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Waverley Terrace, Shildon

North East

£40,000
Listed on 21/04/2026

Property Details

Bedrooms
2
Type
End Of Terrace
Area
1145 sqft

Description

This end-terrace house presents a significant renovation opportunity, ideally suited for those looking to invest in property within a growing community. Offering two spacious bedrooms and two reception areas, the layout allows for versatile use. The property benefits from essential amenities such as UPVC double glazing and gas central heating, although it requires comprehensive refurbishment to unlock its full potential. The entrance hallway leads into dual reception rooms, separated by sliding glazed doors, creating an airy feel while overlooking the front lawn garden and rear yard. The kitchen and bathroom—featuring both a bath and shower area—will need modernisation to meet current standards. Upstairs, there are two generous double bedrooms providing ample space for families or tenants. Outside, enjoy the advantages of a driveway and garage alongside a manageable enclosed yard at the back. Located in Shildon, you'll be close to local shops, schools, healthcare services, and public transport links, with picturesque countryside views nearby. This property represents an excellent canvas for investors or first-time buyers willing to undertake some renovations.

Investment Analysis

(DL4 area)

Below Market Value

This property is priced -58.3% below area average per sq ft

-58.3%
Potential saving
This Property
£35/sq ft
Area Average
£84/sq ft
Avg Rent (weekly)
£121
Avg Yield
7.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£105,420
10% above area average per sq ft
Potential ROI
+31.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (DL4)

Area prices are rising by +5.7% over the last 12 months
3 year growth: -7.6%
5 year growth: +11.1%
Investment Disclaimer: Analysis based on DL4 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

Waverley Terrace, Shildon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£142
Based on a loan of £30,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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