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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 house

Description

This property presents a compelling opportunity for renovation and investment in the North East region. Located close to Chester-le-Street town centre, it offers convenient access to essential amenities including supermarkets, cafes, and a mainline railway station that connects directly to Durham and Newcastle. The proximity to major roadways like the A1(M) ensures ease of commuting while allowing residents to enjoy the nearby countryside and walking routes. The property currently has a tenant generating a rental income of £440 per month, making it appealing for investors seeking immediate cash flow. However, there remains significant potential to enhance its value through refurbishment and modernisation. Internally, the layout includes an entrance hall that leads into a spacious lounge filled with natural light from a front-facing UPVC double-glazed window. The kitchen, located at the rear, comes equipped with essential units and appliances but could benefit from updating to improve functionality and aesthetics. Upstairs are two well-sized bedrooms along with a family bathroom, which is equipped yet may require modern touches. Externally, the enclosed courtyard provides private outdoor space that could be transformed into an inviting garden or entertainment area. This property has ample potential for those looking to invest in or upgrade their living environment.

Investment Analysis

(DH2 area)
Area Average
£176/sq ft
Avg Rent (weekly)
£159
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (DH2)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -3.0%
5 year growth: +14.9%
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.

Location

West Street, Grange Villa, Chester Le Street
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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
£108
Based on a loan of £22,500 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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