Reading Street, West Cornforth, Ferryhill, DL17
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Reading Street, West Cornforth, Ferryhill, DL17

By Ben Charles

£ 79,950

Reviews

2 out of 5 stars

Ben Charles says ..

INVESTMENT OPPORTUNITY. ESTABLISHED TENANT CURRENTLY RESIDING.

Property Oracle says ..

This two-bedroom terraced house located on Reading Street in West Cornforth, County Durham, is listed at £79,950. The property offers a manageable 680 sq ft of living space with an enclosed rear garden. Images suggest a reasonably maintained interior and a functional kitchen, although certain rooms could benefit from decluttering and possible minor improvements. The proximity to West Cornforth Primary School, rated as ‘Outstanding’, is a notable advantage for families. However, the absence of details regarding local amenities, transportation, and the complete lack of price per square foot data for comparable properties makes it challenging to thoroughly assess its value. The listing’s mention of an ‘investment opportunity’ and current tenant suggests potential rental income. In summary, while this property presents a relatively affordable option in its location with convenient access to a well-regarded school, a more comprehensive evaluation is needed to fully ascertain its market position and true value for money. Further investigation into the area’s transportation links, local shops, and overall neighborhood appeal would give a much clearer picture of its long-term viability and appeal to potential buyers. The lack of detailed information on the property’s condition, apart from a few images of the interior, also limits a conclusive evaluation. A survey would be recommended before purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
5
Land
4
Bedrooms
2
Bathrooms
1
Sqft (est)
680.00

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
187,680.00 £
Increased by 14.52 %
from 163,880.00 £
Average area rental value
961.00 £/mo
Decreased by 14.43 %
from 1,123.00 £/mo
Est letting value
680.00 £/mo
Unchanged by 0.00 %
from 680.00 £/mo
Est rental Yield
5.47 %
Decreased by 16.49 %
from 6.55 %
Crime Rate
65.00 %
Unchanged by 0.00 %
from 65.00 %

Agent Activity

  • Ben Charles 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 Converter2.35 KM
The WoodlandsPupil Referral UnitGood3.20 KM
Broom Cottages Primary & Nursery SchoolCommunity SchoolRequires improvement3.20 KM

Images

Picture No. 07 Picture No. 04 Picture No. 08 Picture No. 03 Picture No. 02 Picture No. 06

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, DL17 £ 79,950BUY5 / 100.00 KM
Reading Street, West Cornforth, Ferryhill £ 60,000BUY3 / 100.01 KM
Elvet Close, West Cornforth, £ 79,950BUYUnknown0.13 KM
High Street, West Cornforth, Ferryhill, County Durham, DL17 £ 29,950BUYUnknown0.14 KM
1 High Street, West Cornforth, Ferryhill, DL17 9HN £ 10,000BUY5 / 100.18 KM

Nearby Properties

AddressPriceDistance
34 Reading Street £ 77,0000.00 KM
33 Reading Street £ 88,5000.00 KM
11 Reading Street £ 69,0000.01 KM
35 Reading Street £ 74,0000.01 KM
20 Reading Street £ 78,0000.01 KM