85, Gibside Way
85, Gibside Way
Description & Estimates
85, Gibside Way, Spennymoor is described in the public record as a modern house with 764 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 85, Gibside Way, Spennymoor is £178,240 and its rental estimate is £991 per month, given the available information and assuming reasonable condition.
Gibside Way, Spennymoor, DL16 falls within the DL16 postal district.
Our Data Sources
85, Gibside Way, Spennymoor has no records in the the Land Registry and a single entry in the EPC database dated August 2022.
We combine this information with public data 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 85, Gibside Way, Spennymoor, we estimate a market value of £187,151 and a rental value of £1,040 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £165,763 and £921 per month respectively.
Recent Market Change
Over the last year, 85, Gibside Way, Spennymoor has seen its estimated sale value decrease by £2,439 (1.4%) and its estimated rental value grow by £29 per month (2.9%). This results in an estimated gross rental yield of 6.7%.
Energy Efficiency
85, Gibside Way, Spennymoor has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Aug 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 85, Gibside Way, Spennymoor have sold within a radius of 830 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st October 2022, was 26, Dalemain Close, Spennymoor, DL16 7FT, a freehold house which sold for £40,286.
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, 85, Gibside Way, Spennymoor comes out as the 66th largest and the 60th most expensive in our analysis of the public data.
It is also £33k 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
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Public Transport Nearby
From 85, 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.
