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Park Lane, Darlington

North East

£85,000

Listed on 11/11/2025

Property details

Bedrooms
2
Type
Terraced
Area
1015 sqft

Description

Situated in the vibrant area of Park Lane, Darlington, this terraced house presents an excellent investment opportunity for those ready to embark on a renovation project. While the home requires significant improvement work, it is spacious and features gas-fired central heating and double glazing, providing a solid foundation for updates. The property boasts two adaptable reception rooms that can accommodate various configurations to suit both living and entertaining needs. Its strategic location ensures easy access to the train station and town center, making it attractive for commuters or anyone who enjoys local amenities. Offered with no onward chain and priced to account for required renovations, this house is a canvas waiting for your personal touch. Step into the potential this property holds and envision how you can transform it into your ideal home.

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Investment analysis

(DL1 area)

Below Market Value

This property is priced -45.6% below area average per sq ft

-45.6%
Potential saving
This Property
£84/sq ft
Area Average
£154/sq ft
Avg Rent (weekly)
£153
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£171,941
10% above area average per sq ft
Potential ROI
+56.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (DL1)

Area prices are stable by +0.8% over the last 12 months
3 year growth: +7.5%
5 year growth: +15.3%
Investment Disclaimer: Analysis based on DL1 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

Park Lane, Darlington
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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
£321
Based on a loan of £63,750 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

Next Steps

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