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Pine Road, Ormesby, Middlesbrough

North East

£120,000
Listed on 08/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom semi-detached bungalow offers a promising canvas for renovation, ideally suited for buyers eager to customize their living space or invest in a property with significant potential. Nestled in a well-regarded residential neighborhood, the location provides easy access to local amenities, parks, and transport links, making it attractive for both homeowners and future tenants. The layout includes a spacious lounge that invites natural light, alongside a kitchen that features an adjoining utility area—ideal for reconfiguring according to modern preferences. Two generously sized double bedrooms offer ample space for comfort and accommodation. A family bathroom is also included, presenting the opportunity to enhance its functionality with contemporary updates. Externally, the property benefits from front and rear gardens that allow for outdoor relaxation or gardening enthusiasts. A side driveway leads to a detached garage, ensuring off-street parking and additional storage solutions are readily available. While the bungalow requires comprehensive modernization throughout, this presents an excellent opportunity for astute investors or buyers looking to create a home that reflects their personal style. With thoughtful renovations, this property could transform into a desirable residence in a sought-after area. Whether you're considering an investment project or downsizing with plans to personalize your living space, this bungalow's potential is worth exploring further.

Investment Analysis

(TS7 area)
Area Average
£209/sq ft
Avg Rent (weekly)
£174
Avg Yield
3.0%

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
24
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TS7)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -6.8%
5 year growth: 5.1%
Investment Disclaimer: Analysis based on TS7 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

Pine Road, Ormesby, Middlesbrough
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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
£440
Based on a loan of £90,000 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