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Park Lane, Darlington DL1

North East

£85,000

Listed on 03/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
1015 sqft

Description

Located in the desirable Park Lane area of Darlington, this terraced house presents a promising opportunity for buyers interested in a project. The property requires significant improvement work, which is reflected in its attractive price point. It features two spacious reception rooms that offer flexibility for creating varied living spaces according to your personal preferences. With gas central heating and double glazing already installed, the home provides a solid foundation for renovation. Its prime location ensures convenient access to both the train station and the town center, making it ideal for commuters and those seeking local amenities. Priced competitively and with no onward chain, this property offers an excellent chance to customize your living space while benefiting from the conveniences of urban life.

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Investment analysis

(DL1 area)

Below Market Value

This property is priced -46.8% below area average per sq ft

-46.8%
Potential saving
This Property
£84/sq ft
Area Average
£158/sq ft
Avg Rent (weekly)
£154
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£175,905
10% above area average per sq ft
Potential ROI
+59.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DL1)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +7.9%
5 year growth: +15.5%
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 DL1
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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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