Worst House on the Street Logo
Northgate, Darlington - Image 1
Northgate, Darlington - Image 2
Northgate, Darlington - Image 3
Northgate, Darlington - Image 4

Northgate, Darlington

North East

£135,000
Listed on 05/03/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
2522 sqft

Description

This property presents a unique opportunity for development, strategically located in the heart of the town center. Encompassing the first and second floors, it comes with approved planning consent for the conversion into six individual apartments. The existing layout provides a solid foundation for renovation, allowing for customization to meet market demand. The central location not only enhances accessibility to local amenities, shops, and public transport but also positions the property as an attractive option for prospective tenants or buyers. With the growing interest in urban living, this project has significant investment potential. The opportunity to revitalize these floors into modern residential units aligns well with the current trends in housing demand, making it an appealing venture for those looking to capitalize on the local real estate market.

Investment Analysis

(DL1 area)

Below Market Value

This property is priced -66.5% below area average per sq ft

-66.5%
Potential saving
This Property
£54/sq ft
Area Average
£160/sq ft
Avg Rent (weekly)
£157
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
Target Value
£443,872
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
46
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (DL1)

Area prices are rising by +7.5% over the last 12 months
3 year growth: 11.9%
5 year growth: 19.6%
Investment Disclaimer: Analysis based on DL1 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

Northgate, Darlington
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£495
Based on a loan of £101,250 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

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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