3, Gibside Way
3, Gibside Way
Description & Estimates
Public records show 3, Gibside Way, Spennymoor to be a modern freehold house with 828 ft2 of internal area, sitting on a 137 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
3, Gibside Way, Spennymoor has an estimated sale value of £185,675 and an estimated rental value of £1,010 per month, assuming reasonable condition and based on the information available.
Gibside Way, Spennymoor, DL16 lies within the DL16 postal district.
Our Data Sources
3, Gibside Way, Spennymoor has 2 entries in the Land Registry , most recently in November 2023 and a single entry in the EPC database dated December 2022.
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 3, Gibside Way, Spennymoor would be worth £194,959, with a potential rental value of £1,061 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £172,678, with a rental value of £939 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, Gibside Way, Spennymoor has declined by £2,541 (1.4%) over the last year. During the same period, its estimated monthly rental value has climbed by £29 (2.9%). The property's estimated gross yield is currently 6.5%.
Plot Size
3, Gibside Way, Spennymoor occupies a 137 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 23rd largest.
Energy Efficiency
3, Gibside Way, Spennymoor has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Dec 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
3, Gibside Way, Spennymoor last changed hands on 27th November 2023, selling for £171,000. 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 dropped by 18.2% since November 2023.
- Sold Nov 2023£171,000
- Sold Mar 2023£172,995
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 650 metres of 3, Gibside Way, Spennymoor across the last 2 years.
Most recently, 9, Gibside Way, Spennymoor, DL16 7GQ, a freehold house, sold at £215,000 on the 24th January 2025.
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, Gibside Way, Spennymoor as the 29th largest and the 27th most expensive of the 75 addresses on Gibside Way, Spennymoor, DL16.
Against the DL16 postcode district average, it is £41k 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 3, 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.
