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Holyoake Street, Pelton, Chester Le Street, Durham, DH2

North East

£60,000
Listed on 09/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
864 sqft

Description

This three-bedroom terraced house presents a noteworthy opportunity for renovation and investment. While the property requires modernization, it provides a solid foundation for those looking to create a tailored living space. The layout includes a single reception room and a kitchen/diner, making it suitable for small families or couples seeking room to grow. Inside, the ground floor features a lounge, kitchen/diner, and a convenient downstairs bathroom. The upper level boasts three bedrooms, offering flexible space that can be adapted to meet various needs. As it stands, the home is ripe for light refurbishment—ideal for first-time buyers eager to infuse their personal style or investors aiming to capitalize on its potential. Financially, the property shows promise with an estimated rental income of approximately £600 per month, enhancing its attractiveness as an investment opportunity. Additionally, it comes with an EPC rating of C and falls into council tax band A, underscoring its economical appeal. Located in a sought-after area, this home benefits from close proximity to public transport links, local amenities, and educational institutions. This accessibility makes it particularly appealing for families and commuters alike. Overall, this property serves as a blank canvas for those prepared to invest time and effort into transforming it into a desirable residence or rental asset. It's worth considering if you're ready to unlock its full potential.

Investment Analysis

(DH2 area)

Below Market Value

This property is priced -60.4% below area average per sq ft

-60.4%
Potential saving
This Property
£69/sq ft
Area Average
£175/sq ft
Avg Rent (weekly)
£149
Avg Yield
4.9%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£166,748
10% above area average per sq ft
Potential ROI
+108.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DH2)

Area prices are falling by +2.2% over the last 12 months
3 year growth: -3.2%
5 year growth: 15.9%
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.

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Location

Holyoake Street, Pelton, Chester Le Street, Durham, DH2
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