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Gray Avenue, Chester Le Street, Durham, DH2 - Image 1
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Gray Avenue, Chester Le Street, Durham, DH2

North East

£95,000
Listed on 27/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
753 sqft

Description

This two-bedroom terraced home is located on the outskirts of Chester-le-Street in a sought-after residential neighborhood, presenting a solid opportunity for both first-time buyers and investors. The property features a well-sized interior layout complemented by substantial outdoor space. One of its standout features is the large front garden, which has significant potential to be transformed into off-road parking with the necessary permissions. The rear yard also provides additional private outdoor space for personal use. Upon entering through the rear door, you are greeted by a family bathroom to your left, while the right side opens to a spacious kitchen equipped with plentiful worktop and storage solutions. This area transitions smoothly into a bright living room that offers views over the expansive front garden. On the upper floor, there are two generous double bedrooms. The main bedroom extends across the full width of the property, allowing for ample furniture arrangement, while the second bedroom is comfortably proportioned and lends itself to multiple uses such as a guest room or office space. Overall, this property offers versatility and represents an excellent canvas for renovation or investment – perfect for those looking to add value and create their ideal living environment.

Investment Analysis

(DH2 area)

Below Market Value

This property is priced -27.6% below area average per sq ft

-27.6%
Potential saving
This Property
£126/sq ft
Area Average
£174/sq ft
Avg Rent (weekly)
£154
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£144,373
10% above area average per sq ft
Potential ROI
+20.3%
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

Gray Avenue, Chester Le Street, Durham, DH2
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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
£343
Based on a loan of £71,250 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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