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Mount Park Drive, Lanchester, County Durham, DH7 - Image 1
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Mount Park Drive, Lanchester, County Durham, DH7

North East

£215,000

Listed on 05/06/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This semi-detached family home is located in the charming village of Lanchester and presents an appealing canvas for those looking to invest in a property with renovation potential. The house boasts a driveway with off-street parking for several vehicles, a spacious rear garden, and a garage that can serve as additional storage or workshop space. Its well-maintained condition allows for immediate occupancy while also inviting future updates that reflect personal style.

Inside, the layout features a welcoming entrance porch leading to a hallway with built-in storage. The expansive open-plan lounge/dining area benefits from natural light provided by double-glazed windows at either end. A functional fitted kitchen is complemented by an adjoining utility room that grants access to the garden.

Upstairs, there are three generously-sized bedrooms, two of which come equipped with fitted wardrobes, along with a separate WC and shower room. This property offers ample living space in a desirable location and encourages modernisation opportunities to suit the needs of family living.

The surrounding estate, consisting of similar homes built in the 1960s, is conveniently located near local amenities, schools, and transport links connecting to nearby towns such as Consett and Durham. This adds to its appeal for families seeking a comfortable residence with investment upside as improvements can be made over time.

Investment Analysis

(DH7 area)
Area Average
£165/sq ft
Avg Rent (weekly)
£180
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DH7)

Area prices are falling by -3.0% over the last 12 months
3 year growth: +9.0%
5 year growth: +5.4%
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

Mount Park Drive, Lanchester, County Durham, DH7
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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
£812
Based on a loan of £161,250 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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