7, Gibside Way
7, Gibside Way
Description & Estimates
7, Gibside Way, Spennymoor is recorded publicly as a modern freehold house across 850 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 7, Gibside Way, Spennymoor is £188,375 and its rental estimate is £1,017 per month, given the available information and assuming reasonable condition.
Gibside Way, Spennymoor, DL16 falls within the DL16 postal district.
Our Data Sources
7, Gibside Way, Spennymoor has a single entry in the Land Registry from October 2020 and a single entry in the EPC database dated March 2020.
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 7, Gibside Way, Spennymoor, we estimate a market value of £197,793 and a rental value of £1,068 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £175,188 and £946 per month respectively.
Recent Market Change
Over the last year, 7, Gibside Way, Spennymoor has seen its estimated sale value decrease by £2,578 (1.4%) and its estimated rental value grow by £29 per month (2.9%). This results in an estimated gross rental yield of 6.5%.
Energy Efficiency
7, Gibside Way, Spennymoor has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Mar 2020.
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 7, Gibside Way, Spennymoor completed on 30th October 2020 at £176,995 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 2.6% over the period since October 2020.
- Sold Oct 2020£176,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Gibside Way, Spennymoor have sold within a radius of 680 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th January 2025, was 9, Gibside Way, Spennymoor, DL16 7GQ, a freehold house which sold for £215,000.
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
Of the 75 addresses on Gibside Way, Spennymoor, DL16, 7, Gibside Way, Spennymoor comes out as the 24th largest and the 24th most expensive in our analysis of the public data.
It is also £43k 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 7, 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.
