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Albert Street, Grange Villa, Chester Le Street, Durham, DH2 - Image 7
Albert Street, Grange Villa, Chester Le Street, Durham, DH2 - Image 8

Albert Street, Grange Villa, Chester Le Street, Durham, DH2

North East

£22,500
Listed on 23/03/2026

Property Details

Bedrooms
2
Type
End Of Terrace

Description

This two-bedroom end-of-terrace house presents an excellent opportunity for those looking to invest in a renovation project. While the property requires improvements, its layout includes a living room and kitchen on the ground floor, accompanied by two bedrooms and a bathroom upstairs. Once refurbished, it holds the potential for a rental yield of approximately £600 per month, appealing to investors exploring buy-to-let options. Situated in Grange Villa, just a few miles from Chester-le-Street, the property benefits from local amenities such as a convenience store and community centre. It's also within reach of Roseberry Nursery and Primary School. The scenic County Durham countryside is ideal for outdoor activities like walking and cycling. Chester-le-Street town centre is about a 10-minute drive away, offering more extensive shopping and services. Public transport links are readily available, with bus routes connecting to Chester-le-Street, Stanley, and Newcastle, plus quick train access from Chester-le-Street station to both Newcastle and Durham. This auction-listed property represents a promising canvas for refurbishment that could yield substantial future income for buyers willing to undertake necessary enhancements.

Investment Analysis

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

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
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

Albert Street, Grange Villa, 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
£81
Based on a loan of £16,875 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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