bedroom mid-terraced property presents a promising opportunity for renovation and investment. Located within easy reach of local schools and public transport options connecting to Darlington, Durham City, and Spennymoor Town Centre, the home has good potential for first-time buyers or investors seeking to add value. The residence features UPVC double glazing and gas central heating, which are advantageous for energy efficiency. Inside, the layout includes a welcoming entrance hall leading to a spacious lounge and an adequately sized kitchen/dining area. The first floor consists of three well-proportioned bedrooms along with a family bathroom. While the current condition is livable, there is room for improvement in terms of modernization. Externally, the property offers a manageable front garden that could be transformed into a driveway with the appropriate planning permissions. The rear garden is expansive and enclosed, providing ample space for outdoor activities or even potential landscaping projects. Given its current state and desirable location, this home is worth exploring further for those looking to invest in renovations that could significantly enhance its value.

Investment Analysis

(DL16 area)

Below Market Value

This property is priced -36.6% below area average per sq ft

-36.6%
Potential saving
This Property
£103/sq ft
Area Average
£163/sq ft
Avg Rent (weekly)
£158
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£138,872
10% above area average per sq ft
Potential ROI
+32.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (DL16)

Area prices are rising by +2.9% over the last 12 months
3 year growth: +13.9%
5 year growth: +15.5%
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

York Hill Crescent, Spennymoor
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£289
Based on a loan of £60,000 over 30 years at 4.06% 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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