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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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3, Pearson Street, Spennymoor is described in the public record as a period house with 850 ft2 of internal area, sitting on a 62.9 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 3, Pearson Street, Spennymoor is £63,160 and its rental estimate is £464 per month, given the available information and assuming reasonable condition.
Pearson Street, Spennymoor, DL16 falls within the DL16 postal district.
3, Pearson Street, Spennymoor has no recent1 records in the the Land Registry and a single entry in the EPC database dated February 2014.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 3, Pearson Street, Spennymoor, we estimate a market value of £66,318 and a rental value of £487 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £58,739 and £431 per month respectively.
Over the last year, 3, Pearson Street, Spennymoor has seen its estimated sale value fall by £864 (1.4%) and its estimated rental value move up by £13 per month (2.9%). This results in an estimated gross rental yield of 8.8%.
HM Land Registry records the plot of land for 3, Pearson Street, Spennymoor as measuring 63 m2.
That makes it the 12th largest plot in the postcode, where 37 of the 38 other houses have recorded plot data.
3, Pearson Street, Spennymoor has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Feb 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 3, Pearson Street, Spennymoor completed on 14th June 2004 at £57,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Over the past 2 years 3 properties similar to 3, Pearson Street, Spennymoor have sold within a radius of 770 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st May 2024, was 53, Salvin Street, Spennymoor, DL16 6HF, a leasehold house which sold for £30,000.
Read more about house prices in DL16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 38 addresses on Pearson Street, Spennymoor, DL16, 3, Pearson Street, Spennymoor comes out as the 17th largest and the 17th most expensive in our analysis of the public data.
It is also £82k less expensive than the average property across the DL16 district.
From 3, Pearson Street, Spennymoor, the nearest station is Bishop Auckland, 7.7 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Pearson Street, Spennymoor, 38.9% of property is privately rented and 27.0% is privately owned outright.
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, Pearson Street, Spennymoor, 17.9% of residents are recorded as possessing school level qualifications and 21.2% 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 3, Pearson Street, Spennymoor, the average age was 38.7 and the most common age was 32.
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, Pearson Street, 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, Pearson Street, Spennymoor, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.
