2 Spring Drive

    2, SPRING DRIVE, HOUGHTON LE SPRING, DH5 8BN

    This semi-detached leasehold property on Spring Drive last sold in January 2023 for £55,000. Based on price growth in the DH5 district since then, its estimated current value is £62,120 — placing it in the 0th percentile nationally and the 10th percentile within DH5. The property covers 70 m² (753 sq ft), giving an estimated value of £887 per m². The EPC rating is B, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Leasehold

    Floor Area

    753 sq ft

    70 m²

    Last Sale Price

    £55,000

    Jan 2023

    Estimated Valuation

    £62,120

    Est. £/sq ft

    £82/sq ft

    £887/m²

    Property Details

    TypeSemi-Detached
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 2007-2011
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentB
    EPC potentialB
    Floor area753 sq ft (70 m²)
    EPC dateNov 2022
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    20 Jan 2023

    £55,000

    Key Metrics

    Estimated valuation£62,120
    Value per sq ft / m²£82/sq ft (£887/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    DH5 district percentile10th percentile
    National percentile0th percentile

    District Context — DH5

    DH5 covers parts of County Durham in the North East, situated inland from the coast. It is a primarily working-class area with a mix of established residential communities and industrial heritage.

    Average Property Price - DH5

    £156,472

    3

    National percentile

    Average Net Household Income - DH5

    £32,901

    18

    National percentile

    10-Year Annualised Price Growth - DH5

    1.3%

    5

    National percentile

    10-Year Annualised Rent Growth - DH

    3.1%

    6

    National percentile

    View full analysis for DH5

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