14, Gibside Way
14, Gibside Way
Description & Estimates
Public records show 14, Gibside Way, Spennymoor to be a modern freehold house with 775 ft2 of internal area, sitting on a 127 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
14, Gibside Way, Spennymoor has an estimated sale value of £176,937 and an estimated rental value of £980 per month, assuming reasonable condition and based on the information available.
Gibside Way, Spennymoor, DL16 lies within the DL16 postal district.
Our Data Sources
14, Gibside Way, Spennymoor has a single entry in the Land Registry from June 2021 and a single entry in the EPC database dated June 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 14, Gibside Way, Spennymoor would be worth £185,784, with a potential rental value of £1,029 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £164,552, with a rental value of £911 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 14, Gibside Way, Spennymoor has fallen by £2,421 (1.4%) over the last year. During the same period, its estimated monthly rental value has moved up by £28 (2.9%). The property's estimated gross yield is currently 6.6%.
Plot Size
14, Gibside Way, Spennymoor occupies a 127 m2 plot as recorded by HM Land Registry.
Of the 75 other houses in this postcode, 30 have recorded plot sizes, and this one ranks as the 25th largest.
Energy Efficiency
14, Gibside Way, Spennymoor has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Jun 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
14, Gibside Way, Spennymoor last changed hands on 25th June 2021, selling for £137,995. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 7.3% since June 2021.
- Sold Jun 2021£137,995
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 720 metres of 14, Gibside Way, Spennymoor across the last 2 years.
Most recently, 5, Allerton Way, Spennymoor, DL16 7FQ, a freehold house, sold at £175,000 on the 25th September 2024.
Read more about house prices in DL16.
- Sold Sep 2024£175,000 | 3 Bed House5, Allerton Way, Spennymoor, DL16 7FQ5, Allerton Way, Spennymoor, DL16 7FQ
- Sold Jul 2022£26,398 | 3 Bed House34, Gibside Way, Spennymoor, DL16 7GQ34, Gibside Way, Spennymoor, DL16 7GQ
- Sold Jun 2021£139,995 | 3 Bed House16, Gibside Way, Spennymoor, DL16 7GQ16, Gibside Way, Spennymoor, DL16 7GQ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 14, Gibside Way, Spennymoor as the 62nd largest and the 62nd most expensive of the 75 addresses on Gibside Way, Spennymoor, DL16.
Against the DL16 postcode district average, it is £32k more expensive than the typical property.
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Schools Nearby
- 800mRosa Street Primary and Nursery Academy
- 900mKing Street Primary School
- 1.2kmSpringmoor Grange School
- 900mWhitworth Park Academy
- 3.3kmFerryhill School
- 4.9kmParkside Academy
More reading links
Public Transport Nearby
Bishop Auckland station is the nearest stop to 14, Gibside Way, Spennymoor at 6.5 kilometres away.
- 6.5kmBishop Auckland
- 8.6kmShildon
- 8.7kmDurham
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
