Reading Street, West Cornforth, Ferryhill
MY

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 %
from 205,865.00 £
Est sale value
160,356.00 £
Increased by 14.52 %
from 140,021.00 £
Average area rental value
961.00 £/mo
Decreased by 14.43 %
from 1,123.00 £/mo
Est letting value
581.00 £/mo
Unchanged by 0.00 %
from 581.00 £/mo
Est rental Yield
5.47 %
Decreased by 16.49 %
from 6.55 %
Crime Rate
69.00 %
Unchanged by 0.00 %
from 69.00 %

Agent Activity

  • My Property Box created the listing.

Nearby Schools

NameTypeOfstedDistance
West Cornforth Primary SchoolCommunity SchoolOutstanding0.53 KM
Coxhoe Primary SchoolCommunity SchoolOutstanding1.67 KM
Cleves Cross Primary And Nursery School AcademyAcademy Converter2.34 KM
Broom Cottages Primary & Nursery SchoolCommunity SchoolRequires improvement3.19 KM
The WoodlandsPupil Referral UnitGood3.19 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Maple Grove £ 60,00000.00 KM
The Lane £ 000.00 KM
Vicarage Road £ 125,00000.00 KM
Laburnum Road £ 000.00 KM
Oak Terrace £ 000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Reading Street, West Cornforth, Ferryhill £ 60,000BUY3 / 100.00 KM
Reading Street, West Cornforth, Ferryhill, DL17 £ 79,950BUY5 / 100.01 KM
High Street, West Cornforth, Ferryhill, County Durham, DL17 £ 29,950BUYUnknown0.13 KM
Elvet Close, West Cornforth, £ 79,950BUYUnknown0.14 KM
1 High Street, West Cornforth, Ferryhill, DL17 9HN £ 10,000BUY5 / 100.17 KM

Nearby Properties

AddressPriceDistance
20 Reading Street £ 78,0000.00 KM
35 Reading Street £ 74,0000.00 KM
11 Reading Street £ 69,0000.00 KM
8 Reading Street £ 57,0000.00 KM
34 Reading Street £ 77,0000.01 KM