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High Street, Greatham

North East

£180,000
Listed on 24/11/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
2474 sqft

Description

This unique property offers a versatile floor plan with over 2,000 sq. ft. of living space, originally designed as a shop and now transformed into a residential home. With four or five reception rooms, four bedrooms, and ample loft space, this property presents an excellent opportunity for renovation or investment. The ground floor features an entrance hall leading to multiple reception rooms, while the first floor comprises a well-equipped kitchen and various bedrooms including a potential lounge area. The gas central heating is provided by a modern combi boiler, and the wooden sash windows add character to the home. There’s also a functional cellar and outbuildings in the rear courtyard, enhancing storage options or potential conversion areas. The property is chain-free and possesses freehold tenure, making it an attractive proposition for buyers looking to customize their living environment or capitalize on rental opportunities in this North East location.

Investment Analysis

(TS25 area)

Below Market Value

This property is priced -48.5% below area average per sq ft

-48.5%
Potential saving
This Property
£73/sq ft
Area Average
£141/sq ft
Avg Rent (weekly)
£137
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£384,262
10% above area average per sq ft
Potential ROI
+74.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (TS25)

Area prices are rising by +10.6% over the last 12 months
3 year growth: 3.1%
5 year growth: 17.7%
Investment Disclaimer: Analysis based on TS25 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

High Street, Greatham
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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
£659
Based on a loan of £135,000 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