57, Gibside Way
57, Gibside Way
Description & Estimates
57, Gibside Way, Spennymoor is recorded publicly as a modern freehold house across 613 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 57, Gibside Way, Spennymoor is £157,249 and its rental estimate is £900 per month, given the available information and assuming reasonable condition.
Gibside Way, Spennymoor, DL16 falls within the DL16 postal district.
Our Data Sources
57, Gibside Way, Spennymoor has a single entry in the Land Registry from March 2021 and a single entry in the EPC database dated March 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
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 57, Gibside Way, Spennymoor, we estimate a market value of £165,111 and a rental value of £945 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £146,241 and £837 per month respectively.
Recent Market Change
Over the last year, 57, Gibside Way, Spennymoor has seen its estimated sale value drop by £2,152 (1.4%) and its estimated rental value rise by £26 per month (2.9%). This results in an estimated gross rental yield of 6.9%.
Energy Efficiency
57, Gibside Way, Spennymoor has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Mar 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
The most recent sale of 57, Gibside Way, Spennymoor completed on 19th March 2021 at £127,995 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 4.8% over the period since March 2021.
- Sold Mar 2021£127,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 57, Gibside Way, Spennymoor have sold within a radius of 720 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th August 2022, was 32, Gibside Way, Spennymoor, DL16 7GQ, a leasehold house which sold for £52,197.
Read more about house prices in DL16.
- Sold Aug 2022£52,197 | 3 Bed House32, Gibside Way, Spennymoor, DL16 7GQ32, Gibside Way, Spennymoor, DL16 7GQ
- Sold Mar 2021£119,695 | 3 Bed House59, Gibside Way, Spennymoor, DL16 7GQ59, Gibside Way, Spennymoor, DL16 7GQ
- Sold Sep 2020£120,995 | 3 Bed House23, Gibside Way, Spennymoor, DL16 7GQ23, Gibside Way, Spennymoor, DL16 7GQ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 75 addresses on Gibside Way, Spennymoor, DL16, 57, Gibside Way, Spennymoor comes out as the 68th largest and the 70th most expensive in our analysis of the public data.
It is also £12k more expensive than the average property across the DL16 district.
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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
More reading links
Public Transport Nearby
From 57, Gibside Way, Spennymoor, the nearest station is Bishop Auckland, 6.5 kilometres away.
- 6.5kmBishop Auckland
- 8.6kmShildon
- 8.7kmDurham
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
