Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Be the first Estate
Agent here!
According to the public record, 4, Ormesby Way, Spennymoor is a modern freehold house with 2,368 ft2 of internal area and sits on a 497 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 4, Ormesby Way, Spennymoor is £322,408 and the estimated rental value is £1,425 per month.
Ormesby Way, Spennymoor, DL16 is located within the DL16 postal district.
4, Ormesby Way, Spennymoor has 2 entries in the Land Registry , most recently in March 2022 and a single entry in the EPC database dated January 2016.
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 4, Ormesby Way, Spennymoor is in very good condition we estimate a sale value of £338,528 and a rental value of £1,496 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £299,839 and a rental value of £1,325 per month.
Over the last 12 months the sale value of 4 Ormesby Way Spennymoor has decreased by an estimated £7,561 (2.3%) and its rental value has increased by an estimated £19 per month (1.4%), giving an expected gross yield of 5.3%.
According to data from HM Land Registry, 4, Ormesby Way, Spennymoor sits on a plot of 497m2.
We have plot size data on 16 out of 16 other houses in the postcode and 4, Ormesby Way, Spennymoor sits on the largest plot.
4, Ormesby Way, Spennymoor has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Jan 2016.
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, 4, Ormesby Way, Spennymoor was last sold on 4th March 2022 for £438,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since March 2022, the market for similar properties has risen 14.0%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 930 metres radius of 4, Ormesby Way, Spennymoor over the last 2 years.
The most recent example is 3, Ormesby Way, Spennymoor, DL16 7FN, a freehold house which sold for £292,500 on the 25th November 2022.
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, 4, Ormesby Way, Spennymoor is the largest and the most expensive property on the street.
When compared to the postcode district it is £175k more expensive than the average property in DL16.
The closest station to 4, 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 4, 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 4, 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 4, 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 4, 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.
