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Newton Street, Ferryhill

North East

£45,950
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

Nestled in the Dene Bank area of Ferryhill, this two-bedroom mid-terrace house offers significant renovation and investment potential. The property is being sold with no onward chain, making it an accessible option for those looking to put their own stamp on a new home or a smart addition to an investment portfolio. While the house does require modernisation, this aspect is reflected in its competitive asking price, presenting a unique opportunity for buyers to redesign and rejuvenate the space according to their own preferences. With thoughtful updates, this property could greatly increase its value and appeal. The layout features two well-sized bedrooms along with a practical bathroom, creating a comfortable living environment suited for various lifestyles. The living and dining areas provide versatility for everyday living or entertaining, while the kitchen offers a functional space that can be tailored to modern standards. Situated in the heart of Ferryhill, the location provides easy access to local amenities such as shops, pubs, restaurants, schools, and leisure facilities. Transport connections are also convenient; the A688 trunk road connects quickly to the A1 (M), facilitating travel both north and south. Additionally, mainline train services are available at nearby Darlington and Durham stations, with international airports located within reasonable distance. This property holds promise for investors seeking strong rental yields due to ongoing demand in the area. Renovating this house could not only enhance its market value but also attract potential tenants looking for quality housing in a community that boasts character and convenience. In essence, this home represents a blank canvas where you can unleash your creativity—ideal for first-time buyers eager to enter the housing market or investors aiming to capitalize on a promising opportunity. The potential here is waiting for someone ready to transform it into something special.

Investment Analysis

(DL17 area)
Area Average
£99/sq ft
Avg Rent (weekly)
£123
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DL17)

Area prices are rising by +21.5% over the last 12 months
3 year growth: 22.5%
5 year growth: 35.9%
Investment Disclaimer: Analysis based on DL17 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

Newton Street, Ferryhill
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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
£168
Based on a loan of £34,462 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