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Grasmere Road, Ferryhill, County Durham, DL17 - Image 1
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Grasmere Road, Ferryhill, County Durham, DL17 - Image 3
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Grasmere Road, Ferryhill, County Durham, DL17 - Image 5
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Grasmere Road, Ferryhill, County Durham, DL17 - Image 7
Grasmere Road, Ferryhill, County Durham, DL17 - Image 8
Grasmere Road, Ferryhill, County Durham, DL17 - Image 9
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Grasmere Road, Ferryhill, County Durham, DL17 - Image 11

Grasmere Road, Ferryhill, County Durham, DL17

North East

£120,000
Listed on 26/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1443 sqft

Description

This semi-detached property presents a solid opportunity for renovation and investment, appealing to first-time buyers, families looking to expand, or those seeking rental potential. On the ground floor, a welcoming entrance leads into a spacious living room that offers ample space for relaxation and entertaining. Further along, an expansive open-plan kitchen and dining area provide a central hub for family gatherings, which flows effortlessly into a conservatory at the rear—ideal for additional living space with direct access to the garden. The first floor features two generously sized double bedrooms along with a comfortable single bedroom, suitable as a child’s room or home office. A family bathroom and an adjacent separate toilet enhance functionality. Outside, the property boasts a sizeable rear garden perfect for outdoor activities. Additional storage options include a wooden workshop, concrete lock-up shed, and brick outbuilding with versatile uses. Off-street parking is available on the driveway situated in front of the brick outbuilding. Located in Ferryhill, the home is well-positioned near local shops, schools, and transport links that simplify commuting to surrounding areas. While it provides comfortable living right now, there is significant potential to customize this home further and increase its value.

Investment Analysis

(DL17 area)

Below Market Value

This property is priced -20.1% below area average per sq ft

-20.1%
Potential saving
This Property
£83/sq ft
Area Average
£104/sq ft
Avg Rent (weekly)
£122
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£165,238
10% above area average per sq ft
Potential ROI
+14.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (DL17)

Area prices are rising by +19.2% over the last 12 months
3 year growth: +20.9%
5 year growth: +44.2%
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

Grasmere Road, Ferryhill, County Durham, DL17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£433
Based on a loan of £90,000 over 30 years at 4.06% 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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