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Honister Grove, Acklam

North East

£239,950
Listed on 29/11/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached three-bedroom family residence presents an exciting opportunity for a discerning buyer looking to invest in a property with significant renovation potential. While the home currently provides ample space, including three reception rooms and generous gardens, it is in need of modern updates to unlock its full value. The original garage has been transformed into an additional reception room, and a new garage has been added, optimizing the available space without compromising on parking. The bright and spacious layout features an inviting entrance hall leading to multiple living areas, and a kitchen with essential amenities that can benefit from contemporary improvements. Upstairs, the three double bedrooms are complemented by a bathroom and separate WC, offering further scope for reconfiguration or modernization. Outside, the well-maintained front and rear gardens enhance curb appeal and outdoor living potential, especially with the desirable south-facing backyard. Located conveniently close to local schools, shops, and transport links such as the A19/A174, this property not only serves as a family home but also as a canvas for future investment growth.

Investment Analysis

(TS5 area)
Area Average
£166/sq ft
Avg Rent (weekly)
£180
Avg Yield
5.0%

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
45
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (TS5)

Area prices are rising by +8.0% over the last 12 months
3 year growth: 6.3%
5 year growth: 18.3%
Investment Disclaimer: Analysis based on TS5 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

Honister Grove, Acklam
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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
£879
Based on a loan of £179,962 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