Coverdale Buildings, TS12
North East
£57,500
Listed on 02/09/2026
Listed on 02/09/2026
The listing
Property details
Bedrooms
3Type
CottageFeatures
- Garden
Description
This three-bedroom cottage is offered with no onward chain and provides an opportunity to complete improvement works. The accommodation includes an entrance vestibule, a front lounge with a fireplace, and a rear dining kitchen with a pantry. A rear lobby leads to the enclosed yard and a ground-floor shower room. Upstairs are three bedrooms, including a principal bedroom with fitted wardrobes.
The property has a small front garden with shared pathway access and an enclosed rear yard. The listing states that there is currently no heating system installed, although mains gas, water and electricity are connected. The home is set in a small row just behind the High Street and Ings Lane, within reach of local shops and amenities. The North East coast, including Skinningrove, Saltburn-by-the-Sea and Runswick Bay, is a short drive away. Freehold, with uPVC double glazing stated.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
46out of 100
Grade ELow opportunity
Confidence: LOW
This three-bedroom cottage has a clear renovation canvas: the photographed living spaces and bedrooms show damaged finishes and flooring, while the fitted kitchen is dated. The listing also says there is no heating system, so providing one will be part of shaping the home to your specification. The comparatively clean-looking shower room, double glazing and usable paved outdoor areas give the project some useful starting points; the asking price is £57,500, but floor area is missing, so value against local £/sqf cannot yet be judged.
The score is held back by the limited condition and value evidence, rather than a finding that the price is dear. The works range is £22,000–£42,000, and staining in several photographed bedroom areas should be investigated before repairs and redecoration. The quiet position near local amenities and the coast adds appeal for someone prepared to take on the improvement project.
Key opportunities
- Rework the dated living and kitchen spaces, replacing damaged flooring and finishes to create a more cohesive interior.
- Use the cottage’s stated good proportions, pantry and fireplace as starting points for a home tailored to the buyer.
- Improve the paved front and rear areas with routine surface and planting upkeep, while making use of the comparatively clean-looking shower room.
Key risks
- The £22,000–£42,000 works range, absent heating system and damaged finishes across several photographed rooms make this a substantial improvement programme rather than a cosmetic refresh; allow time and budget to investigate the bedroom staining and provide suitable heating.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£217
Based on a loan of £43,125 over 30 years at 4.45% interest
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