Is there still value in this 2 bedroom terraced house on Durham Road?

Is there still value in this 2 bedroom terraced house on Durham Road?

http://www.rightmove.co.uk/property-for-sale/property-32624286.html

It was for sale via auction earlier this year and the "guide price" was around £25,000.  Now there has obviously been a lot of work put into the house.  From the outside it looks as though there has been new windows, probably re-plastering and a lot of decoration, and that's without and unseen improvements, such as rewiring or any work on the central heating system.  The agent leaves a lot of information and images out off their Rightmove listing and have only 2 photos included in the brochure, which could be a worry for a house that they describe as "superbly refurbished." And they also make the age-old faux pas of describing the distance from the town in how many minutes it takes to walk there - surely that depends on how fast you walk?

Now, my question - is there value for any potential buyer?

Well, at the right price, there is.  As an owner-occupier, the average price paid for a property on Durham Road over the last year is £80,068 and prices have appeared static in that time -

http://www.nethouseprices.com/index.php?con=sold_prices_street_detail&street=DURHAM+ROAD&locality=SPENNYMOOR&town=SPENNYMOOR&cCode=EW&year=last_three_years&house_style=All&house_age=All&search_radius=&outcode=DL16&incode=6JU

As a 2 bedroom house, close to the Town Centre, with a recent renovation, the asking price of £67,950 is a reasonable starting point for negotiations, especially given the average figure above. Durham Road has always been reasonably desirable and will provide a good starter home for a first time buyer.

As a landlord, looking to buy this as an investment property, there is potential there too. I'd expect a rental return of £400 to £500 per month, so an annual; return of £4,800 to £6,000 - a gross rental return of between 7% and 8.8%, based on the asking price.

It's one of those properties where everyone can be a winner - the current owner who has bought and renovated and the potential new owner, who can get a recently-renovated house without paying a new-home premium.