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Springhead Terrace, Loftus

North East

£90,000
Listed on 23/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

Nestled on a sought-after, tree-lined street just moments away from Loftus' historic marketplace, this three-bedroom home presents a valuable opportunity for those looking to invest in a property with significant renovation potential. One of the most appealing aspects of this home is its expansive rear garden. This space not only serves as a delightful outdoor area but also offers exciting possibilities for development, such as the addition of a garage or other enhancements, pending necessary approvals. The property is in need of refurbishment, providing a blank canvas for the new owner to put their personal stamp on it. This situation allows for customization to meet specific tastes and functional requirements, making it an ideal project for someone interested in creating their dream home or maximizing rental potential. Situated within a welcoming community, this residence is conveniently located near local amenities and transport links, which adds to its attractiveness for families and first-time buyers alike. With some imagination and effort, this house has the potential to be transformed into a beautiful home that reflects modern living while retaining its character. The layout includes a bright living room featuring a bay window and an open fireplace. The kitchen provides practical space with fitted units and plumbing ready for appliances. The ground floor bathroom includes essential fixtures and has scope for improvement. Each bedroom is well-sized, offering comfort and versatility. Overall, this property stands out as an investment opportunity that promises both immediate appeal and long-term value enhancement in a desirable location.

Investment Analysis

(TS13 area)
Area Average
£143/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TS13)

Area prices are falling by +10.1% over the last 12 months
3 year growth: -1.7%
5 year growth: -2.1%
Investment Disclaimer: Analysis based on TS13 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

Springhead Terrace, Loftus
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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
£330
Based on a loan of £67,500 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