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72 Albert Street Grange Villa, Chester-le-Street, DH2 3LR

North East

£10,000

Listed on 16/06/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This vacant freehold terraced house, featuring two bedrooms, presents a promising investment opportunity for those looking to renovate and enhance its value. The property is in need of comprehensive modernization throughout, making it an ideal project for investors, developers, landlords, or prospective homeowners keen on crafting a tailored living space. The layout includes an entrance hall leading to a spacious lounge that serves as a generous reception area. At the rear, you'll find a sizable kitchen that holds potential for a contemporary fitted design along with dining space. On the first floor, the house boasts two bedrooms, highlighted by a notably larger principal bedroom and a family bathroom. Given the need for improvement works across the property, there is considerable opportunity to add value through refurbishment efforts. Externally, the traditional terraced design offers flexibility for enhancements that can suit individual preferences. Located in Grange Villa, this property benefits from proximity to local amenities such as shops, schools, and healthcare services. For those commuting or exploring the region, nearby transport links provide easy access to Chester-le-Street town centre, Durham City, and Newcastle upon Tyne.

Investment Analysis

(DH2 area)
Area Average
£178/sq ft
Avg Rent (weekly)
£148
Avg Yield
4.5%

Renovation Potential

Heavy 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
33
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (DH2)

Area prices are falling by -8.6% over the last 12 months
3 year growth: -5.2%
5 year growth: +14.6%
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

72 Albert Street Grange Villa, Chester-le-Street, DH2 3LR
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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
£38
Based on a loan of £7,500 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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