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North Street, Spennymoor, Durham, DL16

North East

£90,000

Listed on 20/06/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This spacious terraced home offers a wealth of potential for those looking to invest in a property that they can truly make their own. Located in the residential area of Spennymoor, this property boasts more space than it initially appears, featuring generous room sizes and practical storage solutions. The sizable rear garage and workshop add further value, presenting opportunities for modernisation or personal projects. Ideal for first-time buyers or investors, this home provides a solid framework to enhance its appeal over time. The well-maintained interior exudes warmth while inviting cosmetic improvements that align with contemporary styles. The welcoming entrance hallway leads to a bright principal reception room characterized by high ceilings, ample natural light, and a traditional fireplace—perfect for transformation into an elegant living area. Continuing through the ground floor, the separate dining room is exceptionally versatile, suitable for family gatherings or as an additional lounge and flooded with light from large windows that connect to the outdoor area. The kitchen is functional with decent storage and work surface areas; though some updating could elevate its style, it offers a robust layout perfect for a future renovation. The first floor houses generously sized bedrooms, including a notably spacious principal suite that has immense potential to be turned into an impressive master retreat. A second bedroom also offers flexibility for family accommodation or workspace needs. The bathroom adds scope for modern touch-ups, allowing the new owner to inject personal style while enhancing property value. Outside, the enclosed courtyard presents low-maintenance outdoor space ideal for relaxation or entertaining. The expansive garage/workshop extends the property's utility—a rare find in similar homes in this price bracket—ideal for any enthusiast looking to undertake DIY projects or seeking secure storage options. Combined with generous proportions and notable refurbishment opportunities throughout, this home not only provides immediate comfort but also represents an exciting project for those eager to personalise their living environment.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
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

North Street, Spennymoor, Durham, DL16
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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
£340
Based on a loan of £67,500 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.

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