Cochrane Terrace, Ferryhill
North East
£49,500
Listed on 02/09/2026
Listed on 02/09/2026
The listing
Property details
Bedrooms
2Type
TerracedFeatures
- Garden
Description
This two-bedroom mid-terraced house is in Ferryhill, with local shops and schools nearby and bus connections to surrounding towns and villages. The ground floor has an entrance vestibule, a lounge and a separate dining room, while the kitchen is fitted with wall and base units, an electric oven and hob, and space for a washing machine. A door from the kitchen opens to the enclosed rear courtyard.
Upstairs are two bedrooms, including one with fitted wardrobes, and a bathroom with a bath, electric shower, wash basin and WC. The property has gas central heating and double glazing. Described as needing updating, it is offered with no onward chain and may suit a buyer planning refurbishment.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
47out of 100
Grade ELow opportunity
Confidence: LOW
At £49,500, this two-bedroom terrace offers a compact, light refurbishment project, with two reception rooms and a useful enclosed rear courtyard. The photographed interiors have dated finishes and worn flooring in several rooms; the bathroom floor appears stained or deteriorated, while the kitchen has an older-style finish and an open or missing section beneath the worktop. Redecoration, floor finishes and local making-good offer clear scope to refresh the house, with the works estimated at £6,000–£13,000.
The overall score is 47/100, grade E: the project has some practical appeal, but value versus local £/sqf cannot yet be judged because floor area is missing. The £59,000 purchase-plus-renovation midpoint is also difficult to assess against resale value without floor area or a stated GDV. The front elevation shows staining or weathering whose cause is not established, and the roof is not visible.
Key opportunities
- Refresh the dated living spaces and bedrooms with redecoration and improved floor finishes.
- Update the older-style kitchen and address the open or missing section beneath the worktop.
- Make good the visibly deteriorated bathroom floor as part of the estimated £6,000–£13,000 light refurbishment.
Key risks
None recorded.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£187
Based on a loan of £37,125 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.
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Pricing
Price history
-6.5% since listed
£49,500£3,450(-6.5%)
21/10/2026£52,950Initial listing
03/09/2026Services
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