8 South Street, Spennymoor, DL16 7TT

Description

• PRIME NEW LISTING. We are excited to present this recently renovated three-bedroom terraced house located within a prime location in Spennymoor.

• **40, North Street, Spennymoor DL16 6AW sold for £102,000 in September 2025. 1, West Terrace, Middlestone Moor, Spennymoor DL16 7BW sold for £125,000 in September 2025.**

• For those interested in rental investments, properties in this highly sought-after area are achieving impressive rental incomes. With potential returns of approximately £2,300 per calendar month, this equates to an attractive £27,600 per annum. Securing this property at the guide price could yield a remarkable gross return of 30.6%.

• The property will be sold vacant and is in walk-in condition, ideal for first-time buyers or families looking for their new home. It's also perfect for shrewd investors seeking an easily lettable property in a sought-after location.

• Presenting a fantastic opportunity for savvy investors, this easily lettable asset is situated in an area of high demand, making it an ideal investment. The property's vacant status ensures a hassle-free acquisition.

PRIME NEW LISTING. We are excited to present this recently renovated three-bedroom terraced house located within a prime location in Spennymoor.

The property comprises a welcoming living space and dining room leading into a sleek, well-equipped kitchen, perfect for modern family living. Upstairs, there are three spacious and well-proportioned bedrooms, complemented by a large, contemporary family bathroom. Additional features include a cupboard in the kitchen with plumbing for a fridge and a garden shed with plumbing for a utility room.

For those interested in rental investments, properties in this highly sought-after area are achieving impressive rental incomes. With potential returns of approximately £2,300 per calendar month, this equates to an attractive £27,600 per annum. Securing this property at the guide price could yield a remarkable gross return of 30.6%.

The property will be sold vacant and is in walk-in condition, ideal for first-time buyers or families looking for their new home. It's also perfect for shrewd investors seeking an easily lettable property in a sought-after location.

Presenting a fantastic opportunity for savvy investors, this easily lettable asset is situated in an area of high demand, making it an ideal investment. The property's vacant status ensures a hassle-free acquisition.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**40, North Street, Spennymoor DL16 6AW sold for £102,000 in September 2025. 1, West Terrace, Middlestone Moor, Spennymoor DL16 7BW sold for £125,000 in September 2025.**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Spennymoor is a charming town in County Durham, offering a blend of traditional appeal and modern amenities. With excellent transport links, schools, and shopping facilities, it provides a delightful setting for families and investors alike.

Map

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.