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Wark, Northumberland, NE48

North East

£250,000

Listed on 28/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
861 sqft

Description

This spacious, three-bedroom semi-detached bungalow offers significant renovation and investment potential. The property features integral garaging that not only provides ample storage but has also received planning permission for conversion into additional living space, enhancing its value. The exterior boasts mature gardens and generous parking facilities, creating an attractive setting. Internally, the property benefits from double glazing and oil-fired central heating, with all fitted carpets and window treatments included in the sale. Ideal for a variety of buyers including single professionals, couples, or families looking for room to grow, this home warrants early viewing to fully appreciate its capabilities. The layout includes a welcoming entrance hall leading to three bedrooms, a well-sized living room with garden views, a dining kitchen equipped with essential appliances, and a rear porch for added convenience. The additional garage space presents a unique opportunity for expansion or adaptation as needed. With approved planning for an extension to add an extra bedroom and bathroom, this bungalow is primed for further enhancement. The established garden offers charm while the location provides easy access to local amenities. This property serves as both a welcoming home and an ideal investment opportunity.

Investment Analysis

(NE48 area)

Above Market Value

This property is priced +32.1% above area average per sq ft

+32.1%
This Property
£290/sq ft
Area Average
£220/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£208,125
10% above area average per sq ft
Potential ROI
-28.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NE48)

Area prices are falling by -11.8% over the last 12 months
3 year growth: -5.5%
5 year growth: +9.1%
Investment Disclaimer: Analysis based on NE48 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

Wark, Northumberland, NE48
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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
£892
Based on a loan of £187,500 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

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