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Coverdale Buildings, TS12

North East

£57,500
Listed on 12/03/2026

Property Details

Bedrooms
3
Type
Cottage

Description

This three-bedroom cottage presents a valuable opportunity for both investors and first-time buyers eager to undertake a renovation project. Positioned within a tranquil row of similar properties, the cottage is conveniently located just off the High Street, providing both quiet living and easy access to local amenities. With no onward chain, you have the flexibility to develop this property according to your personal preferences and vision. The interior offers spacious accommodations, including a welcoming entrance hallway, a front living room with a charming fireplace, and a practical rear dining kitchen featuring an adjoining pantry cupboard. A lobby leads to the enclosed rear yard, while a recently re-fitted ground floor shower room enhances usability. Upstairs, you will find three bedrooms, notably including a generous principal bedroom equipped with fitted wardrobes. Externally, the property includes a small front garden area and an enclosed rear yard—ideal spaces to create attractive outdoor settings. Currently lacking a heating system and in need of general refurbishment, this cottage allows prospective buyers to add significant value through modernisation. The appealing location near the picturesque North East coastline makes it an attractive option for those looking to invest in real estate or create their perfect home.

Investment Analysis

(TS12 area)
Area Average
£199/sq ft
Avg Rent (weekly)
£170
Avg Yield
4.5%

Renovation Potential

Medium 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
18
Average per month
Market Turnover
56%
Properties sold annually

Local Market Trend (TS12)

Area prices are falling by -9.6% over the last 12 months
3 year growth: +2.4%
5 year growth: +26.6%
Investment Disclaimer: Analysis based on TS12 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

Coverdale Buildings, TS12
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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
£207
Based on a loan of £43,125 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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