87, Gibside Way
87, Gibside Way
Description & Estimates
The public record describes 87, Gibside Way, Spennymoor as a modern house with 764 ft2 of internal area.
In this area, houses of this size normally have 3 bedrooms with a garden.
87, Gibside Way, Spennymoor has an estimated sale value of £178,240 and an estimated rental value of £991 per month, assuming reasonable condition and based on the information available.
Gibside Way, Spennymoor, DL16 lies within the DL16 postal district.
Our Data Sources
87, 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
In very good condition, we estimate 87, Gibside Way, Spennymoor would be worth £187,151, with a potential rental value of £1,040 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £165,763, with a rental value of £921 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 87, Gibside Way, Spennymoor has dropped by £2,439 (1.4%) over the last year. During the same period, its estimated monthly rental value has risen by £29 (2.9%). The property's estimated gross yield is currently 6.7%.
Energy Efficiency
87, 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
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 830 metres of 87, Gibside Way, Spennymoor across the last 2 years.
Most recently, 26, Dalemain Close, Spennymoor, DL16 7FT, a freehold house, sold at £40,286 on the 21st October 2022.
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
Our analysis of the public data ranks 87, Gibside Way, Spennymoor as the 65th largest and the 59th most expensive of the 75 addresses on Gibside Way, Spennymoor, DL16.
Against the DL16 postcode district average, it is £33k more expensive than the typical property.
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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
Bishop Auckland station is the nearest stop to 87, Gibside Way, Spennymoor at 6.5 kilometres away.
- 6.5kmBishop Auckland
- 8.6kmShildon
- 8.7kmDurham
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
