Silkin Way, Newton Aycliffe, DL5
NO

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 The kitchen and bathroom are outdated and in need of refurbishment, carpets and flooring are worn, and the interior décor is dated.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 %
from 205,865.00 £
Est sale value
198,659.28 £
Increased by 14.52 %
from 173,466.98 £
Average area rental value
961.00 £/mo
Decreased by 14.43 %
from 1,123.00 £/mo
Est letting value
719.78 £/mo
Unchanged by 0.00 %
from 719.78 £/mo
Est rental Yield
5.47 %
Decreased by 16.49 %
from 6.55 %
Crime Rate
13.00 %
Unchanged by 0.00 %
from 13.00 %

Agent Activity

  • Northgate Estate Agents & Property Management marked this listing as sold.

  • Northgate Estate Agents & Property Management created the listing.

Nearby Schools

NameTypeOfstedDistance
Woodham Burn Community Primary SchoolCommunity SchoolRequires improvement0.17 KM
Newton Aycliffe Children'S CentreChildren's Centre0.36 KM
Stephenson Way Academy And Nursery SchoolAcademy Sponsor LedRequires improvement0.46 KM
St Joseph'S Catholic Primary SchoolAcademy Sponsor Led0.70 KM
Sugar Hill Primary SchoolCommunity SchoolOutstanding1.17 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Gort Road £ 000.00 KM
Bowes Road £ 000.00 KM
Agnew Way £ 000.00 KM
The Glade £ 191,66700.00 KM
The Coppice £ 218,33300.00 KM

Nearby Transport

NameNLCTLCDistance
Newton Aycliffe7834NAY1.28 KM
Heighington7887HEI2.57 KM
Shildon7893SHD6.30 KM
North Road (Darlington)7895NRD9.76 KM

Nearby Listings

AddressPriceTypeScoreDistance
Silkin Way, Newton Aycliffe, DL5 £ 55,000BUY4 / 100.00 KM
Silkin Way, Newton Aycliffe, DL5 £ 90,000BUY5 / 100.07 KM
Silkin Way, Newton Aycliffe £ 140,000BUY5 / 100.08 KM
Silkin Way, Newton Aycliffe, Durham, DL5 £ 125,000BUYUnknown0.13 KM
Stead Close, Newton Aycliffe, Durham, DL5 £ 60,000BUYUnknown0.21 KM

Nearby Properties

AddressPriceDistance
92 Silkin Way £ 72,0000.06 KM
72 Silkin Way £ 74,9500.06 KM
88 Silkin Way £ 72,0000.06 KM
44 Silkin Way £ 88,0000.06 KM
60 Silkin Way £ 77,0000.06 KM