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The Bank, Barnard Castle

North East

£180,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1903 sqft

Description

This mixed-use property presents an exciting opportunity for redevelopment in the heart of Barnard Castle. Previously serving as both a commercial space and a three-bedroom flat, this building features unique architectural elements including an arched brick cellar, spacious rooms with character, and a loft area with exposed beams. The ground floor is accessible from the street and includes a reception area, kitchen equipped for commercial use, and additional utility space. On the first floor, there are three bedrooms, a shower room, and a sizable rear kitchen/reception area leading to a private garden. The generous plot size offers potential for various renovation projects, whether aiming to restore it as a family residence or transform it into a lucrative holiday rental accommodating visitors to the picturesque Tees Valley and North Yorkshire region. With immediate vacant possession available, this property is ready for its next chapter. An internal viewing is recommended to fully appreciate its transformation possibilities.

Investment Analysis

(DL12 area)

Below Market Value

This property is priced -57.3% below area average per sq ft

-57.3%
Potential saving
This Property
£95/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£178
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£463,352
10% above area average per sq ft
Potential ROI
+101.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DL12)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 13.7%
5 year growth: 22.7%
Investment Disclaimer: Analysis based on DL12 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

The Bank, Barnard Castle
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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