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Nevilles Cross Bank, Nevilles Cross, Durham, DH1

North East

£450,000
Listed on 06/08/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1894 sqft

Description

This three-bedroom bungalow in Nevilles Cross presents a compelling opportunity for those interested in renovation and investment. The property features a distinctive layout that has been expanded over time, including a first floor with the potential for additional living space. While the home requires modernization throughout, this allows new owners to tailor the interior to their preferences and enhance its value. On the ground floor, you'll find a kitchen, dining room, a bedroom, and two reception areas, as well as a bathroom. The upper level consists of four rooms, two of which serve as bedrooms. This configuration provides flexibility for various living arrangements or rental possibilities. The exterior boasts a generous plot with an expansive garden, perfect for outdoor activities or further landscaping projects. There's also off-street parking available alongside a detached garage, adding to the convenience of the property. Situated in an enviable location, this bungalow offers easy access to the city center and is within reach of local schools and amenities. Its potential for improvement and personal customization makes it an attractive option for buyers seeking to invest in a home that can be transformed into something truly special. With no onward chain, this property is ready for its next chapter—don’t miss your chance to explore what it has to offer.

Investment Analysis

(DH1 area)

Below Market Value

This property is priced -0.0% below area average per sq ft

-0.0%
Potential saving
This Property
£238/sq ft
Area Average
£238/sq ft
Avg Rent (weekly)
£293
Avg Yield
5.4%

Renovation Potential

Est. Renovation Cost
£45,000 - £112,500
10-25% of property value
Target Value
£495,120
10% above area average per sq ft
Potential ROI
-12.0%
After renovation
Monthly Sales
45
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (DH1)

Area prices are stable by +0.8% over the last 12 months
3 year growth: 0.0%
5 year growth: 4.0%
Investment Disclaimer: Analysis based on DH1 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

Nevilles Cross Bank, Nevilles Cross, Durham, DH1
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