81 Church Lane, Ferryhill, County Durham, DL17 8LT
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81 Church Lane, Ferryhill, County Durham, DL17 8LT

By Davies Auctions

£ 10,000

Reviews

1 out of 5 stars

Davies Auctions says ..

Guide Price £10,000.00 For Sale by online auction. Bidding will open at 11:25 19/02/25 and bidding will close at 12:25 19/02/25 A Freehold Vacant Two Bedroom End-Terrace Property Accommodation: First floor: Two bedrooms, bathroom/wc Ground floor: Reception room, kitchen Outside...

Property Oracle says ..

This property at 81 Church Lane, Ferryhill, County Durham, is a two-bedroom terraced house listed at a remarkably low price of £10,000. The listing highlights its need for complete renovation. The interior photos reveal a property requiring extensive work, including flooring, walls, and possibly plumbing and electrical systems. The exterior shows a typical terraced house, but the lack of garden or significant outdoor space is a drawback. The location, while near several primary schools, is not explicitly described as particularly desirable, and the lack of information on nearby amenities and transport links (beyond a train station 9km away) hinders a complete assessment. The low price reflects the extensive work needed but could also present an opportunity for a buyer willing to invest time and money in a refurbishment project. However, the absence of key details like the property’s square footage and plot size makes a thorough valuation challenging. Potential buyers should conduct a thorough survey and factor in the significant costs associated with renovation before making an offer. The lack of bathroom information is also a concern and needs to be clarified. Overall, this is a high-risk, high-reward investment opportunity for experienced renovators or investors with a clear understanding of the local market and the scope of work required.

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
7
Condition
3
Location
4
Land
1
Bedrooms
2
Bathrooms
0

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
86,160.00 £
Decreased by 42.91 %
from 150,923.00 £
Average area rental value
519.00 £/mo
Increased by 4.22 %
from 498.00 £/mo
Est rental Yield
7.23 %
Increased by 82.58 %
from 3.96 %
Crime Rate
102.00 %
Unchanged by 0.00 %
from 102.00 %

Agent Activity

  • Davies Auctions created the listing.

Nearby Schools

NameTypeOfstedDistance
Dean Bank Primary And Nursery SchoolCommunity SchoolGood0.39 KM
Dean Bank Children'S CentreChildren's Centre0.84 KM
Broom Cottages Primary & Nursery SchoolCommunity SchoolRequires improvement1.03 KM
The WoodlandsPupil Referral UnitGood1.03 KM
Cleves Cross Primary And Nursery School AcademyAcademy Converter1.85 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
B6287 £ 45,00000.00 KM
The Garth £ 250,00000.00 KM
Rydal Road £ 87,95000.00 KM
Curlew Way £ 000.00 KM
East View £ 69,95000.00 KM

Nearby Transport

NameNLCTLCDistance
Newton Aycliffe7834NAY9.13 KM

Nearby Listings

AddressPriceTypeScoreDistance
81 Church Lane, Ferryhill, County Durham, DL17 8LT £ 10,000BUY3 / 100.00 KM
Market Street, Durham, Ferryhill and land at Church Road, Ferryhill, Durham, DL17 8JN £ 70,000BUY4 / 100.03 KM
Church Lane, Ferryhill, County Durham, DL17 £ 40,000BUY5 / 100.04 KM
Parker Terrace, Ferryhill, County Durham, DL17 £ 60,000BUYUnknown0.06 KM
Church Lane, Ferryhill £ 74,950BUY5 / 100.11 KM

Nearby Properties

AddressPriceDistance
64 Church Lane £ 62,0000.04 KM
88 Church Lane £ 33,0000.04 KM
58 Church Lane £ 60,0000.04 KM
100 Church Lane £ 21,0000.04 KM
61 Church Lane £ 51,5000.04 KM