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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

Located in a desirable cul-de-sac in the southern part of town, this two-bedroom detached bungalow offers substantial renovation and investment potential. Occupying a generous plot at the head of the cul-de-sac, the property features spacious gardens that include a westerly-facing back garden, perfect for those looking to create an outdoor retreat. The long driveway provides ample parking space and leads to an 18ft detached garage, adding to the property's functionality. The interior layout includes a welcoming central dining hall, a comfortable lounge boasting a bay window and living flame gas fire, and a sizable kitchen/dining room equipped with integrated cooking appliances. There are two double bedrooms along with a well-sized bathroom that includes both a bath and shower enclosure. The home benefits from gas central heating via radiators powered by a Vaillant combination boiler installed in 2017, as well as uPVC double glazing throughout. The property is available with Freehold title and no onward chain. While some updating is required to bring this bungalow up to modern standards, its exceptional space and prime location make it an attractive opportunity for those looking to invest. Hermitage Park is conveniently situated within walking distance of Chester le Street’s town centre amenities and the picturesque Riverside Park along the River Wear. This area is known for its easy access to excellent transport links including road connections to Durham, Gateshead, Newcastle upon Tyne, and Sunderland; plus proximity to Chester le Street railway station on the main east coast line allows for quick commutes to both Durham City and Newcastle upon Tyne. Overall, this property presents an appealing canvas for buyers looking to personalize their home or capitalize on potential rental income in a sought-after location.

Investment Analysis

(DH3 area)

Above Market Value

This property is priced +60.5% above area average per sq ft

+60.5%
This Property
£286/sq ft
Area Average
£178/sq ft

Renovation Potential

Est. Renovation Cost
£24,000 - £60,000
10-25% of property value
Target Value
£164,507
10% above area average per sq ft
Potential ROI
-45.2%
After renovation
Monthly Sales
21
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (DH3)

Area prices are rising by +5.3% over the last 12 months
3 year growth: 7.3%
5 year growth: 2.7%
Investment Disclaimer: Analysis based on DH3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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
Map showing location of Hermitage Park, Chester Le Street, County Durham, DH3
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