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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 7, Faraday Close, Spennymoor is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,057 ft2 of internal area and sits on a 138 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Faraday Close, Spennymoor is £174,305 and the estimated rental value is £892 per month.
Faraday Close, Spennymoor, DL16 is located within the DL16 postal district.
7, Faraday Close, Spennymoor has a single entry in the Land Registry from April 2014 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 7, Faraday Close, Spennymoor is in very good condition we estimate a sale value of £183,020 and a rental value of £937 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £162,104 and a rental value of £830 per month.
Over the last 12 months the sale value of 7 Faraday Close Spennymoor has increased by an estimated £1,053 (0.6%) and its rental value has increased by an estimated £34 per month (3.8%), giving an expected gross yield of 6.1%.
According to data from HM Land Registry, 7, Faraday Close, Spennymoor sits on a plot of 138m2.
We have plot size data on 39 out of 40 other houses in the postcode and 7, Faraday Close, Spennymoor sits on the 30th largest plot.
According to HM Land Registry, 7, Faraday Close, Spennymoor was last sold on 11th April 2014 for £137,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since April 2014, the market for similar properties has risen 42.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Faraday Close, Spennymoor within a radius of 850 metres over the last 2 years.
The most recent example is 10, Faraday Close, Spennymoor, DL16 7UY, a freehold house which sold for £165,000 on the 23rd October 2024.
Read more about house prices in DL16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Faraday Close, Spennymoor, DL16 has a total of 40 addresses. According to our analysis of all the public data, 7, Faraday Close, Spennymoor is the 7th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £27k more expensive than the average property in DL16.
The closest station to 7, Faraday Close, Spennymoor is Bishop Auckland station which is 7.2 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 7, Faraday Close, 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 7, Faraday Close, 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 7, Faraday Close, 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 7, Faraday Close, 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.
