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Glenmeads, Nettlesworth, DH2

North East

£70,000
Listed on 18/02/2026

Property Details

Bedrooms
2
Type
Flat

Description

This first-floor apartment offers a significant opportunity for those looking to invest in a property that requires some modernisation. With no onward chain, you can take advantage of this blank canvas to create a comfortable living space that reflects your personal style. The layout features a welcoming entrance leading to a spacious lounge/diner, perfect for entertaining guests or unwinding after a long day. A well-equipped kitchen awaits your creative touch, alongside two generously sized double bedrooms and a functional shower room/WC. Externally, the apartment includes a front garden and comes with the added benefit of a garage located nearby, providing secure storage and off-street parking options. Recent enhancements such as new electric heaters and double glazing installed in 2025 contribute to improved energy efficiency and comfort. Located in the tranquil village of Nettlesworth, you'll enjoy easy access to local amenities and excellent transport links to Chester-le-Street and Durham, making it an attractive option for first-time buyers, downsizers, or savvy investors seeking value in an appealing community setting.

Investment Analysis

(DH2 area)
Area Average
£174/sq ft
Avg Rent (weekly)
£154
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Glenmeads, Nettlesworth, 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
£252
Based on a loan of £52,500 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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