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Parklands Avenue, Billingham, TS23

North East

£80,000
Listed on 24/07/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
886 sqft

Description

This three-bedroom semi-detached property offers a significant opportunity for renovation enthusiasts and investors alike. Situated in a location that combines convenience with potential growth, the property is being sold with no onward chain, streamlining the buying process. The layout features an entrance hall that opens to a spacious lounge with a bay window, providing natural light and open sightlines to the adjoining dining room. The kitchen completes the ground floor layout, offering a functional area that can be reimagined during renovations. Upstairs, you’ll find three bedrooms alongside a bathroom, each space ripe for modernization and customization. The exterior includes off-street parking—a valuable asset in this area—as well as a rear garden that has yet to realize its full potential due to necessary refurbishment. This outdoor space could transform into an inviting retreat once updated. It’s important to note that the property has previously undergone structural repairs back in February 2003, and a certificate confirming the adequacy of these works is available for review. Potential buyers are encouraged to conduct their due diligence regarding any previous damage and assess current conditions before moving forward. This residence is particularly appealing for those looking to invest in an area with promising prospects or for DIY enthusiasts aiming to create their dream home from scratch. Overall, it presents itself as an intriguing project for anyone eager to invest time and resources into revitalizing a property with solid bones in a desirable location. Buyers should independently verify all information regarding services and equipment within the home as no guarantees have been made on these aspects. Prospective owners are also advised to schedule thorough surveys or inspections prior to finalizing any purchase decisions.

Investment Analysis

(TS23 area)

Below Market Value

This property is priced -40.0% below area average per sq ft

-40.0%
Potential saving
This Property
£90/sq ft
Area Average
£150/sq ft
Avg Rent (weekly)
£173
Avg Yield
6.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£146,629
10% above area average per sq ft
Potential ROI
+22.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (TS23)

Area prices are rising by +7.6% over the last 12 months
3 year growth: 9.2%
5 year growth: 23.9%
Investment Disclaimer: Analysis based on TS23 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

Parklands Avenue, Billingham, TS23
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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