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Margaret Terrace, Tanfield Lea, Stanley, Durham, DH9 - Image 1
Margaret Terrace, Tanfield Lea, Stanley, Durham, DH9 - Image 2
Margaret Terrace, Tanfield Lea, Stanley, Durham, DH9 - Image 3

Margaret Terrace, Tanfield Lea, Stanley, Durham, DH9

North East

£59,950

Listed on 07/10/2026

The listing

Property details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terraced house in the desirable area of Tanfield Lea presents a promising opportunity for investors and developers. The property features a spacious lounge with a traditional fireplace and large windows that flood the room with natural light. A separate dining room offers versatility for family meals or entertaining, while the fitted kitchen provides access to the rear of the property. Additionally, there is a useful storage area on the ground floor. On the first floor, you will find three well-proportioned bedrooms, providing flexibility for families, tenants, or those needing a home office. The accommodation is completed by a family bathroom. The property is in need of modernisation and refurbishment throughout, allowing buyers to add their personal touch and significantly enhance its value. Externally, the rear garden offers potential for landscaping and improvement, creating an attractive outdoor space. Conveniently located with a bus stop at the end of the street, local schools, shops, and amenities are all within easy reach. This property is an exciting refurbishment opportunity with generous accommodation and a rear garden, making early viewing highly recommended.

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

This three-bedroom terraced house in Tanfield Lea presents a significant opportunity for investors and developers looking to create value through extensive refurbishment. While the property currently shows signs of wear and damage throughout, it offers a blank canvas for transformation, allowing a new owner to reimagine the interiors and enhance the overall presentation. The spacious lounge with traditional features, along with separate dining and kitchen spaces, provides a great starting point for modernisation.

The property benefits from a good location with access to local amenities, schools, and public transport, further enhancing its appeal. The rear garden, although currently overgrown, has potential for landscaping to create a private outdoor retreat. With a renovation budget estimated between £50,000 and £100,000, this project is best suited for those prepared for a heavy refurbishment, making it an exciting venture for the right buyer.

Key opportunities

  • Potential to modernise and improve the character of the property throughout, transforming dated interiors into a stylish home.
  • Opportunity to enhance the rear garden space, creating an attractive outdoor area.
  • Flexible layout with three well-proportioned bedrooms, ideal for families or as rental accommodation.

Key risks

  • Stripped interiors and a £50,000–£100,000 works budget make this a full-gut programme, not a refresh.
  • Significant signs of neglect and damage noted in several rooms, which could require extensive repairs.
  • Dated kitchen and bathroom fixtures observed, necessitating complete replacements.

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Map

Location

Margaret Terrace, Tanfield Lea, Stanley, Durham, DH9
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£226
Based on a loan of £44,962 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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