3, Wansbeck Close
3, Wansbeck Close
Description & Estimates
3, Wansbeck Close, Spennymoor is recorded publicly as a mid-century leasehold apartment across 516 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 3, Wansbeck Close, Spennymoor is £51,425 and its rental estimate is £372 per month, given the available information and assuming reasonable condition.
Wansbeck Close, Spennymoor, DL16 falls within the DL16 postal district.
Our Data Sources
3, Wansbeck Close, Spennymoor has 41 entries in the Land Registry , most recently in October 2021 and a single entry in the EPC database dated February 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
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, Wansbeck Close, Spennymoor, we estimate a market value of £53,996 and a rental value of £391 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £47,825 and £346 per month respectively.
Recent Market Change
Over the last year, 3, Wansbeck Close, Spennymoor has seen its estimated sale value drop by £1,391 (2.7%) and its estimated rental value rise by £6 per month (1.5%). This results in an estimated gross rental yield of 8.7%.
Energy Efficiency
3, Wansbeck Close, Spennymoor has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Feb 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 3, Wansbeck Close, Spennymoor completed on 21st October 2021 at £49,950 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 11.3% over the period since October 2021.
- Sold Oct 2021£49,950
- Sold Feb 2013£43,000
- Sold Feb 2008£79,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 920 metres of 3, Wansbeck Close, Spennymoor, per the Land Registry and our network of Estate Agents.
The latest, on the 14th July 2023, was 4, Wansbeck Close, Spennymoor, DL16 6XH, a leasehold flat which sold for £46,000.
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
Of the 17 addresses on Wansbeck Close, Spennymoor, DL16, 3, Wansbeck Close, Spennymoor comes out as the 15th largest and the 16th most expensive in our analysis of the public data.
It is also £94k less expensive than the average property across the DL16 district.
More reading links
Schools Nearby
- 900mKing Street Primary School
- 1.0kmSpringmoor Grange School
- 1.1kmSt Charles' Catholic Primary School, Tudhoe
- 1.6kmWhitworth Park Academy
- 3.5kmFerryhill School
- 5.2kmParkside Academy
More reading links
Public Transport Nearby
From 3, Wansbeck Close, Spennymoor, the nearest station is Bishop Auckland, 7.3 kilometres away.
- 7.3kmBishop Auckland
- 8.0kmDurham
- 9.4kmShildon
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
