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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 three-bedroom semi-detached home in a desirable residential area presents a valuable opportunity for renovation and investment. Located in Alderside Crescent, this property has been maintained over the years but now requires modernisation, making it ideal for buyers looking to enhance its potential and create a custom living space. As you approach the home, you are welcomed by a driveway offering off-street parking that leads to an attached garage, complemented by an inviting front garden that adds to the property's appeal. Inside, the expansive layout is evident from the entrance hall, which connects to the main living areas. The spacious lounge features large windows that fill the room with natural light, providing a pleasant ambiance. The dining area at the rear benefits from views of the generous garden and presents an excellent opportunity for reconfiguration as well as modernisation. The kitchen, while in need of updating, boasts ample space and has direct access to the rear garden, opening up possibilities for redesign. The rear garden is one of this home's standout features—spacious and private, it offers immense potential for landscaping or family activities, subject only to any necessary permissions. This outdoor area can serve as an attractive extension of your living quarters. On the first floor, you'll find three well-sized bedrooms filled with natural light, each providing versatile options for use—whether for children’s rooms, guest accommodation or as a home office. The family bathroom also offers possibilities for updating to suit contemporary preferences. Situated within Lanchester village—known for its community spirit and excellent amenities—the location balances rural charm with accessibility to local conveniences. This property stands out as an exceptional canvas for those seeking to invest in a home that they can personalise extensively.

Investment analysis

(DH7 area)
Area Average
£164/sq ft
Avg Rent (weekly)
£182
Avg Yield
5.5%

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
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

Alderside Crescent, Lanchester
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£756
Based on a loan of £150,000 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

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