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Ash Street, Stocksfield, Stocksfield, Northumberland - Image 1
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Ash Street, Stocksfield, Stocksfield, Northumberland - Image 5

Ash Street, Stocksfield, Stocksfield, Northumberland

North East

£140,000
Listed on 25/06/2023

Property Details

Bedrooms
2
Type
Semi-detached house
Area
925 sqft

Description

This semi-detached house offers a spacious layout ripe for renovation, making it an appealing investment opportunity. With two reception rooms and a well-proportioned kitchen featuring a walk-in pantry, there is ample room to reconfigure the space to suit modern living. The property includes two double bedrooms, both benefitting from natural light and pleasant views of the surrounding area. The lounge is inviting, with large windows that overlook a south-facing garden, creating a bright atmosphere. The dining room also offers views of the garden and features charming elements like a timber fire surround. A practical rear porch connects the interior to the outdoor space, providing convenient access. Upstairs, the first-floor landing provides loft access and presents further potential for expansion or reimagining the layout. The bathroom features essential amenities including a bath with an electric shower, offering functionality while awaiting modernization. Additional benefits include a timber garage equipped with light and electricity, as well as off-road parking options. The enclosed south-facing garden promises outdoor enjoyment and low maintenance. Located conveniently within reach of local schools and public transportation routes, this property is also close to children's playgrounds—making it suitable for families or investors looking to capitalize on rental opportunities. With estimated rental returns around 0.56%, its position in a desirable area enhances its investment potential for those willing to undertake renovation work to realize its full capabilities.

Investment Analysis

(NE43 area)

Below Market Value

This property is priced -38.7% below area average per sq ft

-38.7%
Potential saving
This Property
£151/sq ft
Area Average
£247/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£251,221
10% above area average per sq ft
Potential ROI
+39.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
2
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NE43)

Area prices are falling by +8.8% over the last 12 months
3 year growth: -26.9%
5 year growth: 2.6%
Investment Disclaimer: Analysis based on NE43 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Ash Street, Stocksfield, Stocksfield, Northumberland
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£513
Based on a loan of £105,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE