Average Price for property in Derwent Terrace, Spennymoor, DL16 is around £78,565 which varies based on type of property you are interested in and ranges from £121,572 for detached house to around £68,262 for semi-detached. Similarly terraced house is around £67,363. Values have been changing and have risen £601 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,624 in last 6 months, £1,136 in last 1 year, £3,700 in last 2 years, £2,966 in last 3 years, £1,548 in last 4 years and £1,177 in last 5 years.
Currently average asking price of a property in Derwent Terrace, Spennymoor, DL16 is around £158,746 based on approximately 1 properties for sale. Same is the case with rental options based on 42 properties up for rent, average asking rent is around £1,279 per month.
Estimated property value in Derwent Terrace, Spennymoor, DL16 is £78,565. Average asking price is £158,746 while average price paid is £62,000 which is up by £1,136 and Avg. asking rent £1,279.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Derwent Terrace, Spennymoor, DL16 area. In last 1 year alone average price buyer paid is around £62,000 based on approximately 1 sales in Derwent Terrace, Spennymoor, DL16 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £61,000. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £57,125 for 4 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £60,714 per sale.