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Park Village, Park Village NE49 - Image 1
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Park Village, Park Village NE49

North East

£100,000
Listed on 13/02/2026

Property Details

Bedrooms
2
Type
Detached house
Area
661 sqft

Description

This charming two-bedroom Grade II listed cottage, nestled in the tranquil hamlet of Park Village, offers a unique investment opportunity. The property features distinct stone construction and retains original elements such as flagstone flooring and wooden beams, providing a solid foundation for potential enhancements. With functional living spaces including a spacious living room boasting a new multi-fuel stove, this residence has great promise for modernisation. The galley kitchen, while basic, offers space for essential appliances, making it an ideal candidate for refurbishment. Two outbuildings in the rear yard add extra storage or workspace possibilities. The home is conveniently situated with proximity to notable historical sites and local amenities, enhancing its appeal. This property not only holds character but also presents various avenues for improvement and value increase.

Investment Analysis

(NE49 area)

Below Market Value

This property is priced -1.1% below area average per sq ft

-1.1%
Potential saving
This Property
£151/sq ft
Area Average
£153/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£111,246
10% above area average per sq ft
Potential ROI
-11.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (NE49)

Area prices are rising by +13.0% over the last 12 months
3 year growth: +11.8%
5 year growth: +22.4%
Investment Disclaimer: Analysis based on NE49 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 Village, Park Village NE49
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£361
Based on a loan of £75,000 over 30 years at 4.06% 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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