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Wark, Northumberland, NE48

North East

£295,000
Listed on 27/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
861 sqft

Description

This spacious three-bedroom semi-detached bungalow offers a unique opportunity for renovation and investment, situated in a desirable area that combines both convenience and charm. The property features versatile living spaces that can accommodate various lifestyle needs, making it suitable for families, professionals, or retirees. Upon entering, you are welcomed into a generous entrance hall leading to well-proportioned rooms. The living room is particularly noteworthy, featuring large windows that provide ample natural light and pleasant views of the surrounding gardens. A fireplace with an open fire adds character to the space. The dining kitchen is functional and comes equipped with fitted cabinets and essential appliances, while the adjacent rear porch offers additional storage options. The accommodation includes two double bedrooms and a single bedroom, each thoughtfully designed with built-in storage solutions. The recently updated bathroom adds modern functionality to the property. One of the standout features of this bungalow is the integral garage, which not only provides secure storage but also presents an excellent opportunity for conversion into additional living space, given that planning permission has already been granted for such an extension. This could significantly enhance the value of the property and cater to growing family needs. Outside, considerable parking space is available on a tarmacked area suitable for multiple vehicles. The mature gardens further enhance the appeal of the property; they offer potential for outdoor relaxation or gardening enthusiasts. Located along a shared driveway, this home offers ease of access while maintaining privacy from neighboring properties. It benefits from mains electricity, water, and drainage services as well as oil-fired central heating—a practical choice for efficient energy use. Given its current configuration and approved expansion plans, this bungalow represents an excellent investment opportunity in a sought-after location. With some modernization and personal touches, it could easily become a comfortable family home or a profitable rental property in today's market.

Investment Analysis

(NE48 area)

Above Market Value

This property is priced +71.1% above area average per sq ft

+71.1%
This Property
£343/sq ft
Area Average
£200/sq ft

Renovation Potential

Est. Renovation Cost
£29,500 - £73,750
10-25% of property value
Target Value
£189,609
10% above area average per sq ft
Potential ROI
-48.6%
After renovation
Market Turnover
%
Properties sold annually

Local Market Trend (NE48)

Area prices are rising by +17.0% over the last 12 months
3 year growth: 23.8%
5 year growth: 29.7%
Investment Disclaimer: Analysis based on NE48 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

Wark, Northumberland, NE48
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