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Park Drive, Stockton-on-tees, TS19 8AB

North East

£145,000
Listed on 02/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This appealing semi-detached bungalow presents an excellent opportunity for those looking to invest in a property with renovation potential. Situated in the sought-after TS19 area, it caters well to first-time buyers and investors alike, offering a chance to customize a home to fit individual needs. The layout boasts a spacious main living area alongside a kitchen that is ripe for modernization, and two bedrooms on the ground floor, with the added benefit of a loft conversion accessible via a fixed staircase. This versatile space can serve as an additional bedroom or be transformed into an office or craft room. Outside, the property features generous paved gardens both at the front and rear, providing manageable outdoor spaces suitable for leisure or entertaining. With secure off-street parking available through gated access, this bungalow not only offers convenience but also significant scope for enhancement and value addition through thoughtful updates.

Investment Analysis

(TS19 area)
Area Average
£172/sq ft
Avg Rent (weekly)
£160
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (TS19)

Area prices are rising by +3.1% over the last 12 months
3 year growth: 5.4%
5 year growth: 20.2%
Investment Disclaimer: Analysis based on TS19 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

Park Drive, Stockton-on-tees, TS19 8AB
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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
£531
Based on a loan of £108,750 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