2, Derwent Mews
2, Derwent Mews
Description & Estimates
2, Derwent Mews, Spennymoor is recorded publicly as a modern freehold house across 1,194 ft2 of internal area, sitting on a 391 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 2, Derwent Mews, Spennymoor is £226,310 and its rental estimate is £1,090 per month, given the available information and assuming reasonable condition.
Derwent Mews, Spennymoor, DL16 falls within the DL16 postal district.
Our Data Sources
2, Derwent Mews, Spennymoor has 21 entries in the Land Registry , most recently in May 2017 and a single entry in the EPC database dated April 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Derwent Mews, Spennymoor, we estimate a market value of £237,626 and a rental value of £1,144 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £210,469 and £1,014 per month respectively.
Recent Market Change
Over the last year, 2, Derwent Mews, Spennymoor has seen its estimated sale value fall by £3,405 (1.5%) and its estimated rental value move up by £30 per month (2.7%). This results in an estimated gross rental yield of 5.8%.
Plot Size
HM Land Registry records the plot of land for 2, Derwent Mews, Spennymoor as measuring 391 m2.
Energy Efficiency
2, Derwent Mews, Spennymoor has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Apr 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 2, Derwent Mews, Spennymoor completed on 12th May 2017 at £180,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 26.9% over the period since May 2017.
- Sold May 2017£180,000
- Sold Apr 2004£135,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Derwent Mews, Spennymoor have sold within a radius of 630 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th April 2023, was 10, School Close, Spennymoor, DL16 6GD, a freehold house which sold for £176,000.
Read more about house prices in DL16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 2 addresses on Derwent Mews, Spennymoor, DL16, 2, Derwent Mews, Spennymoor comes out as the 2nd largest and the most expensive in our analysis of the public data.
It is also £81k more expensive than the average property across the DL16 district.
More reading links
Schools Nearby
- 300mNorth Park Primary School
- 300mSt Charles' Catholic Primary School, Tudhoe
- 300mSpringmoor Grange School
- 1.7kmWhitworth Park Academy
- 2.3kmFerryhill School
- 6.4kmParkside Academy
More reading links
Public Transport Nearby
From 2, Derwent Mews, Spennymoor, the nearest station is Bishop Auckland, 7.5 kilometres away.
- 7.5kmBishop Auckland
- 8.5kmDurham
- 9.0kmShildon
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
