Silkin Way, Newton Aycliffe, DL5
By Northgate Estate Agents & Property Management
£ 55,000
Reviews
2 out of 5 stars
Northgate Estate Agents & Property Management says ..
NO CHAIN – This two-bedroom mid-terrace property offers a fantastic opportunity for investors.
Property Oracle says ..
This two-bedroom terraced property in Newton Aycliffe, County Durham, presents a mixed-bag opportunity for potential buyers. Located on Silkin Way, it benefits from relatively close proximity to a train station and several schools. However, the property requires substantial modernisation and renovation throughout. The kitchen and bathroom are outdated and in need of refurbishment, carpets and flooring are worn, and the interior décor is dated. The small garden area is currently overgrown and unkempt. The listing price of £55,000 is attractive at first glance, but the considerable costs associated with bringing the property up to a modern standard must be factored into any purchasing decision. A thorough survey is vital before committing to purchase, to fully assess the extent of the necessary works and their financial implications. Overall, the property is suitable for a buyer who is comfortable undertaking a full renovation project or is seeking a buy-to-let investment that may increase value significantly following improvements, considering the affordable price and location.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 6
- Land
- 2
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 719.78
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 211,000.00 £Increased by 2.49 %
- Est sale value
- 198,659.28 £Increased by 14.52 %
- Average area rental value
- 961.00 £/moDecreased by 14.43 %
- Est letting value
- 719.78 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.47 %Decreased by 16.49 %
- Crime Rate
- 13.00 %Unchanged by 0.00 %
Agent Activity
Northgate Estate Agents & Property Management marked this listing as sold.
Northgate Estate Agents & Property Management created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Woodham Burn Community Primary School | Community School | Requires improvement | 0.17 KM |
| Newton Aycliffe Children'S Centre | Children's Centre | 0.36 KM | |
| Stephenson Way Academy And Nursery School | Academy Sponsor Led | Requires improvement | 0.46 KM |
| St Joseph'S Catholic Primary School | Academy Sponsor Led | 0.70 KM | |
| Sugar Hill Primary School | Community School | Outstanding | 1.17 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Gort Road | £ 0 | 0 | 0.00 KM |
| Bowes Road | £ 0 | 0 | 0.00 KM |
| Agnew Way | £ 0 | 0 | 0.00 KM |
| The Glade | £ 191,667 | 0 | 0.00 KM |
| The Coppice | £ 218,333 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Newton Aycliffe | 7834 | NAY | 1.28 KM |
| Heighington | 7887 | HEI | 2.57 KM |
| Shildon | 7893 | SHD | 6.30 KM |
| North Road (Darlington) | 7895 | NRD | 9.76 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Silkin Way, Newton Aycliffe, DL5 | £ 55,000 | BUY | 4 / 10 | 0.00 KM |
| Silkin Way, Newton Aycliffe, DL5 | £ 90,000 | BUY | 5 / 10 | 0.07 KM |
| Silkin Way, Newton Aycliffe | £ 140,000 | BUY | 5 / 10 | 0.08 KM |
| Silkin Way, Newton Aycliffe, Durham, DL5 | £ 125,000 | BUY | Unknown | 0.13 KM |
| Stead Close, Newton Aycliffe, Durham, DL5 | £ 60,000 | BUY | Unknown | 0.21 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 92 Silkin Way | £ 72,000 | 0.06 KM |
| 72 Silkin Way | £ 74,950 | 0.06 KM |
| 88 Silkin Way | £ 72,000 | 0.06 KM |
| 44 Silkin Way | £ 88,000 | 0.06 KM |
| 60 Silkin Way | £ 77,000 | 0.06 KM |