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North Street, West Rainton, Houghton Le Spring, Durham, DH4 - Image 1
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North Street, West Rainton, Houghton Le Spring, Durham, DH4

North East

£220,000
Listed on 06/05/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
841 sqft

Description

This substantial detached bungalow sits on a generous plot of approximately 0.35 acres in the sought-after area of West Rainton. With significant potential for redevelopment, this site could accommodate multiple detached homes or be transformed into a larger single residence, contingent on obtaining the necessary planning permissions. The configuration and size of the outdoor space offer flexibility for various development schemes, making this opportunity particularly appealing in this popular region. Currently, the bungalow features single-level living with two double bedrooms, a reception room, kitchen, utility area, and bathroom. Given its current condition, the property is in need of comprehensive renovations, presenting an ideal project for investors or buyers looking to capitalize on its prime location and development potential.

Investment Analysis

(DH4 area)

Above Market Value

This property is priced +46.2% above area average per sq ft

+46.2%
This Property
£262/sq ft
Area Average
£179/sq ft
Avg Rent (weekly)
£160
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£165,500
10% above area average per sq ft
Potential ROI
-46.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DH4)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -3.8%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on DH4 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

North Street, West Rainton, Houghton Le Spring, Durham, DH4
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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
£785
Based on a loan of £165,000 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

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