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107 Main Street, Shildon - Image 1
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107 Main Street, Shildon

North East

£70,000
Listed on 09/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This commercial property, formerly a well-frequented public house on Main Street in Shildon, presents a compelling opportunity for renovation and investment. Its location benefits from significant foot traffic, making it an ideal candidate for reopening as a pub or transforming into a spacious family residence or multiple self-contained apartments, pending appropriate planning approvals. Positioned just a short stroll from the town center, the property enjoys proximity to essential amenities including schools, various dining options, local shops, and healthcare services. The area is well-served by public transport with reliable bus and rail connections that facilitate easy travel to surrounding towns and villages. Additionally, nearby Bishop Auckland and Newton Aycliffe offer further conveniences such as secondary schools, retail stores, leisure facilities, and supermarkets. The building itself features an entrance porch leading into the main bar area along with several storage rooms and bathrooms. On the first floor, you'll find four additional rooms that present significant potential for development. A cellar adds further storage capacity to the premises. Outdoors, there is an enclosed courtyard at the rear, which could be adapted into an inviting outdoor space. Overall, this property holds promise for those looking to invest in renovations or conversions that cater to the evolving needs of the community.

Investment Analysis

(DL4 area)
Area Average
£85/sq ft
Avg Rent (weekly)
£117
Avg Yield
7.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (DL4)

Area prices are rising by +13.9% over the last 12 months
3 year growth: 0.7%
5 year growth: 11.7%
Investment Disclaimer: Analysis based on DL4 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

107 Main Street, Shildon
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£256
Based on a loan of £52,500 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