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11 Abbey Drive, Houghton le Spring, County Durham DH4 5JZ - Image 1
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11 Abbey Drive, Houghton le Spring, County Durham DH4 5JZ

North East

£60,000
Listed on 25/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

Presenting a three-bedroom end-terrace home situated on a prominent corner plot, this property offers ample space and significant renovation potential. Spanning approximately 80 m² across two floors, the layout features a large dual-aspect living room with a bay window, providing an inviting atmosphere. The ground level also includes a generous kitchen/diner and practical entrance hall, alongside outside storage options. Upstairs, you will find the main bedroom along with two additional bedrooms, a family bathroom, and multiple built-in cupboards for added convenience. While the property requires updating throughout, it serves as an excellent canvas for investors or buyers eager to enhance its value. The spacious rooms and functional configuration allow for diverse renovation possibilities, whether transforming it into a comfortable family home or optimizing it for rental opportunities. Externally, the slightly elevated corner position affords some front garden space and nearby on-street parking, contributing to both accessibility and appeal. Its location is advantageous, being in close proximity to local amenities, educational institutions, and transport links—factors that can enhance future resale value or rental prospects. This well-positioned property stands as a promising investment opportunity with considerable long-term potential. Early viewings are encouraged for those interested in exploring its possibilities further. Please note that all measurements are approximate; prospective buyers should verify the condition and layout independently. The property is sold freehold with an expired EPC rating of C. An administration fee applies upon exchange of contracts as detailed in the legal pack.

Investment Analysis

(DH4 area)
Area Average
£183/sq ft
Avg Rent (weekly)
£160
Avg Yield
4.0%

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
36
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DH4)

Area prices are stable by +1.8% over the last 12 months
3 year growth: 0.4%
5 year growth: 11.3%
Investment Disclaimer: Analysis based on DH4 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

11 Abbey Drive, Houghton le Spring, County Durham DH4 5JZ
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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
£220
Based on a loan of £45,000 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