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Spen Street, Stanley

North East

£42,500
Listed on 14/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
723 sqft

Description

This vacant two-bedroom mid-terrace property represents a compelling opportunity for renovation enthusiasts or investors in the North East. The layout comprises an entrance vestibule with stairs leading up to a landing, where two bedrooms and a shower room are located. The ground floor features a lounge equipped with a traditional fireplace and a kitchen that requires modernisation. The rear yard is enclosed and offers off-street parking via double gates, enhancing its appeal for buyers looking to invest. While the home is well-presented overall, it necessitates cosmetic updates throughout, allowing new owners to imprint their style and potentially increase the property's value significantly. An internal viewing is strongly recommended to fully appreciate what this property can offer as a renovation project.

Investment Analysis

(DH9 area)

Below Market Value

This property is priced -49.1% below area average per sq ft

-49.1%
Potential saving
This Property
£59/sq ft
Area Average
£116/sq ft
Avg Rent (weekly)
£144
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£91,857
10% above area average per sq ft
Potential ROI
+36.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (DH9)

Area prices are rising by +11.5% over the last 12 months
3 year growth: +10.7%
5 year growth: +22.3%
Investment Disclaimer: Analysis based on DH9 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

Spen Street, Stanley
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£153
Based on a loan of £31,875 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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