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Thorntons Close, Pelton, Chester Le Street, DH2 - Image 1
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Thorntons Close, Pelton, Chester Le Street, DH2

North East

£75,000
Listed on 26/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This end-of-terrace property presents a significant opportunity for renovation and investment in the heart of Pelton Village. The home features spacious accommodation including a hallway that opens into a roomy lounge and kitchen area. Upstairs, you will find two generously sized bedrooms along with a bathroom, all of which could benefit from modernisation to enhance their appeal. The exterior boasts lawned gardens at both the front and rear, complemented by a garage located behind the property—ideal for additional storage or potential conversion. Located within an established estate, this property is conveniently close to local shops, schools, and public transport links, making it an attractive base for commuting via nearby A1(M). Whether you are looking to create your dream home or seeking an investment project with promising returns, this property certainly has the potential to shine with the right vision and effort.

Investment Analysis

(DH2 area)
Area Average
£179/sq ft
Avg Rent (weekly)
£150
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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
22%
Properties sold annually

Local Market Trend (DH2)

Area prices are falling by +2.3% over the last 12 months
3 year growth: -3.2%
5 year growth: 13.8%
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

Thorntons Close, Pelton, Chester Le Street, DH2
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£275
Based on a loan of £56,250 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