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107 Main Street, Shildon - Image 1
107 Main Street, Shildon - Image 2
107 Main Street, Shildon - Image 3
107 Main Street, Shildon - Image 4
107 Main Street, Shildon - Image 5

107 Main Street, Shildon

North East

£90,000
Listed on 05/10/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This commercial property, once a bustling public house, is situated in a prime location along Main Street in Shildon, an area that enjoys significant foot traffic. The premises offer a range of redevelopment possibilities, allowing for the potential to reinstate it as a pub or convert it into a spacious family residence or multiple self-contained apartments, subject to obtaining the necessary planning permissions. The location is highly advantageous, being just a short distance from the town center where residents can access essential amenities, including schools, cafes, independent shops, bakeries, and healthcare services. The area benefits from an efficient public transport network with both bus and train services available, providing convenient connectivity to surrounding towns and villages. Additional amenities are easily reached in nearby Bishop Auckland and Newton Aycliffe, which feature secondary schools, retail outlets, leisure facilities, and supermarkets. The layout of the property consists of an entrance porch leading into a bar area, accompanied by storage rooms and restrooms. On the first floor, there are four additional rooms that present renovation opportunities to maximize potential space. A cellar adds further storage options and functional utility to the building. At the rear of the property is an enclosed courtyard that offers outdoor space for various uses. Overall, this property presents a compelling investment opportunity with its extensive renovation scope and strategic location within a thriving community.

Investment Analysis

(DL4 area)
Area Average
£84/sq ft
Avg Rent (weekly)
£125
Avg Yield
8.0%

Renovation Potential

Est. Renovation Cost
£9,000 - £22,500
10-25% of property value
Monthly Sales
12
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (DL4)

Area prices are rising by +18.1% over the last 12 months
3 year growth: 4.5%
5 year growth: 11.2%
Investment Disclaimer: Analysis based on DL4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

107 Main Street, Shildon
Map showing location of 107 Main Street, Shildon
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