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Orchid Lodge, Vicars Close, Thorpe Thewles TS21

North East

£650,000
Listed on 06/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
3573 sqft

Description

This unique detached residence, nestled within a tranquil village setting, presents an appealing opportunity for renovation and investment. The property encompasses an expansive 3,573 square feet of living space, featuring four bedrooms and four reception areas that provide a versatile layout ideal for modern family living or entertaining. Upon entering, the grand hallway welcomes you with a charming log burner, leading to multiple reception rooms that include a spacious family area boasting magnificent views of the surrounding countryside. The kitchen is generously sized and connects to a practical utility room, while the ground floor accommodates a bedroom and two shower rooms. There are also various flexible spaces that could be adapted for different uses according to your needs. The first floor is accessed via an elegant balcony landing and includes three notably large bedrooms. Two of these bedrooms offer en-suite facilities, while the main bathroom showcases a classic roll-top bath positioned on an inviting platform. Each room is well-proportioned, providing excellent potential for customization whether for family use or as dedicated guest spaces. Outside, the property features a beautifully maintained rear garden with a raised lawn and patio area—an ideal spot for outdoor dining in the warmer months. A detached double garage adds valuable parking and storage options; with planning permission, this space could potentially be converted into additional living area or guest accommodation. The driveway and carport enhance convenience with ample off-road parking for visitors. With potential to extend (subject to planning permission), this property allows buyers to create a bespoke family home tailored perfectly to their lifestyle in this desirable village location. Situated on the outskirts of Thorpe Thewles—a picturesque village steeped in history—this home balances peaceful rural living with easy access to local amenities and major transport links such as the A19 and A1(M). Furthermore, Durham Tees Valley Airport is just a short drive away, making it convenient for both families and professionals alike. Ultimately, this residence holds significant renovation potential in an enviable setting where serene countryside meets easy access to urban conveniences.

Investment Analysis

(TS21 area)

Below Market Value

This property is priced -14.0% below area average per sq ft

-14.0%
Potential saving
This Property
£182/sq ft
Area Average
£212/sq ft

Renovation Potential

Est. Renovation Cost
£65,000 - £162,500
10-25% of property value
Target Value
£831,455
10% above area average per sq ft
Potential ROI
+2.3%
After renovation
Monthly Sales
12
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (TS21)

Area prices are falling by +10.1% over the last 12 months
3 year growth: 2.6%
5 year growth: -6.4%
Investment Disclaimer: Analysis based on TS21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Orchid Lodge, Vicars Close, Thorpe Thewles TS21
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