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The Oval, Ouston, Chester Le Street, Durham, DH2 - Image 1
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The Oval, Ouston, Chester Le Street, Durham, DH2

North East

£67,500

Listed on 17/06/2026

Property Details

Bedrooms
2
Type
End Of Terrace

Description

This two-bedroom semi-detached property, located in the sought-after village of Ouston near Chester-le-Street, presents a compelling opportunity for those looking to undertake a renovation project. The spacious layout offers a strong foundation for modernisation and enhancement, suggesting significant potential for value increase. Upon completion of the refurbishment, an estimated rental income of around £700 per month could be achievable, positioning this home as a noteworthy investment for both seasoned investors and first-time buyers alike. The ground floor features a convenient rear porch that leads into a kitchen with adjoining dining room and light-filled lounge with a charming bay window overlooking the extensive garden. A separate entrance hall adds practicality to the design. Upstairs, two generously sized double bedrooms share access to a family bathroom and an additional WC, providing flexibility in reconfiguration options to create a more contemporary aesthetic. The property is set on substantial grounds that wrap around three sides of the home. This outdoor space not only allows for landscaping possibilities but also provides room for potential extension (subject to planning permissions), enhancing the property's appeal further. Situated within Ouston, residents benefit from local shops, schools, and essential amenities, with Chester-le-Street's broader offerings just a short distance away. The area boasts accessible green spaces ideal for outdoor enthusiasts along with excellent transport links including bus services and train routes connecting Newcastle and Durham efficiently. This property is particularly attractive to those seeking an engaging project or promising investment opportunity in today’s market.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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

The Oval, Ouston, Chester Le Street, Durham, DH2
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£255
Based on a loan of £50,625 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.

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