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St Ives Road, Leadgate, DH8

North East

£70,000
Listed on 24/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
922 sqft

Description

This two-bedroom home offers significant renovation potential and is conveniently located in Leadgate, making it an appealing opportunity for both investors and buyers looking to customize their living space. With no onward chain, you can begin your project without delay. Upon entering, you are welcomed by an entrance hall that leads to the staircase and provides access to the lounge. The lounge is a spacious area featuring a charming fireplace, a wall-mounted radiator, and a generous double-glazed window that fills the room with natural light. A built-in storage cupboard adds to the practicality of this inviting space. At the rear of the ground floor is an open-plan kitchen and dining room — a flexible area that can be transformed into a modern culinary and social hub. From here, a rear door opens up to an enclosed yard, offering private outdoor space that could be enhanced with landscaping or patio improvements. Upstairs, you'll find two well-sized double bedrooms; each offers ample room for furnishings and creative design options to reflect your personal style. The family bathroom is also conveniently located on this level, featuring a bath with an overhead shower, hand basin, and WC. While the property requires renovations throughout, its layout and location present excellent scope for improvement and value increase. The potential for customization makes this home a promising venture for those willing to invest time and effort into transforming it into their dream residence. With its close proximity to local amenities and community services in Leadgate, this property stands out as a project worth considering.

Investment Analysis

(DH8 area)

Below Market Value

This property is priced -51.4% below area average per sq ft

-51.4%
Potential saving
This Property
£76/sq ft
Area Average
£156/sq ft
Avg Rent (weekly)
£183
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£158,519
10% above area average per sq ft
Potential ROI
+44.1%
After renovation
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
24%
Properties sold annually

Local Market Trend (DH8)

Area prices are rising by +5.2% over the last 12 months
3 year growth: 18.0%
5 year growth: 27.1%
Investment Disclaimer: Analysis based on DH8 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

St Ives Road, Leadgate, DH8
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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
£256
Based on a loan of £52,500 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