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Thorntons Close, Pelton, Chester Le Street, Durham, DH2 - Image 1
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Thorntons Close, Pelton, Chester Le Street, Durham, DH2 - Image 8
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Thorntons Close, Pelton, Chester Le Street, Durham, DH2

North East

£80,000
Listed on 15/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
775 sqft

Description

Situated in a well-regarded residential neighbourhood on the outskirts of Chester-le-Street, this property is conveniently located near local shopping options, educational facilities, and essential services. Its proximity to excellent public transport links ensures easy commuting to Chester-le-Street, Stanley, and Durham, making it an attractive option for those needing accessibility. The layout comprises an entrance porch leading into a generous lounge, alongside a separate dining area and a kitchen on the ground floor. Upstairs, you'll find three bedrooms and a family bathroom. While the property is in need of comprehensive renovation, this presents a significant opportunity for buyers looking to personalise their living space according to their design preferences and standards. Outside, the property features gardens at both the front and rear, along with access to a garage in a nearby block. This home is particularly suited for investors or first-time buyers eager to embark on a renovation project that could transform it into a welcoming family residence. Overall, this property offers considerable potential for those willing to invest time and resources into its refurbishment.

Investment Analysis

(DH2 area)

Below Market Value

This property is priced -42.0% below area average per sq ft

-42.0%
Potential saving
This Property
£103/sq ft
Area Average
£178/sq ft
Avg Rent (weekly)
£147
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£151,788
10% above area average per sq ft
Potential ROI
+16.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (DH2)

Area prices are falling by -8.4% over the last 12 months
3 year growth: -5.8%
5 year growth: +12.7%
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

Thorntons Close, Pelton, Chester Le Street, Durham, DH2
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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
£285
Based on a loan of £60,000 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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