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Spen Street, Stanley, DH9

North East

£55,000

Listed on 02/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
602 sqft

Description

This two-bedroom mid-terraced house presents a promising opportunity for those ready to invest in a property with potential. It features an entrance hallway leading into a spacious lounge and a functional kitchen, both of which can be tailored to suit personal tastes. The ground floor also includes a bathroom for convenience, while the upstairs landing provides access to two well-sized bedrooms. Benefiting from gas combi central heating and uPVC double glazing, this home has a solid framework to build upon. Ideally located near Stanley town centre, residents will enjoy easy access to shops, schools, and public transportation. With no upper chain involved, this property is not only affordable but also ready for immediate occupancy, making it an ideal canvas for first-time buyers or seasoned investors looking to add value through thoughtful renovations.

Investment Analysis

(DH9 area)

Below Market Value

This property is priced -23.9% below area average per sq ft

-23.9%
Potential saving
This Property
£91/sq ft
Area Average
£120/sq ft
Avg Rent (weekly)
£151
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£79,497
10% above area average per sq ft
Potential ROI
-0.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (DH9)

Area prices are rising by +9.2% over the last 12 months
3 year growth: +13.5%
5 year growth: +26.1%
Investment Disclaimer: Analysis based on DH9 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

Spen Street, Stanley, DH9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£208
Based on a loan of £41,250 over 30 years at 4.45% 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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