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West Street, Grange Villa, Chester Le Street

North East

£30,000
Listed on 12/03/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This property offers a solid foundation for those looking to invest in a renovation project or enhance their living space. Located near Chester-le-Street, it provides easy access to local amenities, transport links, and picturesque countryside walks. The internal layout includes an entrance hall that leads into a spacious lounge and a fitted kitchen at the rear, making it functional for daily activities. On the first floor, two generous bedrooms and a family bathroom are present, though some modernisation is required throughout to maximise its potential. The property comes with an enclosed rear courtyard, enhancing outdoor utility and privacy. Currently occupied by a sitting tenant generating a rental income of £440 per month, this presents an opportunity for investors seeking immediate cash flow while planning upgrades. With thoughtful refurbishment aimed at modernising fixtures and improving aesthetic appeal, buyers can significantly increase both rental yield and property value over time.

Investment Analysis

(DH2 area)
Area Average
£178/sq ft
Avg Rent (weekly)
£147
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (DH2)

Area prices are falling by -8.4% over the last 12 months
3 year growth: -5.8%
5 year growth: +12.7%
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

West Street, Grange Villa, Chester Le Street
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£107
Based on a loan of £22,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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