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3 Holme House Cottages, Piercebridge

North East

£130,000
Listed on 12/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
771 sqft

Description

This two-bedroom mid-terraced cottage presents a unique renovation opportunity in the desirable village of Piercebridge, located just steps away from the scenic River Tees. The property is in need of complete refurbishment, making it an ideal project for investors or those looking to create a personalized home. Notably, there are no onward chain complications, allowing for a straightforward acquisition process. 3 Holme House Cottage boasts a strategic location on the fringe of Piercebridge Village, which offers essential amenities including a local farm shop, a café, and a post office, as well as two public houses and a church. For broader accessibility, Barnard Castle is approximately 11 miles away, with Darlington and Bishop Auckland just 5 miles and 10 miles respectively. Excellent transport links via the A1, A67, and A68 facilitate easy commutes to major urban centers in the North East. Additionally, Darlington mainline railway station and Durham Tees Valley International Airport enhance connectivity throughout the region and beyond. Upon entering the property, you’ll find yourself in a rear entrance porch that leads to a utility/pantry area and kitchen. This space features double-glazed windows overlooking the rear garden and provides access to both the staircase leading to the first floor and the living room. The living room itself includes another double-glazed window at the front, a fireplace adding potential character to future designs, and doors leading to both the front garden and house bathroom. The first floor accommodates two bedrooms accessed via a half landing staircase—a design that opens up various possibilities for reconfiguration or expansion if desired. Externally, the property includes a small front garden predominantly laid to patio with gated access for added privacy. At the rear lies an open gravel area complemented by an external storage facility—both spaces offer potential for landscaping or further development based on your vision. There is also communal parking available nearby for off-street convenience. With freehold tenure believed to be offered with vacant possession upon completion, this property is poised as an enticing canvas for those ready to invest in its transformation into a livable gem within this charming community. Council tax is banded B under North Yorkshire Council regulations. Overall, 3 Holme House Cottage stands out as an appealing prospect for prospective homeowners or investors aiming to capitalize on its renovation potential while enjoying all that Piercebridge has to offer.

Investment Analysis

(DL2 area)

Below Market Value

This property is priced -26.1% below area average per sq ft

-26.1%
Potential saving
This Property
£169/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£193,621
10% above area average per sq ft
Potential ROI
-7.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (DL2)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -1.9%
5 year growth: 13.3%
Investment Disclaimer: Analysis based on DL2 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

3 Holme House Cottages, Piercebridge
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£476
Based on a loan of £97,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE