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Chester-le-Street DH2

North East

£29,000

Listed on 17/06/2026

Property Details

Bedrooms
3
Type
End Of Terrace House

Description

This end-terrace property presents a compelling opportunity for renovation enthusiasts or investors looking to enhance its value. Comprising three spacious bedrooms and a family bathroom on the first floor, along with a reception room and kitchen on the ground floor, this vacant freehold home is primed for cosmetic updates throughout. The existing layout is functional, but minor modernisation would greatly improve its appeal and rental potential. The outside space includes both front and rear gardens, offering additional possibilities for enhancement, whether through landscaping or structural changes. Located in the sought-after village of Ouston near Chester-le-Street, you'll find local amenities such as shops and schools within easy reach, alongside excellent transport links via the A1(M) to major cities like Newcastle upon Tyne and Durham. This property is an attractive prospect for those seeking to invest in a burgeoning area with strong demand from tenants and future homeowners alike.

Investment Analysis

(DH2 area)
Area Average
£178/sq ft
Avg Rent (weekly)
£148
Avg Yield
4.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£8,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (DH2)

Area prices are falling by -8.6% over the last 12 months
3 year growth: -5.2%
5 year growth: +14.6%
Investment Disclaimer: Analysis based on DH2 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

Chester-le-Street DH2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£110
Based on a loan of £21,750 over 30 years at 4.45% 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.

Stamp Duty Calculator

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