36, Gibside Way
36, Gibside Way
Description & Estimates
Public records show 36, Gibside Way, Spennymoor to be a modern freehold house with 775 ft2 of internal area.
In this area, houses of this size normally have 3 bedrooms with a garden.
36, Gibside Way, Spennymoor has an estimated sale value of £183,884 and an estimated rental value of £1,018 per month, assuming reasonable condition and based on the information available.
Gibside Way, Spennymoor, DL16 lies within the DL16 postal district.
Our Data Sources
36, Gibside Way, Spennymoor has a single entry in the Land Registry from August 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 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 36, Gibside Way, Spennymoor would be worth £193,078, with a potential rental value of £1,069 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £171,012, with a rental value of £947 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 36, Gibside Way, Spennymoor has moved down by £2,516 (1.4%) over the last year. During the same period, its estimated monthly rental value has increased by £29 (2.9%). The property's estimated gross yield is currently 6.6%.
Energy Efficiency
36, Gibside 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.
Sold Prices
36, Gibside Way, Spennymoor last changed hands on 26th August 2022, selling for £224,995. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 17.6% since August 2022.
- Sold Aug 2022£224,995
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 770 metres of 36, Gibside Way, Spennymoor across the last 2 years.
Most recently, 48, Gibside Way, Spennymoor, DL16 7GQ, a freehold house, sold at £165,000 on the 18th October 2024.
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 36, Gibside Way, Spennymoor as the 59th largest and the 34th most expensive of the 75 addresses on Gibside Way, Spennymoor, DL16.
Against the DL16 postcode district average, it is £39k 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 36, 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.
