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West Cornforth, Verdun Terrace, DL17 - Image 1
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West Cornforth, Verdun Terrace, DL17

North East

£80,000
Listed on 11/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This former Salvation Army Hall, built in the inter-war era with later extensions in the 1990s, presents a unique opportunity for renovation. The property is a single-storey detached structure featuring open-plan meeting spaces alongside essential amenity facilities. It boasts ample vehicle standing at both the rear and side, making it versatile for various uses. The original building showcases solid masonry walls finished with a rendered surface, while the roof is pitched and clad in rigid profile fibre cement sheeting, indicating its historical construction quality. The extension features a more modern design with cavity masonry and includes a suspended timber floor overlaid with waterproofing. Internally, the space comprises both masonry and lightweight timber-framed partitioning, providing flexibility for reconfiguration according to future needs. With solid concrete flooring throughout, this property could be transformed to suit commercial or residential purposes, offering significant investment potential in the North East.

Investment Analysis

(DL17 area)
Area Average
£110/sq ft
Avg Rent (weekly)
£125
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (DL17)

Area prices are rising by +21.1% over the last 12 months
3 year growth: +22.9%
5 year growth: +53.3%
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

West Cornforth, Verdun Terrace, DL17
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Mortgage Calculator

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Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£289
Based on a loan of £60,000 over 30 years at 4.06% 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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