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Moorsburn Drive, Houghton le Spring, Durham - Image 1
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Moorsburn Drive, Houghton le Spring, Durham

North East

£85,000
Listed on 31/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1074 sqft

Description

This property presents an excellent opportunity for those looking to undertake a renovation project in a well-established area. With its vacant status for approximately six years, it offers a blank canvas for cash buyers to customize and enhance according to their vision. The internal layout features a welcoming entrance porch leading into a spacious main reception area, alongside a separate dining space and kitchen at the rear. Upstairs, you will find three generously sized bedrooms and a bathroom situated off the central landing. Externally, the home boasts gardens both at the front and back, allowing for potential development or landscaping that aligns with your personal preferences. Positioned conveniently between Durham and Sunderland, this residence provides easy access to nearby urban amenities as well as coastal retreats such as Seaham beach. Local schools, shops, and restaurants are also within reach, making it suitable for families or investors alike. Given its age and condition, including necessary repairs such as damage to the kitchen ceiling and disconnected services, this property is best suited for buyers willing to invest time and resources into refurbishment. Early viewings are advised to grasp the full extent of its potential.

Investment Analysis

(DH4 area)

Below Market Value

This property is priced -56.7% below area average per sq ft

-56.7%
Potential saving
This Property
£79/sq ft
Area Average
£183/sq ft
Avg Rent (weekly)
£155
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£215,901
10% above area average per sq ft
Potential ROI
+72.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (DH4)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -0.6%
5 year growth: +11.7%
Investment Disclaimer: Analysis based on DH4 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

Moorsburn Drive, Houghton le Spring, Durham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£307
Based on a loan of £63,750 over 30 years at 4.06% 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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