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Lumley Terrace, Chester-le-street, DH3

North East

£140,000
Listed on 12/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This spacious mid-terrace property, situated on the sought-after Lumley Terrace, presents a remarkable renovation opportunity in a vibrant town center. The location offers convenient access to Chester-le-Street's array of amenities, including schools, parks, and sporting facilities such as two cricket grounds. Furthermore, its proximity to excellent public transport options and major roadways, including the A1, makes it an ideal choice for commuters. The property requires full refurbishment, providing a blank canvas for prospective buyers. Recent sales of similar homes in the area indicate strong investment potential, with comparable properties fetching around £200,000. The accommodation comprises an entrance hall that leads into a lounge and a separate sitting room. The kitchen is positioned at the rear and opens onto an expansive yard that benefits from a detached garage. Upstairs, you’ll find three bedrooms alongside a bathroom and a separate WC, all accessible from a generous landing space. The bedrooms feature ample natural light and varied layouts that allow for personalization during renovations. The outdoor space includes a sizable yard bordered by tall walls for privacy, along with access to additional storage options in the coalhouse and garage—perfect for both functionality and future enhancement. This property holds significant appeal for investors or buyers looking to undertake a project that can be transformed into a contemporary home set in a desirable location. Its enduring charm combined with the opportunity for modernization makes it an attractive proposition for anyone looking to capitalize on the local real estate market.

Investment Analysis

(DH3 area)
Area Average
£183/sq ft
Avg Rent (weekly)
£165
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
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

Lumley Terrace, Chester-le-street, 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
£513
Based on a loan of £105,000 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