Average Price for property in Spennymoor is around £121,157 which varies based on type of property you are interested in and ranges from £194,468 for detached house to around £110,065 for semi-detached. Similarly terraced house is around £80,789 and a flat is worth £72,121. Values have been changing and have risen £991 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,485 in last 6 months, £2,450 in last 1 year, £1,109 in last 2 years, £3,485 in last 3 years, £4,698 in last 4 years and £7,037 in last 5 years.
Currently average asking price of a property in Spennymoor is around £159,395 based on approximately 288 properties for sale. Same is the case with rental options based on 43 properties up for rent, average asking rent is around £1,265 per month.
Estimated property value in Spennymoor is £121,157. Average asking price is £159,395 while average price paid is £130,655 which is up by £2,450 and Avg. asking rent £1,265.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 Spennymoor area. In last 1 year alone average price buyer paid is around £130,655 based on approximately 288 sales in Spennymoor area alone. If you compare it to last 3 years sales of 892 properties where buyers paid around £128,235. 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 £126,778 for 1,293 and average amount paid for purchase of approx. 1,713 properties sold in last 7 years comes to about £126,104 per sale.