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Pixley Dell, Consett

North East

£90,000
Listed on 03/05/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
871 sqft

Description

This three-bedroom property presents a compelling opportunity for renovation enthusiasts and investors alike. Positioned in a location that offers a blend of convenience and potential growth, the home features a traditional layout that can be tailored to suit modern tastes. The interior features three well-proportioned bedrooms that could benefit from updates to optimize space and functionality. Natural light floods the living areas, creating a welcoming atmosphere, while the original elements present opportunities for enhancement or complete redesign. With a little vision, these spaces could transform into stylish and contemporary environments. Situated in an area with promising development prospects, this property is situated close to essential amenities, including schools, shops, and transportation links. This accessibility not only adds value to the property but also makes it an attractive rental option for future tenants. With a little investment in renovations, this property has the potential to significantly increase in value. Whether you're looking to create your dream home or seeking an investment that can yield substantial returns, this property is worth exploring. The structure's solid foundation provides a great starting point for any transformation you envision. In addition to the physical improvements, there are various financing options available for prospective buyers looking to secure funding for renovations or upgrades. Overall, this property stands out as a blank canvas ready for its next chapter.

Investment Analysis

(DH8 area)

Below Market Value

This property is priced -33.9% below area average per sq ft

-33.9%
Potential saving
This Property
£103/sq ft
Area Average
£156/sq ft
Avg Rent (weekly)
£183
Avg Yield
5.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£149,751
10% above area average per sq ft
Potential ROI
+42.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (DH8)

Area prices are rising by +5.2% over the last 12 months
3 year growth: 18.0%
5 year growth: 27.1%
Investment Disclaimer: Analysis based on DH8 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

Pixley Dell, Consett
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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
£330
Based on a loan of £67,500 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.

Next Steps

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