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Belgrave Drive, Normanby

North East

£135,000
Listed on 20/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom bungalow presents a promising opportunity for those interested in renovation and investment. Nestled in a well-regarded residential neighborhood, the property's layout and features are primed for modernization, allowing prospective buyers to reimagine the space according to their tastes. The home includes durable triple glazing throughout, enhancing energy efficiency and comfort. A boarded loft provides additional storage options, making it easier to keep the living areas organized while also potentially permitting future expansion if local regulations allow. Externally, the property offers a spacious driveway alongside a detached garage, creating ample off-street parking and room for workshop activities or additional storage. These features increase the overall utility of the property and could be attractive to future buyers or tenants. With its solid main utilities including gas central heating and mains sewerage, this residence is equipped for immediate occupancy while also presenting an excellent canvas for improvements. Given its sought-after location, there is significant potential to enhance value through thoughtful renovations, making it an appealing project for investors looking to capitalize on an up-and-coming area. Further practical details include a standard broadband connection and mobile signal availability, ensuring that modern conveniences are easily accessible. The property is offered as freehold with Council Tax Band C designation. Overall, this bungalow not only offers a comfortable living space but also serves as a strong investment opportunity ripe with possibilities for development.

Investment Analysis

(TS6 area)
Area Average
£154/sq ft
Avg Rent (weekly)
£155
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
25
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (TS6)

Area prices are stable by +1.7% over the last 12 months
3 year growth: 7.4%
5 year growth: 25.6%
Investment Disclaimer: Analysis based on TS6 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

Belgrave Drive, Normanby
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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
£495
Based on a loan of £101,250 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