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Mayfair Road, Darlington

North East

£80,000
Listed on 15/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This property in Harrowgate Hill, situated along Mayfair Road, represents a compelling investment opportunity combining retail and residential elements. Currently featuring a sizable commercial unit complemented by a self-contained flat with 1-2 bedrooms, this mixed-use space is primed for renovation. The commercial area boasts a shuttered frontage, a kitchen, and toilet facilities, alongside rear yard access. Historically functioning as a convenience store, it holds potential for revitalization or reconfiguration. The residential flat offers a separate entrance and a modest side garden, showcasing flexibility with its three rooms, kitchen, and bathroom layout—ideal for conversion into rental units or owner-occupied space. There are various paths for development: maintaining the current setup as shop and flat above; converting the property into two self-contained flats (pending planning permission); or even contemplating an additional floor to accommodate more units. This location benefits from prime amenities and strong transport links to Darlington town centre, making it attractive to not only tenants but also local businesses. With significant scope for enhancements through modernization or redevelopment, this site could yield substantial value for the right investor.

Investment Analysis

(DL1 area)
Area Average
£160/sq ft
Avg Rent (weekly)
£157
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (DL1)

Area prices are rising by +7.5% over the last 12 months
3 year growth: 11.9%
5 year growth: 19.6%
Investment Disclaimer: Analysis based on DL1 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

Mayfair Road, Darlington
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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