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Mayfair Road, Darlington

North East

£80,000
Listed on 15/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

Located in the sought-after Harrowgate Hill area of Darlington, this mixed-use property represents a compelling investment opportunity. The premises consist of a sizable commercial shop unit alongside a self-contained 1-2 bedroom flat, both of which require refurbishment, presenting an ideal chance for value enhancement through modern improvements. The commercial space features a large shop front with shutter access, and includes essential kitchen and bathroom facilities, along with convenient rear yard access. This versatile property previously operated as a convenience store, but could easily be reimagined to suit different business models. The residential unit has its own entrance and is complemented by a modest side garden. With a flexible layout comprising three rooms plus a kitchen and bathroom, it offers comfortable living space that can cater to rental demands or owner occupancy. There are numerous development possibilities ranging from maintaining the current configuration of the shop with an apartment above to converting the entire property into two separate flats (subject to planning permission). Additionally, potential exists for adding another floor to create even more residential units. Ideally placed in a vibrant area with good local amenities and strong transport links to Darlington town center, this property appeals to both residential tenants and local businesses alike. The substantial scope for refurbishment makes this an intriguing proposition for any investor seeking to maximize returns.

Investment Analysis

(DL1 area)
Area Average
£157/sq ft
Avg Rent (weekly)
£160
Avg Yield
5.4%

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
55
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (DL1)

Area prices are rising by +6.6% over the last 12 months
3 year growth: +12.7%
5 year growth: +20.0%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£289
Based on a loan of £60,000 over 30 years at 4.06% 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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