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Kitchener Street, Darlington, DL3 6NL - Image 1
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Kitchener Street, Darlington, DL3 6NL - Image 4
Kitchener Street, Darlington, DL3 6NL - Image 5
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Kitchener Street, Darlington, DL3 6NL - Image 8
Kitchener Street, Darlington, DL3 6NL - Image 9
Kitchener Street, Darlington, DL3 6NL - Image 10
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Kitchener Street, Darlington, DL3 6NL

North East

£60,000
Listed on 01/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
743 sqft

Description

Situated in the desirable Denes area of Darlington, this mid-terrace property offers a solid foundation for renovation and investment. While it requires a comprehensive refurbishment, this presents a unique opportunity for you to customize it to your specific preferences and increase its value. The home features two spacious reception rooms, ideal for reimagining your living space or creating an inviting area for gatherings. The kitchen, although in need of modernization, provides a practical layout to work with. On the upper floor, you’ll find two generous bedrooms, well-suited for family living or potential rental opportunities. The sizeable bathroom offers additional scope for enhancing functionality and style. A notable aspect of this property is its larger-than-average layout, further complemented by an extension at the rear. High ceilings throughout contribute to a sense of space, while the existing gas central heating system is functional but may require updates. The majority of windows are fitted with UPVC double glazing to improve energy efficiency; however, some wooden single-glazed elements remain that may benefit from attention. This property's location adds to its appeal; it is conveniently close to local shops, schools, and other essential amenities. The town center is within walking distance, offering various services that enhance everyday convenience. Currently offered with no onward chain, this property enables a straightforward purchasing process—a compelling feature for both seasoned investors and first-time buyers eager for a project. With thoughtful renovations and improvements, this home has great potential to become either a comfortable residence or an attractive rental investment. Please note: This property falls under Council Tax Band A and has Freehold tenure. Room dimensions and total square footage should be considered as approximate guides only.

Investment Analysis

(DL3 area)

Below Market Value

This property is priced -50.6% below area average per sq ft

-50.6%
Potential saving
This Property
£81/sq ft
Area Average
£163/sq ft
Avg Rent (weekly)
£157
Avg Yield
4.8%

Renovation Potential

Est. Renovation Cost
£6,000 - £15,000
10-25% of property value
Target Value
£133,588
10% above area average per sq ft
Potential ROI
+78.1%
After renovation
Monthly Sales
39
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (DL3)

Area prices are rising by +4.1% over the last 12 months
3 year growth: 12.3%
5 year growth: 4.6%
Investment Disclaimer: Analysis based on DL3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Kitchener Street, Darlington, DL3 6NL
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