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Mulgrave Road, Grange Road - Image 1
Mulgrave Road, Grange Road - Image 2
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Mulgrave Road, Grange Road

North East

£31,500
Listed on 02/12/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terraced house presents a noteworthy opportunity for investors and renovators alike. Located in the North East, the property is being sold via auction, allowing for a transparent and competitive bidding process. The internal layout features a hallway that leads into a lounge with an Adam style feature fireplace and a dining room with French doors opening to an enclosed courtyard. The kitchen, while functional, would benefit from modernisation to maximise its potential. A spacious half-landing bathroom includes a four-piece suite, which could be updated to enhance both comfort and appeal. The bedrooms are well-proportioned, providing ample space for family or rental use. Externally, the private yard offers the possibility of creating an inviting outdoor space. While the property requires some updating, it holds considerable promise as an investment or renovation project, making it an ideal addition to any property portfolio.

Investment Analysis

(TS26 area)
Area Average
£152/sq ft
Avg Rent (weekly)
£126
Avg Yield
3.6%

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
44
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (TS26)

Area prices are rising by +4.5% over the last 12 months
3 year growth: 13.0%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on TS26 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

Mulgrave Road, Grange Road
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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
£115
Based on a loan of £23,625 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