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Alderside Crescent, Lanchester

North East

£200,000
Listed on 12/05/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This spacious three-bedroom semi-detached home, set in a desirable location, presents a prime opportunity for renovation and modernization. Located within a well-regarded residential area, the property is in good condition overall but requires updates to create a truly inviting family space tailored to contemporary needs. The home features generous internal proportions, with a welcoming entrance hall leading to a bright lounge that benefits from large windows allowing natural light to flood the room. The dining area, positioned at the rear, overlooks the expansive garden and provides an ideal setting for entertaining or family gatherings. The kitchen offers considerable potential for redesign, with access to a utility space that can be reconfigured according to personal preferences. The expansive rear garden is a standout feature, promising ample outdoor space for landscaping or family activities while ensuring privacy in a sun-soaked environment. On the first floor, you'll find three well-sized bedrooms filled with natural light and flexibility for various uses, including guest accommodations or home office setups. Although the family bathroom may require modernisation, there is significant scope here to enhance the overall living experience. In summary, this property not only offers ample space and established gardens but also sits conveniently close to local amenities and transport links in Lanchester village—making it an appealing prospect for those looking to invest in a home they can personalise over time.

Investment Analysis

(DH7 area)
Area Average
£163/sq ft
Avg Rent (weekly)
£176
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DH7)

Area prices are falling by -5.1% over the last 12 months
3 year growth: +8.1%
5 year growth: +3.0%
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

Alderside Crescent, Lanchester
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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
£714
Based on a loan of £150,000 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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