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Marmaduke Street, Spennymoor

North East

£199,950
Listed on 18/03/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
824 sqft

Description

This two-bedroom semi-detached home presents a noteworthy opportunity for both homeowners and investors. While the property has undergone considerable refurbishment, there remains significant potential for further enhancement given the spacious plot it occupies. Previously endorsed with planning permission to expand into a four-bedroom residence, this property could easily accommodate larger family needs or offer rental opportunities should you choose to capitalize on its strategic location. The generous garden and sizeable garage/lock-up unit provide ideal spaces for storage or even business operations, pending necessary permissions, making it an attractive prospect for those looking to blend residential living with entrepreneurial ventures. Conveniently situated within walking distance of Spennymoor Town Centre and well-connected to Durham City and major roadways like the A1 and A19, accessibility is a key feature of this property. Internally, the layout includes a welcoming entrance lounge leading to a dining room and a modern kitchen outfitted with essential appliances. The first floor offers two good-sized bedrooms accompanied by a well-maintained shower room. Externally, the manageable forecourt at the front and expansive driveway are particularly advantageous for future developments or enhancements. This property truly possesses an abundance of space and potential waiting to be explored.

Investment Analysis

(DL16 area)

Above Market Value

This property is priced +49.3% above area average per sq ft

+49.3%
This Property
£243/sq ft
Area Average
£163/sq ft
Avg Rent (weekly)
£165
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£147,335
10% above area average per sq ft
Potential ROI
-38.6%
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
41%
Properties sold annually

Local Market Trend (DL16)

Area prices are rising by +3.2% over the last 12 months
3 year growth: +13.3%
5 year growth: +16.6%
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

Marmaduke Street, 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
£721
Based on a loan of £149,962 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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