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Millbank Lane, Thornaby, Stockton-On-Tees - Image 1
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Millbank Lane, Thornaby, Stockton-On-Tees

North East

£130,000
Listed on 12/03/2026

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom semi-detached bungalow in Thornaby presents a significant opportunity for renovation-minded buyers. Located on the sought-after Millbank Lane, the property features a spacious lounge, two decent-sized bedrooms, a functional kitchen, and a family bathroom, all arranged for practical single-level living. While the home is in need of modernization, it offers ample room to enhance its value and potentially reconfigure the layout to better suit contemporary living standards. The enclosed rear garden provides an inviting outdoor space that could be transformed with some landscaping or even extended (subject to necessary permissions). Additionally, there is a driveway offering off-road parking and secured by gates and boundary walls, enhancing privacy. This property is ideal for first-time buyers wishing to create their dream home or investors aiming to capitalize on the refurbishment potential. Overall, this bungalow represents an excellent canvas for those looking to invest time and resources into a rewarding project.

Investment Analysis

(TS17 area)
Area Average
£194/sq ft
Avg Rent (weekly)
£174
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (TS17)

Area prices are stable by +0.6% over the last 12 months
3 year growth: +1.8%
5 year growth: +7.5%
Investment Disclaimer: Analysis based on TS17 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

Millbank Lane, Thornaby, Stockton-On-Tees
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£469
Based on a loan of £97,500 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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