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 %
- Est sale value
- 187,680.00 £Increased by 14.52 %
- Average area rental value
- 961.00 £/moDecreased by 14.43 %
- Est letting value
- 680.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.47 %Decreased by 16.49 %
- Crime Rate
- 65.00 %Unchanged by 0.00 %
Agent Activity
Ben Charles 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 | 2.35 KM | |
| The Woodlands | Pupil Referral Unit | Good | 3.20 KM |
| Broom Cottages Primary & Nursery School | Community School | Requires improvement | 3.20 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, DL17 | £ 79,950 | BUY | 5 / 10 | 0.00 KM |
| Reading Street, West Cornforth, Ferryhill | £ 60,000 | BUY | 3 / 10 | 0.01 KM |
| Elvet Close, West Cornforth, | £ 79,950 | BUY | Unknown | 0.13 KM |
| High Street, West Cornforth, Ferryhill, County Durham, DL17 | £ 29,950 | BUY | Unknown | 0.14 KM |
| 1 High Street, West Cornforth, Ferryhill, DL17 9HN | £ 10,000 | BUY | 5 / 10 | 0.18 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 34 Reading Street | £ 77,000 | 0.00 KM |
| 33 Reading Street | £ 88,500 | 0.00 KM |
| 11 Reading Street | £ 69,000 | 0.01 KM |
| 35 Reading Street | £ 74,000 | 0.01 KM |
| 20 Reading Street | £ 78,000 | 0.01 KM |