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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 3, Ormesby Way, Spennymoor is a modern freehold house with 1,485 ft2 of internal area and sits on a 243 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Ormesby Way, Spennymoor is £252,822 and the estimated rental value is £1,088 per month.
Ormesby Way, Spennymoor, DL16 is located within the DL16 postal district.
3, Ormesby Way, Spennymoor has 2 entries in the Land Registry , most recently in November 2022 and a single entry in the EPC database dated August 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 3, Ormesby Way, Spennymoor is in very good condition we estimate a sale value of £265,463 and a rental value of £1,143 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £235,124 and a rental value of £1,012 per month.
Over the last 12 months the sale value of 3 Ormesby Way Spennymoor has decreased by an estimated £3,047 (1.2%) and its rental value has increased by an estimated £36 per month (3.3%), giving an expected gross yield of 5.2%.
According to data from HM Land Registry, 3, Ormesby Way, Spennymoor sits on a plot of 243m2.
We have plot size data on 16 out of 16 other houses in the postcode and 3, Ormesby Way, Spennymoor sits on the 10th largest plot.
3, Ormesby Way, Spennymoor has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Aug 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 3, Ormesby Way, Spennymoor was last sold on 25th November 2022 for £292,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since November 2022, the market for similar properties has dropped 12.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Ormesby Way, Spennymoor within a radius of 920 metres over the last 2 years.
The most recent example is 5, Castle Howard Court, Spennymoor, DL16 7GJ, a freehold house which sold for £265,000 on the 30th April 2024.
Read more about house prices in DL16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ormesby Way, Spennymoor, DL16 has a total of 16 addresses. According to our analysis of all the public data, 3, Ormesby Way, Spennymoor is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £106k more expensive than the average property in DL16.
The closest station to 3, Ormesby Way, 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 3, Ormesby Way, Spennymoor, % of property is and % is .
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 3, Ormesby Way, Spennymoor, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 3, Ormesby Way, 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 3, Ormesby Way, Spennymoor, there are an average of 0.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
