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Craddock Street, Spennymoor - Image 1

Craddock Street, Spennymoor

North East

£40,000
Listed on 14/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terraced house presents a promising opportunity for those looking to invest in a property with potential. Situated within walking distance of Spennymoor Town Centre and all its amenities, the home consists of an entrance hallway, a combined lounge and dining area, a kitchen, and a first-floor bathroom. The property is fitted with UPVC double-glazed windows and benefits from a gas-fired central heating system. While the house requires some updating, it offers ample scope for refurbishment to enhance its appeal, making it an ideal project for buyers seeking to add value. The external rear yard provides additional outdoor space which could be further developed.

Investment Analysis

(DL16 area)
Area Average
£165/sq ft
Avg Rent (weekly)
£160
Avg Yield
5.0%

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
20
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DL16)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +13.7%
5 year growth: +16.4%
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

Craddock Street, Spennymoor
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£142
Based on a loan of £30,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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