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Nevilles Cross Bank, Durham DH1

North East

£450,000
Listed on 06/08/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1894 sqft

Description

This three-bedroom bungalow in Nevilles Cross offers a unique canvas for potential buyers looking to invest or undertake renovations. The property features an unconventional layout, enhanced by significant extensions that include a first floor boasting four versatile rooms. While the interior requires modernization, this presents an excellent opportunity for new owners to personalize the space according to their tastes and preferences. On the ground floor, you will find a kitchen, dining room, one bedroom, a bathroom, and two reception areas, providing ample living space. The first floor comprises two additional rooms suitable for bedrooms or other uses, allowing for flexibility in how the home is utilized. The exterior is equally appealing, with a generous garden area and the added benefit of off-street parking and a detached garage. This outdoor space not only enhances the property's livability but also holds potential for landscaping or further development. Situated in a desirable location with convenient access to city amenities and nearby schools, this property attracts significant interest from those seeking both family accommodation and investment opportunities. With no onward chain complicating the sale, this bungalow stands as an inviting project for those eager to transform it into their ideal home or capitalize on its rental potential.

Investment Analysis

(DH1 area)

Above Market Value

This property is priced +1.3% above area average per sq ft

+1.3%
This Property
£238/sq ft
Area Average
£235/sq ft
Avg Rent (weekly)
£352
Avg Yield
6.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£488,766
10% above area average per sq ft
Potential ROI
-2.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DH1)

Area prices are stable by +1.7% over the last 12 months
3 year growth: 3.1%
5 year growth: 3.8%
Investment Disclaimer: Analysis based on DH1 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

Nevilles Cross Bank, Durham DH1
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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
£1,648
Based on a loan of £337,500 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