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West Terrace, North Ormesby, TS3

North East

£40,000
Listed on 07/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1012 sqft

Description

This bay fronted mid-terrace home features three bedrooms and presents a significant opportunity for renovation and investment. With its current condition reflecting a necessity for a comprehensive update, the property is ideal for those looking to transform it into a modern living space. The layout includes a lounge, dining room, and kitchen, all of which can be reconfigured to enhance flow and functionality. Additionally, there is a generous storage area accessible from the kitchen, offering potential for conversion into a utility room or additional living space. With vision and effort, this property could evolve into an inviting family home or serve as a strong asset in the rental market.

Investment Analysis

(TS3 area)

Below Market Value

This property is priced -60.7% below area average per sq ft

-60.7%
Potential saving
This Property
£40/sq ft
Area Average
£100/sq ft
Avg Rent (weekly)
£149
Avg Yield
8.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£111,821
10% above area average per sq ft
Potential ROI
+24.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (TS3)

Area prices are rising by +6.9% over the last 12 months
3 year growth: 4.6%
5 year growth: 30.1%
Investment Disclaimer: Analysis based on TS3 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

West Terrace, North Ormesby, TS3
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£147
Based on a loan of £30,000 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