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Gray Square, Wingate, County Durham, TS28 - Image 1
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Gray Square, Wingate, County Durham, TS28

North East

£28,000
Listed on 28/12/2025

Property Details

Bedrooms
1
Type
Semi-detached house

Description

This semi-detached bungalow presents a prime opportunity for investors or those looking to create their ideal living space. Comprising a ground floor layout that includes an entrance hallway, living room, kitchen, one bedroom, bathroom, and a storeroom, this property offers a solid foundation for renovation. Both front and rear gardens provide additional outdoor potential along with off-road parking via the driveway. However, it's important to note that the home requires comprehensive refurbishment throughout and is currently deemed unmortgageable, making it suitable solely for cash buyers. With local schools and transport links nearby, as well as easy access to the A19, this location promises both convenience and value appreciation potential following redevelopment.

Investment Analysis

(TS28 area)
Area Average
£171/sq ft

Renovation Potential

Heavy 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
7
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TS28)

Area prices are rising by +32.0% over the last 12 months
3 year growth: 20.4%
5 year growth: 44.8%
Investment Disclaimer: Analysis based on TS28 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

Gray Square, Wingate, County Durham, TS28
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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
£103
Based on a loan of £21,000 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