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Thomson Street, Guisborough

North East

£80,000
Listed on 08/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced house, located in a well-connected area of Guisborough, presents a valuable renovation opportunity for those looking to invest or make their first home. Ideal for buyers who appreciate the charm and character of a traditional layout, the property features a generous living space and a kitchen that can be transformed to meet modern standards. Both bedrooms offer ample space for customization and personal expression, while the family bathroom is ready to be updated according to your preferences. The outdoor area includes a private rear yard, which provides an easy-to-maintain space perfect for small gatherings or gardening pursuits. The location enhances this property's appeal, with convenient access to local amenities, schools, and public transport links. This accessibility not only enriches daily life but also boosts the investment potential as demand in the area remains strong. In its current state, the house needs modernization throughout, allowing new owners to implement their vision and style. The combination of its structural integrity and desirable setting makes it an attractive project for those looking to add value over time. Key amenities include mains utilities such as gas central heating and mains sewerage, ensuring practical functionality while you plan renovations or improvements. With no known flooding risk or legal obligations affecting the property, it stands as an excellent canvas for creating a personalized living space in a thriving community. This freehold property is listed under Council Tax Band A, making it not only a sound investment choice but also manageable in terms of ongoing expenses.

Investment Analysis

(TS14 area)
Area Average
£219/sq ft
Avg Rent (weekly)
£183
Avg Yield
4.1%

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
15
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (TS14)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 8.6%
5 year growth: 12.5%
Investment Disclaimer: Analysis based on TS14 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

Thomson Street, Guisborough
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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
£293
Based on a loan of £60,000 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