37, Gibside Way
37, Gibside Way
Description & Estimates
According to the public record, 37, Gibside Way, Spennymoor is a modern freehold house with 828 ft2 of internal area and sits on a 141 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 37, Gibside Way, Spennymoor is £179,450 and the estimated rental value is £976 per month.
Gibside Way, Spennymoor, DL16 is located within the DL16 postal district.
Our Data Sources
37, Gibside Way, Spennymoor has 2 entries in the Land Registry , most recently in May 2024 and a single entry in the EPC database dated February 2021.
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
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 37, Gibside Way, Spennymoor is in very good condition we estimate a sale value of £188,422 and a rental value of £1,025 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,888 and a rental value of £908 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 37, Gibside Way, Spennymoor has decreased by £2,456 (1.4%), while its estimated rental value has grown by £28 per month (2.9%). Based on current estimates, the property offers a gross rental yield of 6.5%.
Plot Size
According to data from HM Land Registry, 37, Gibside Way, Spennymoor sits on a plot of 141 m2.
We have plot size data on 30 out of 75 other houses in the postcode and 37, Gibside Way, Spennymoor sits on the 20th largest plot.
Energy Efficiency
37, Gibside Way, Spennymoor has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Feb 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 37, Gibside Way, Spennymoor was last sold on 9th May 2024 for £140,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2024, the market for similar properties has dropped by 20.5%.
- Sold May 2024£140,000
- Sold Mar 2021£150,495
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 37, Gibside Way, Spennymoor within a radius of 700 metres over the last 2 years.
The most recent example is 3, Gibside Way, Spennymoor, DL16 7GQ, a freehold house which sold for £171,000 on the 27th November 2023.
Read more about house prices in DL16.
- Sold Nov 2023£171,000 | 3 Bed House3, Gibside Way, Spennymoor, DL16 7GQ3, Gibside Way, Spennymoor, DL16 7GQ
- Sold Mar 2021£148,995 | 3 Bed House39, Gibside Way, Spennymoor, DL16 7GQ39, Gibside Way, Spennymoor, DL16 7GQ
- Sold Feb 2021£146,295 | 3 Bed House41, Gibside Way, Spennymoor, DL16 7GQ41, Gibside Way, Spennymoor, DL16 7GQ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Gibside Way, Spennymoor, DL16 has a total of 75 addresses. According to our analysis of all the public data, 37, Gibside Way, Spennymoor is the 27th largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £34k more expensive than the average property in DL16.
More reading links
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
More reading links
Public Transport Nearby
The closest station to 37, Gibside Way, Spennymoor is Bishop Auckland station, which is 6.5 kilometres away.
- 6.5kmBishop Auckland
- 8.6kmShildon
- 8.7kmDurham
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
