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3 Holme House Cottages, Piercebridge

North East

£90,000

Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Terraced
Area
771 sqft

Description

This two-bedroom mid-terraced cottage presents a substantial renovation opportunity, located at the edge of the desirable village of Piercebridge near the River Tees. The property is being sold via modern auction and is available with no onward chain, which could be advantageous for buyers looking to invest. A complete refurbishment is required, offering the chance for the new owner to tailor the space to their specifications. Nestled close to essential amenities including a farm shop, café, post office, and local pubs, this property provides a fantastic base for restoration. With easy access to major roads such as the A1, A67, and A68, commuting to larger commercial hubs in the North East is convenient. The interior layout includes a ground floor with an entrance porch leading into a utility/pantry and kitchen area. The living room features a fireplace and opens into a dining room, while also providing access to a bathroom. The first floor hosts two bedrooms accessible via a half landing. Externally, there’s a small front garden primarily laid to patio and a rear gravel area with an external store. Additionally, communal off-street parking is available. This property represents an enticing investment prospect in need of significant refurbishment in a charming location.

Investment Analysis

(DL2 area)

Below Market Value

This property is priced -48.8% below area average per sq ft

-48.8%
Potential saving
This Property
£117/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£193,240
10% above area average per sq ft
Potential ROI
+38.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (DL2)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -6.4%
5 year growth: +4.7%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£321
Based on a loan of £67,500 over 30 years at 3.97% 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

Price History

-30.8% since listed
£90,000£40,000(-30.8%)
15/05/2026
Current price
£130,000Initial listing
11/10/2025

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