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Farmbank Road, Ormesby

North East

£165,000
Listed on 25/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1690 sqft

Description

This semi-detached three-bedroom house presents a unique opportunity for renovation and investment, benefiting from a generous plot that offers appealing views across Teesside. The property features a spacious living area, complemented by a 22ft games room that can serve multiple purposes, accessible directly from the rear garden. Inside, the ground floor layout includes a sizable lounge that opens into a 16ft kitchen diner equipped with fitted units and ample space for dining. A separate utility room adds convenience with additional storage and connections for appliances. The first floor accommodates three well-proportioned bedrooms, two of which come with built-in wardrobes, allowing for efficient use of space. A modern shower room is complemented by an additional separate WC. Outside, the home is set at the end of a quiet cul-de-sac, providing both privacy and tranquility. The driveway leads to a garage, offering practical parking or storage solutions. The rear garden is predominantly lawned and enclosed, making it ideal for families or outdoor activities. The potential for this property lies in the scope for modernization and personal touches. Given its size and location in Teesside, it represents an attractive investment opportunity whether for rental purposes or as a family home ready for updates. With no forward chain, this property is ready to welcome new ideas and improvements.

Investment Analysis

(TS7 area)

Below Market Value

This property is priced -53.4% below area average per sq ft

-53.4%
Potential saving
This Property
£98/sq ft
Area Average
£209/sq ft
Avg Rent (weekly)
£174
Avg Yield
3.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£389,275
10% above area average per sq ft
Potential ROI
+110.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TS7)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -6.8%
5 year growth: 5.1%
Investment Disclaimer: Analysis based on TS7 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

Farmbank Road, Ormesby
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£604
Based on a loan of £123,750 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