8, Chestnut Avenue
8, Chestnut Avenue
Description & Estimates
8, Chestnut Avenue, Spennymoor is recorded publicly as an early-century freehold house across 1,496 ft2 of internal area, sitting on a 263 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 8, Chestnut Avenue, Spennymoor is £124,393 and its rental estimate is £807 per month, given the available information and assuming reasonable condition.
Chestnut Avenue, Spennymoor, DL16 falls within the DL16 postal district.
Our Data Sources
8, Chestnut Avenue, Spennymoor has 31 entries in the Land Registry , most recently in March 2022 and a single entry in the EPC database dated August 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 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 8, Chestnut Avenue, Spennymoor, we estimate a market value of £130,612 and a rental value of £848 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £115,685 and £751 per month respectively.
Recent Market Change
Over the last year, 8, Chestnut Avenue, Spennymoor has seen its estimated sale value decrease by £1,871 (1.5%) and its estimated rental value grow by £22 per month (2.7%). This results in an estimated gross rental yield of 7.8%.
Plot Size
HM Land Registry records the plot of land for 8, Chestnut Avenue, Spennymoor as measuring 263 m2.
That makes it the 2nd largest plot in the postcode, where 17 of the 22 other houses have recorded plot data.
Energy Efficiency
8, Chestnut Avenue, Spennymoor has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Aug 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 8, Chestnut Avenue, Spennymoor completed on 2nd March 2022 at £114,950 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 12.8% over the period since March 2022.
- Sold Mar 2022£114,950
- Sold Jul 2007£124,950
- Sold Aug 2003£59,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Chestnut Avenue, Spennymoor have sold within a radius of 640 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th December 2024, was 1, Chestnut Avenue, Spennymoor, DL16 7SN, a freehold house which sold for £125,000.
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 84 addresses on Chestnut Avenue, Spennymoor, DL16, 8, Chestnut Avenue, Spennymoor comes out as the 3rd largest and the 6th most expensive in our analysis of the public data.
It is also £21k less expensive than the average property across the DL16 district.
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Schools Nearby
- 200mMiddlestone Moor Academy
- 500mRosa Street Primary and Nursery Academy
- 1.2kmKing Street Primary School
- 400mWhitworth Park Academy
- 2.3kmFerryhill School
- 5.3kmKing James I Academy Bishop Auckland
More reading links
Public Transport Nearby
From 8, Chestnut Avenue, Spennymoor, the nearest station is Bishop Auckland, 5.9 kilometres away.
- 5.9kmBishop Auckland
- 7.6kmShildon
- 8.9kmNewton Aycliffe
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
