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Heathmeads, Pelton, Chester Le Street

North East

£287,500
Listed on 08/02/2026

Property Details

Bedrooms
5
Type
Detached house
Area
1453 sqft

Description

This five-bedroom detached family home presents a remarkable opportunity for those looking to invest in a spacious property with considerable potential for renovation and expansion. Set on a generous plot, the large rear garden not only offers ample space for family enjoyment but also provides the possibility for extensions, subject to planning permission. The property features off-road parking suitable for multiple vehicles and includes bathrooms on both floors for added convenience. The former garage area has been transformed into a secure storage room, which could be converted into additional living space or utilized as is. Inside, you will find a welcoming entrance porch leading to a hallway that connects to a well-proportioned kitchen/breakfast room equipped with modern amenities and open access to the dining room and lounge, fostering sociable interactions. On the first floor, five decent-sized bedrooms are complemented by a family bathroom. Externally, gardens at both the front and rear provide further scope for landscaping or outdoor enhancements. While the home currently benefits from gas central heating and double glazing, minor updates could significantly increase its value and efficiency. This property is ideal for investors or families looking to create their dream home through thoughtful renovations.

Investment Analysis

(DH2 area)

Above Market Value

This property is priced +13.5% above area average per sq ft

+13.5%
This Property
£198/sq ft
Area Average
£174/sq ft
Avg Rent (weekly)
£154
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£278,584
10% above area average per sq ft
Potential ROI
-16.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
47%
Properties sold annually

Local Market Trend (DH2)

Area prices are stable by -1.5% over the last 12 months
3 year growth: -3.1%
5 year growth: +13.6%
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

Heathmeads, Pelton, Chester Le Street
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,037
Based on a loan of £215,625 over 30 years at 4.06% 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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