Reading Street, West Cornforth, Ferryhill
By My Property Box
£ 60,000
Reviews
1 out of 5 stars
My Property Box says ..
Attractive Investment Opportunity - Tenanted Two-Bedroom Mid-Terrace Home in the Heart of West Cornforth Tucked away just off the bustling main high street of the popular village of West Cornforth, this two-bedroom mid-terrace home presents an ideal opportunity for investors.
Property Oracle says ..
The property is a 2 bedroom terraced house located on Reading Street, West Cornforth, Ferryhill. The list price is £60,000. The property appears to be in reasonable condition, although some modernisation may be desirable. The kitchen and bathroom appear functional but dated. The décor is simple and neutral. There is no evidence of significant structural issues or damage visible in the provided images. The property does not appear to have a garden, based on the provided images and plot size of 0.00 sqft. Considering the average house price in the area is £226,037 and the average price per sqft is £239, the list price of £60,000 for this 581 sqft property seems significantly below average. However, this needs to be considered in the context of the other properties on Reading Street, which are similarly priced. The lower price may reflect the smaller size of the property and the lack of a garden. The property’s location near West Cornforth Primary School (Outstanding Ofsted rating) could be considered a positive factor, although further information on transport links and local amenities would be needed for a complete assessment.
Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 4
- Condition
- 6
- Location
- 0
- Land
- 1
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 581.00
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
- 160,356.00 £Increased by 14.52 %
- Average area rental value
- 961.00 £/moDecreased by 14.43 %
- Est letting value
- 581.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.47 %Decreased by 16.49 %
- Crime Rate
- 69.00 %Unchanged by 0.00 %
Agent Activity
My Property Box created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| West Cornforth Primary School | Community School | Outstanding | 0.53 KM |
| Coxhoe Primary School | Community School | Outstanding | 1.67 KM |
| Cleves Cross Primary And Nursery School Academy | Academy Converter | 2.34 KM | |
| Broom Cottages Primary & Nursery School | Community School | Requires improvement | 3.19 KM |
| The Woodlands | Pupil Referral Unit | Good | 3.19 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Maple Grove | £ 60,000 | 0 | 0.00 KM |
| The Lane | £ 0 | 0 | 0.00 KM |
| Vicarage Road | £ 125,000 | 0 | 0.00 KM |
| Laburnum Road | £ 0 | 0 | 0.00 KM |
| Oak Terrace | £ 0 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Reading Street, West Cornforth, Ferryhill | £ 60,000 | BUY | 3 / 10 | 0.00 KM |
| Reading Street, West Cornforth, Ferryhill, DL17 | £ 79,950 | BUY | 5 / 10 | 0.01 KM |
| High Street, West Cornforth, Ferryhill, County Durham, DL17 | £ 29,950 | BUY | Unknown | 0.13 KM |
| Elvet Close, West Cornforth, | £ 79,950 | BUY | Unknown | 0.14 KM |
| 1 High Street, West Cornforth, Ferryhill, DL17 9HN | £ 10,000 | BUY | 5 / 10 | 0.17 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 20 Reading Street | £ 78,000 | 0.00 KM |
| 35 Reading Street | £ 74,000 | 0.00 KM |
| 11 Reading Street | £ 69,000 | 0.00 KM |
| 8 Reading Street | £ 57,000 | 0.00 KM |
| 34 Reading Street | £ 77,000 | 0.01 KM |