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Company No. 11113204
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According to the public record, 2, St. Pauls Close, Spennymoor is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, St. Pauls Close, Spennymoor is £53,252 and the estimated rental value is £382 per month.
St. Pauls Close, Spennymoor, DL16 is located within the DL16 postal district.
2, St. Pauls Close, Spennymoor has 41 entries in the Land Registry , most recently in October 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, St. Pauls Close, Spennymoor is in very good condition we estimate a sale value of £55,915 and a rental value of £401 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £49,524 and a rental value of £355 per month.
Over the last 12 months the sale value of 2 St. Pauls Close Spennymoor has decreased by an estimated £1,441 (2.7%) and its rental value has increased by an estimated £6 per month (1.5%), giving an expected gross yield of 8.6%.
According to HM Land Registry, 2, St. Pauls Close, Spennymoor was last sold on 7th October 2016 for £42,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since October 2016, the market for similar properties has dropped 11.7%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 2, St. Pauls Close, Spennymoor within a radius of 590 metres over the last 2 years.
The most recent example is Flat 4, The Old Police Station, Dundas Street, Spennymoor, DL16 6AR, a leasehold flat which sold for £37,500 on the 3rd December 2019.
Read more about house prices in DL16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Pauls Close, Spennymoor, DL16 has a total of 40 addresses. According to our analysis of all the public data, 2, St. Pauls Close, Spennymoor is the 27th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £92k less expensive than the average property in DL16.
The closest station to 2, St. Pauls Close, Spennymoor is Bishop Auckland station which is 6.2 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, St. Pauls Close, Spennymoor, 45.8% of property is privately owned with a mortgage and 26.0% is privately rented.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, St. Pauls Close, Spennymoor, 16.9% of residents are recorded as possessing school level qualifications and 26.5% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, St. Pauls Close, Spennymoor, the average age was 41.4 and the most common age was 52.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, St. Pauls Close, Spennymoor, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, St. Pauls Close, Spennymoor, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.
