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Millbank Lane, Thornaby, Stockton-On-Tees TS17 - Image 1
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Millbank Lane, Thornaby, Stockton-On-Tees TS17

North East

£130,000
Listed on 21/03/2026

Property Details

Bedrooms
2
Type
Semi Detached

Description

This semi-detached bungalow features two bedrooms and is located on Millbank Lane in Thornaby, presenting an exciting renovation opportunity. The property offers a spacious lounge, practical kitchen, family bathroom, and a utility room, all set across a single level which enhances accessibility. The rear garden is enclosed and offers ample space for landscaping or potential extensions (subject to planning permissions). With off-street parking available in the front driveway, this home provides both privacy and convenience. Although it requires comprehensive modernisation throughout, this bungalow is teeming with potential for first-time buyers, investors, or those seeking to downsize while creating a personalized living space or adding value to their portfolio. Viewing is encouraged for those looking to unlock this property's full capabilities.

Investment Analysis

(TS17 area)
Area Average
£198/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (TS17)

Area prices are stable by -1.6% over the last 12 months
3 year growth: +0.4%
5 year growth: +6.1%
Investment Disclaimer: Analysis based on TS17 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

Millbank Lane, Thornaby, Stockton-On-Tees TS17
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£460
Based on a loan of £97,500 over 30 years at 3.91% 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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