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Hermitage Park, Chester Le Street, County Durham, DH3 - Image 1
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Hermitage Park, Chester Le Street, County Durham, DH3 - Image 5

Hermitage Park, Chester Le Street, County Durham, DH3

North East

£240,000
Listed on 22/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
839 sqft

Description

Nestled at the end of a quiet cul-de-sac in the desirable southern section of town, this two-bedroom detached bungalow offers considerable renovation potential for those looking to invest. The property is set on a generous plot that features both front and west-facing rear gardens, providing an opportunity for outdoor enhancements or landscaping projects. A long driveway leads to an 18-foot detached garage, ensuring sufficient parking space. Inside, the home boasts a functional layout that includes a central dining hall and a spacious lounge with a bay window and living flame gas fire, creating an inviting atmosphere. The 16-foot kitchen/dining room comes equipped with integrated cooking appliances but presents opportunities for modern updates to suit contemporary tastes. Both double bedrooms are well-proportioned, while the bathroom is spacious and includes both a shower enclosure and WC. This property has been maintained with essential upgrades such as a Vaillant combination boiler installed in 2017 and uPVC double glazing throughout. It holds a Freehold title and is available without onward chain, making it easier for new owners to plan their next steps. The location further enhances its appeal; within walking distance lies Chester le Street's town center with its array of amenities, as well as the scenic Riverside Park adjacent to the River Wear. For commuters, excellent transport links connect you to Durham City, Gateshead, Newcastle upon Tyne, and Sunderland. Additionally, the nearby railway station offers swift access on the main east coast line between London and Edinburgh. Overall, this bungalow presents an attractive investment opportunity in one of the town's most sought-after areas. With some updating and personalization needed, it's an ideal canvas for creating a tailored living space in a prime location.

Investment Analysis

(DH3 area)

Above Market Value

This property is priced +56.0% above area average per sq ft

+56.0%
This Property
£286/sq ft
Area Average
£183/sq ft
Avg Rent (weekly)
£165
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£169,214
10% above area average per sq ft
Potential ROI
-37.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DH3)

Area prices are rising by +3.9% over the last 12 months
3 year growth: 11.3%
5 year growth: 4.4%
Investment Disclaimer: Analysis based on DH3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Hermitage Park, Chester Le Street, County Durham, DH3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£879
Based on a loan of £180,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE