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Oak Gardens, Roddymoor

North East

£50,000
Listed on 12/10/2025

Property Details

Bedrooms
1
Type
Terraced house
Area
549 sqft

Description

This one-bedroom bungalow presents an excellent opportunity for renovation and investment, situated in the quaint area of Roddymoor. The property benefits from a no forward chain, making it a straightforward prospect for buyers looking to make swift progress. Internally, the layout includes a lounge, kitchen, bathroom, separate WC, and a bedroom. While functional as is, there is significant potential for modernization and customization to enhance living spaces further. Notably, the property is equipped with gas central heating and UPVC double-glazed windows, both of which can serve as a solid foundation for upgrades. Outdoor space is available with both front and rear gardens, providing additional scope for landscaping or outdoor activities. Given its location within walking distance of public transport options and close proximity to Crook town centre, the bungalow is conveniently positioned for accessibility to local amenities. The property is freehold with mains electricity, water supply, and sewerage. With an EPC rating of D and Council Tax Band A, it holds promise not just as a residence but also as an investment opportunity in a community setting. Interested parties are encouraged to view the property to appreciate its potential fully.

Investment Analysis

(DL15 area)

Below Market Value

This property is priced -27.6% below area average per sq ft

-27.6%
Potential saving
This Property
£91/sq ft
Area Average
£126/sq ft
Avg Rent (weekly)
£151
Avg Yield
5.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£75,971
10% above area average per sq ft
Potential ROI
+26.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (DL15)

Area prices are rising by +15.4% over the last 12 months
3 year growth: 8.4%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on DL15 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

Oak Gardens, Roddymoor
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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
£183
Based on a loan of £37,500 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