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Encombe Terrace, Ferryhill, DL17 - Image 1
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Encombe Terrace, Ferryhill, DL17

North East

£70,000
Listed on 24/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
966 sqft

Description

This mid-terraced three-bedroom property presents an exciting opportunity for buyers eager to infuse their personal style into a home with ample space. The ground floor hosts two sizable reception areas, featuring bay windows that invite natural light and add charm. The main living room boasts wood flooring and a fireplace, while the adjacent dining room is well-suited for family gatherings or entertaining friends. The kitchen, while functional, offers scope for modernization with its existing units and tiled splashbacks; a generous window allows sunlight to filter in. Additionally, there's a utility area off the kitchen that serves as a practical space for extra storage and appliances. On the upper floor, you will find three nicely sized bedrooms, each with unique features—such as decorative wall panels in the master bedroom and built-in storage in the second. The third bedroom provides flexibility for various uses according to your needs. The bathroom is equipped with modern fixtures including a freestanding bath and a walk-in shower, though updates could enhance its appeal further. Externally, there's a manageable front forecourt and a private rear courtyard that includes roller shutter access for off-street parking of one vehicle. The property comes with an advance legal pack designed to streamline the buying process by providing necessary documentation upfront. With its promising potential for customization and improvement, this property represents an attractive investment opportunity in the current market.

Investment Analysis

(DL17 area)

Below Market Value

This property is priced -32.7% below area average per sq ft

-32.7%
Potential saving
This Property
£72/sq ft
Area Average
£108/sq ft
Avg Rent (weekly)
£122
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£114,442
10% above area average per sq ft
Potential ROI
+4.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (DL17)

Area prices are rising by +14.9% over the last 12 months
3 year growth: +20.9%
5 year growth: +50.4%
Investment Disclaimer: Analysis based on DL17 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

Encombe Terrace, Ferryhill, DL17
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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
£248
Based on a loan of £52,500 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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