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Deneside, Spennymoor

North East

£63,000
Listed on 07/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terraced home in the desirable Deneside area of Spennymoor presents a valuable investment opportunity or potential family residence. While the property features essential amenities such as gas central heating and UPVC double glazing, it requires some updating to meet modern standards, making it an ideal project for buyers looking to enhance its value. The layout includes a generous entrance hallway, leading to a spacious lounge and an open-plan kitchen/dining area with ample space for dining arrangements. A utility room and ground floor W/C provide additional convenience. On the upper level, three well-sized bedrooms are complemented by a family bathroom and an additional W/C. Outside, the property offers a manageable front garden and driveway, along with a sizeable enclosed garden at the rear that boasts potential for landscaping or recreational use. With its strategic position near local schools, shops, and transport links to Durham City, Darlington, and Teesside, this property is ripe for renovation while being accessible for everyday needs.

Investment Analysis

(DL16 area)
Area Average
£163/sq ft
Avg Rent (weekly)
£157
Avg Yield
4.9%

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
21
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DL16)

Area prices are stable by -0.8% over the last 12 months
3 year growth: +10.8%
5 year growth: +13.3%
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

Deneside, Spennymoor
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£225
Based on a loan of £47,250 over 30 years at 3.97% 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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