20, Gibside Way
20, Gibside Way
Description & Estimates
Public records show 20, Gibside Way, Spennymoor to be a modern freehold house with 828 ft2 of internal area.
In this area, houses of this size normally have 3 bedrooms with a garden.
20, Gibside Way, Spennymoor has an estimated sale value of £183,024 and an estimated rental value of £996 per month, assuming reasonable condition and based on the information available.
Gibside Way, Spennymoor, DL16 lies within the DL16 postal district.
Our Data Sources
20, Gibside Way, Spennymoor has a single entry in the Land Registry from September 2021 and a single entry in the EPC database dated August 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 20, Gibside Way, Spennymoor would be worth £192,175, with a potential rental value of £1,045 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £170,212, with a rental value of £926 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 20, Gibside Way, Spennymoor has decreased by £2,505 (1.4%) over the last year. During the same period, its estimated monthly rental value has grown by £29 (2.9%). The property's estimated gross yield is currently 6.5%.
Energy Efficiency
20, Gibside Way, Spennymoor has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Aug 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
20, Gibside Way, Spennymoor last changed hands on 16th September 2021, selling for £159,995. 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 8.6% since September 2021.
- Sold Sep 2021£159,995
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 740 metres of 20, Gibside Way, Spennymoor across the last 2 years.
Most recently, 37, Gibside Way, Spennymoor, DL16 7GQ, a freehold house, sold at £140,000 on the 9th May 2024.
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
Our analysis of the public data ranks 20, Gibside Way, Spennymoor as the 33rd largest and the 39th most expensive of the 75 addresses on Gibside Way, Spennymoor, DL16.
Against the DL16 postcode district average, it is £38k 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
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Public Transport Nearby
Bishop Auckland station is the nearest stop to 20, 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.
