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Blue Row, Carrshield

North East

£80,000
Listed on 16/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This mid-terraced cottage, originating from the nineteenth century, presents a unique opportunity for renovation and investment. Nestled in a picturesque rural setting, the property boasts stunning views across the countryside, enhancing its charm and appeal. The cottage is in need of extensive refurbishment, making it an excellent candidate for those looking to create a personalized living space or capitalize on its investment potential. The existing layout includes an entrance lobby leading to a beamed lounge complete with a fireplace and open grate, a kitchen area, three bedrooms—though it’s worth noting that the third bedroom is accessed through another bathroom—and a bathroom. Externally, the property features a spacious mature garden at the front, providing ample outdoor space for potential landscaping or gardening projects. Notably, there is also an opportunity to acquire the adjacent property in the same row, which was previously combined with this cottage to form a larger residence. This may appeal to buyers interested in expanding living space or exploring joint ventures for rental income. The internal dimensions offer generous spaces; with a lounge measuring 16'6" x 15'0", and bedrooms ranging from 9'11" x 8'4" to 15'1" x 11'3", there is significant potential for redesigning layouts and maximizing usability. Services are connected to mains electricity and water, with shared septic tank drainage and off-street parking available. Currently categorized under council tax band A and holding an EPC rating of F, prospective buyers should consider these aspects when planning renovations. As this property will be offered via auction, it invites investors looking to restore historical charm while adding modern conveniences. The freehold tenure provides additional flexibility for future modifications or improvements. Whether as a personal project or as part of an investment strategy, this cottage embodies untapped potential waiting to be realized.

Investment Analysis

(NE47 area)
Area Average
£227/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NE47)

Area prices are falling by +20.2% over the last 12 months
3 year growth: -7.9%
5 year growth: 14.1%
Investment Disclaimer: Analysis based on NE47 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

Blue Row, Carrshield
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Mortgage Calculator

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£
£
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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