Worst House on the Street Logo
Premier Road, Plains Farm - Image 1
Premier Road, Plains Farm - Image 2
Premier Road, Plains Farm - Image 3
Premier Road, Plains Farm - Image 4
Premier Road, Plains Farm - Image 5

Premier Road, Plains Farm

North East

£99,950
Listed on 30/11/2024

Property Details

Bedrooms
2
Type
Semi-detached house
Area
871 sqft

Description

This two-bedroom end-terraced house offers a compelling project for those looking to invest in property or make their mark as first-time buyers. With no chain, the home is ready for new owners to bring their vision to life. Internally, it boasts a practical layout featuring a spacious lounge and a fitted kitchen with ample potential for modernisation. The ground floor includes a handy toilet, while upstairs houses two well-sized bedrooms and a family bathroom—ideal for small families or rental opportunities. The exterior presents lawned gardens at both the front and rear; the rear garden enjoys pleasant views and could be transformed into an inviting outdoor space. While the property benefits from double glazing and gas central heating, enhancements could significantly increase its appeal and value. Conveniently located near local amenities such as shops, schools, and transport links further enhances its attractiveness as an investment opportunity.

Investment Analysis

(SR3 area)

Below Market Value

This property is priced -44.0% below area average per sq ft

-44.0%
Potential saving
This Property
£115/sq ft
Area Average
£205/sq ft
Avg Rent (weekly)
£169
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£196,315
10% above area average per sq ft
Potential ROI
+57.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (SR3)

Area prices are falling by -6.8% over the last 12 months
3 year growth: -9.8%
5 year growth: +10.4%
Investment Disclaimer: Analysis based on SR3 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

Premier Road, Plains Farm
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£360
Based on a loan of £74,962 over 30 years at 4.06% 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

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Finance for Buy-to-Let, Bridging & Development