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Peth Bank, Lanchester, Durham, DH7

North East

£195,000
Listed on 03/04/2026

Property Details

Bedrooms
1
Type
Semi Detached
Area
592 sqft

Description

This charming medieval country cottage, thought to date back to approximately 1300, presents a unique investment opportunity in the heart of Lanchester village. While it has been significantly updated with a modern kitchen featuring integrated appliances, a stylish bathroom, and essential upgrades such as new wiring and double-glazed windows, there remains further potential for enhancement. The property boasts a spacious lounge/dining area complete with a traditional cast iron fireplace, adding character to the contemporary design. Upstairs, the large main bedroom offers comfortable living space. Externally, the cottage includes an adaptable outdoor area that can serve as either off-street parking or a quaint yard. Importantly, there is scope for extension subject to obtaining planning permission, allowing future owners to expand the property’s footprint if desired. The location benefits from proximity to local shops and schools while also providing convenient access to Durham city and surrounding areas via major road networks. This property offers solid foundations for renovation enthusiasts looking to add further value in a sought-after community.

Investment Analysis

(DH7 area)

Above Market Value

This property is priced +105.9% above area average per sq ft

+105.9%
This Property
£329/sq ft
Area Average
£160/sq ft
Avg Rent (weekly)
£174
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£104,192
10% above area average per sq ft
Potential ROI
-55.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (DH7)

Area prices are stable by +0.1% over the last 12 months
3 year growth: +10.0%
5 year growth: +7.4%
Investment Disclaimer: Analysis based on DH7 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

Peth Bank, Lanchester, Durham, DH7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£691
Based on a loan of £146,250 over 30 years at 3.91% 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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