Worst House on the Street Logo
Peth Bank, Lanchester, Durham, DH7 - Image 1
Peth Bank, Lanchester, Durham, DH7 - Image 2
Peth Bank, Lanchester, Durham, DH7 - Image 3
Peth Bank, Lanchester, Durham, DH7 - Image 4
Peth Bank, Lanchester, Durham, DH7 - Image 5
Peth Bank, Lanchester, Durham, DH7 - Image 6
Peth Bank, Lanchester, Durham, DH7 - Image 7
Peth Bank, Lanchester, Durham, DH7 - Image 8
Peth Bank, Lanchester, Durham, DH7 - Image 9
Peth Bank, Lanchester, Durham, DH7 - Image 10
Peth Bank, Lanchester, Durham, DH7 - Image 11
Peth Bank, Lanchester, Durham, DH7 - Image 12
Peth Bank, Lanchester, Durham, DH7 - Image 13

Peth Bank, Lanchester, Durham, DH7

North East

£140,000Guide Price

Listed on 03/04/2026

Property details

Bedrooms
1
Type
Semi Detached
Area
592 sqft

Description

This historic country cottage, with roots tracing back to the medieval era around 1300, showcases considerable renovation and investment potential. Located near the bustling village center of Lanchester, this property has seen significant upgrades including a modern kitchen and bathroom, full rewiring, new guttering, and updates to flooring, windows, and doors. The living space features a spacious lounge/dining area anchored by a charming cast iron fireplace with a gas fire. The contemporary kitchen boasts integrated appliances and a stable door for convenient access to an outdoor yard or off-street parking space. Upstairs, you will find a generously sized main bedroom along with a stylish bathroom. While the cottage has been thoughtfully renovated, there remains room for further development; possibilities include expanding the current layout pending planning permissions. The proximity to local amenities and schools adds to its appeal as an investment opportunity in a thriving community. Being just off major transport routes ensures easy access to nearby towns such as Durham and Newcastle.

Investment analysis

(DH7 area)

Above Market Value

This property is priced +43.9% above area average per sq ft

+43.9%
This Property
£236/sq ft
Area Average
£164/sq ft
Avg Rent (weekly)
£182
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£106,992
10% above area average per sq ft
Potential ROI
-40.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DH7)

Area prices are falling by -3.0% over the last 12 months
3 year growth: +9.1%
5 year growth: +7.9%
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
Loading map...

Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£529
Based on a loan of £105,000 over 30 years at 4.45% 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

Price History

-28.2% since listed
£140,000£30,000(-17.6%)
10/07/2026
Current price
£170,000£10,000(-5.6%)
12/06/2026
£180,000£15,000(-7.7%)
29/04/2026
£195,000Initial listing
05/04/2026

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.