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West Terrace, Spennymoor

North East

£45,000

Listed on 27/05/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace home in Spennymoor offers tremendous potential for those looking to invest in a property with renovation opportunities. With its convenient location just half a mile from the town centre, residents will enjoy easy access to local amenities, schools, and transport links connecting to Bishop Auckland and Durham City. The layout includes an entrance hallway leading to a spacious lounge, a separate dining room, and a kitchen on the ground floor, while the first floor features two generously sized double bedrooms along with a bathroom and separate WC. Outside, there's an easily manageable forecourt at the front and an enclosed yard at the back. This property is perfect for investors or homeowners willing to undertake refurbishment work to maximize its value.

Investment Analysis

(DL16 area)
Area Average
£162/sq ft
Avg Rent (weekly)
£148
Avg Yield
4.5%

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
24
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DL16)

Area prices are stable by -0.3% over the last 12 months
3 year growth: +10.7%
5 year growth: +14.5%
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

West Terrace, Spennymoor
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£170
Based on a loan of £33,750 over 30 years at 4.45% 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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