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West Terrace, New Marske

North East

£65,000
Listed on 08/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom property presents a valuable opportunity for renovation enthusiasts or investors looking to capitalize on its potential. The spacious layout features a generous living area that welcomes natural light, offering a comfortable space for daily living and entertaining. A versatile room adds further flexibility, making it suitable for various uses such as an office or extra storage. The kitchen and utility area provide practical amenities, though they would benefit from modern updates to maximize functionality and aesthetic appeal. Upstairs, the two bedrooms offer ample space and are situated near the bathroom, optimizing convenience for residents. One of the standout features of this property is the expansive 160 ft garden at the front. While currently requiring attention, this outdoor area holds significant promise for those envisioning a beautiful garden retreat or potential extensions (subject to planning permissions). The rear of the property also includes off-street parking, enhancing accessibility. Located in a neighborhood with good transport links and local amenities, this home not only provides a comfortable living space but also represents an excellent investment opportunity. With the right vision and renovations, it has the potential to transform into a desirable residence that could attract future buyers or renters. This freehold property is classified under Council Tax Band A, making it an appealing option for first-time buyers or investors seeking affordability in their next acquisition.

Investment Analysis

(TS11 area)
Area Average
£192/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TS11)

Area prices are falling by +5.0% over the last 12 months
3 year growth: 7.7%
5 year growth: 16.7%
Investment Disclaimer: Analysis based on TS11 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 Terrace, New Marske
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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
£238
Based on a loan of £48,750 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