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Tennyson Terrace, Crook

North East

£63,000
Listed on 18/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1141 sqft

Description

This two-bedroom mid-terrace house on Tennyson Terrace in Crook offers a solid foundation for renovation and investment. With its traditional layout, the property features two spacious reception rooms that create an inviting atmosphere, ideal for reimagining into a modern living space. The bedrooms are generously sized, providing comfortable quarters that can easily be tailored to individual preferences. The bathroom, while serviceable, presents a clear opportunity for updates to enhance functionality and aesthetics, allowing the new owner to inject their personal style. A notable highlight of this property is the expansive rear garden. This outdoor space not only offers potential for landscaping but also serves as a versatile area for gardening or recreational activities. The attached garage adds another layer of convenience, whether used as storage or repurposed into a workshop. Additionally, parking for two vehicles ensures accessibility for both residents and guests. Although some updates are necessary throughout the home, this situation creates an ideal scenario for buyers looking to invest in property value through renovations. Situated in a desirable location within Crook, this house represents an excellent opportunity to craft a personalized living space while simultaneously increasing its market worth. The exterior includes an enclosed yard at the rear and provides access to an extended garden area that features a summer house—perfect for those seeking additional outdoor leisure options. This combination of features sets the stage for both immediate enjoyment and potential long-term investment returns. Given its prime location and inherent renovation possibilities, this property stands out as an unmissable chance for savvy buyers looking to put their mark on a new home.

Investment Analysis

(DL15 area)

Below Market Value

This property is priced -57.1% below area average per sq ft

-57.1%
Potential saving
This Property
£55/sq ft
Area Average
£129/sq ft
Avg Rent (weekly)
£145
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£161,469
10% above area average per sq ft
Potential ROI
+73.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DL15)

Area prices are rising by +9.7% over the last 12 months
3 year growth: 5.6%
5 year growth: 16.7%
Investment Disclaimer: Analysis based on DL15 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.

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Location

Tennyson Terrace, Crook
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