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Parkgate Lane, Winlaton

North East

£119,950
Listed on 13/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
971 sqft

Description

This three-bedroom semi-detached house offers a promising opportunity for renovation in a sought-after area of Winlaton. The layout includes an entrance hallway, lounge with electric fireplace, a dining room with access to the kitchen, and practical storage spaces on the ground floor. Upstairs, you'll find three bedrooms, each equipped with built-in storage solutions, alongside a separate W/C and a bathroom featuring a traditional layout. Externally, the property has a paved driveway and garden space at the front, complemented by an enclosed rear garden that could be transformed into an inviting outdoor area. Although the home requires updating throughout, it holds excellent potential for those looking to create their ideal residence while being conveniently located near schools and village amenities. Viewing is strongly advised to appreciate the possibilities this property presents.

Investment Analysis

(NE21 area)

Below Market Value

This property is priced -30.7% below area average per sq ft

-30.7%
Potential saving
This Property
£124/sq ft
Area Average
£178/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£190,442
10% above area average per sq ft
Potential ROI
+22.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (NE21)

Area prices are falling by -2.9% over the last 12 months
3 year growth: -4.2%
5 year growth: +11.9%
Investment Disclaimer: Analysis based on NE21 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

Parkgate Lane, Winlaton
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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
£433
Based on a loan of £89,962 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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