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49 Queen Street Grange Villa, Chester-le-Street, DH2 3LU - Image 1
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49 Queen Street Grange Villa, Chester-le-Street, DH2 3LU

North East

£10,000Guide Price

Listed on 16/07/2026

Property details

Bedrooms
2
Type
Terraced

Description

This vacant freehold 2-bedroom terraced house presents a valuable investment opportunity for both first-time buyers and seasoned investors. Offering significant potential for enhancement, the property requires cosmetic updates throughout, which could greatly increase its market value. The ground floor includes an entrance hallway, reception room, and a fitted kitchen/diner, while the first floor features two well-sized bedrooms and a family bathroom that may benefit from modernisation. Externally, there is a private rear garden, ideal for outdoor space improvement. Located in the desirable village of Grange Villa, the house is conveniently close to local shops, educational institutions, and essential amenities. Additionally, the proximity to Chester-le-Street town centre provides access to a broader range of retail and leisure options alongside excellent transport links via the A1(M), facilitating easy travel to Durham, Newcastle upon Tyne, and surrounding areas.

Investment analysis

(DH2 area)
Area Average
£176/sq ft
Avg Rent (weekly)
£166
Avg Yield
5.3%

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
33
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (DH2)

Area prices are falling by -7.5% over the last 12 months
3 year growth: -4.4%
5 year growth: +12.0%
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

49 Queen Street Grange Villa, Chester-le-Street, DH2 3LU
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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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