8, Gibside Way
8, Gibside Way
Description & Estimates
According to the public record, 8, Gibside Way, Spennymoor is a modern freehold house with 613 ft2 of internal area and sits on a 140 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 8, Gibside Way, Spennymoor is £155,969 and the estimated rental value is £893 per month.
Gibside Way, Spennymoor, DL16 is located within the DL16 postal district.
Our Data Sources
8, Gibside Way, Spennymoor has a single entry in the Land Registry from June 2020 and a single entry in the EPC database dated May 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
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 8, Gibside Way, Spennymoor is in very good condition we estimate a sale value of £163,767 and a rental value of £938 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £145,051 and a rental value of £831 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 8, Gibside Way, Spennymoor has declined by £2,134 (1.4%), while its estimated rental value has climbed by £26 per month (2.9%). Based on current estimates, the property offers a gross rental yield of 6.9%.
Plot Size
According to data from HM Land Registry, 8, Gibside Way, Spennymoor sits on a plot of 140 m2.
We have plot size data on 30 out of 75 other houses in the postcode and 8, Gibside Way, Spennymoor sits on the 22nd largest plot.
Energy Efficiency
8, Gibside Way, Spennymoor has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 May 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
According to HM Land Registry, 8, Gibside Way, Spennymoor was last sold on 26th June 2020 for £122,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since June 2020, the market for similar properties has risen by 0.6%.
- Sold Jun 2020£122,995
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Gibside Way, Spennymoor within a radius of 690 metres over the last 2 years.
The most recent example is 19, Gibside Way, Spennymoor, DL16 7GQ, a freehold house which sold for £120,995 on the 25th September 2020.
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
Gibside Way, Spennymoor, DL16 has a total of 75 addresses. According to our analysis of all the public data, 8, Gibside Way, Spennymoor is the 75th largest and the 72nd most expensive property on the street.
When compared to the postcode district it is £11k more expensive than the average property in DL16.
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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
The closest station to 8, Gibside Way, Spennymoor is Bishop Auckland station, which is 6.5 kilometres away.
- 6.5kmBishop Auckland
- 8.6kmShildon
- 8.7kmDurham
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
