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Fern Valley, Crook

North East

£32,000
Listed on 15/05/2026

Property Details

Bedrooms
1
Type
Bungalow

Description

This one-bedroom terrace bungalow is a promising investment opportunity, particularly for those looking to enter the property market or undertake a renovation project. The bungalow is situated in a residential estate in Crook, conveniently located near public transport and local amenities. While the property currently requires modernisation, it comes equipped with gas central heating and UPVC double glazed windows, providing a solid foundation to start from. The layout includes an entrance porch with storage, a front-facing lounge suitable for seating and dining, an inner hallway leading to the bedroom and bathroom, both of which present potential for improvement. Outside, there is off-road parking and a side garden which can be transformed into an inviting outdoor space. With no forward chain, this property offers flexibility for buyers looking to renovate at their own pace.

Investment Analysis

(DL15 area)
Area Average
£128/sq ft
Avg Rent (weekly)
£141
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £18,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DL15)

Area prices are rising by +4.3% over the last 12 months
3 year growth: +7.4%
5 year growth: +5.3%
Investment Disclaimer: Analysis based on DL15 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

Fern Valley, Crook
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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
£114
Based on a loan of £24,000 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.

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