3, Burn Terrace
3, Burn Terrace
Description & Estimates
The public record lists 3, Burn Terrace, Spennymoor as a freehold house sitting on a 67 m2 plot.
Comparison with its neighbours suggests a period house with 915 ft2 of internal area and a garden.
In this area, houses of this size normally have 3 bedrooms.
3, Burn Terrace, Spennymoor has an estimated sale value of £120,192 and an estimated rental value of £822 per month, assuming reasonable condition and based on the information available.
Burn Terrace, Spennymoor, DL16 lies within the DL16 postal district.
Our Data Sources
3, Burn Terrace, Spennymoor has 21 entries in the Land Registry , most recently in January 2007 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 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 3, Burn Terrace, Spennymoor would be worth £126,201, with a potential rental value of £863 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £111,778, with a rental value of £764 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 3, Burn Terrace, Spennymoor has moved down by £1,645 (1.4%) over the last year. During the same period, its estimated monthly rental value has increased by £24 (2.9%). The property's estimated gross yield is currently 8.2%.
Plot Size
3, Burn Terrace, Spennymoor occupies a 67 m2 plot as recorded by HM Land Registry.
All 11 other houses in this postcode have recorded plot sizes, and this one ranks as the 6th largest.
Sold Prices
3, Burn Terrace, Spennymoor last changed hands on 4th January 2007, selling for £79,950. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 35.4% since January 2007.
- Sold Jan 2007£79,950
- Sold Jun 1999£19,750
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 600 metres of 3, Burn Terrace, Spennymoor across the last 2 years.
Most recently, 15, Burn Terrace, Spennymoor, DL16 6DS, a freehold house, sold at £55,000 on the 24th February 2023.
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 3, Burn Terrace, Spennymoor as the 6th largest and the 6th most expensive of the 11 addresses on Burn Terrace, Spennymoor, DL16.
Against the DL16 postcode district average, it is £25k less expensive than the typical property.
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Schools Nearby
- 200mKing Street Primary School
- 300mSpringmoor Grange School
- 500mSt Charles' Catholic Primary School, Tudhoe
- 1.3kmWhitworth Park Academy
- 2.5kmFerryhill School
- 5.9kmParkside Academy
More reading links
Public Transport Nearby
Bishop Auckland station is the nearest stop to 3, Burn Terrace, Spennymoor at 7.2 kilometres away.
- 7.2kmBishop Auckland
- 8.6kmDurham
- 8.8kmShildon
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
