Lambton Terrace, Craghead, Stanley
North East
£40,000
Listed on 03/11/2026
Listed on 03/11/2026
The listing
Property details
Bedrooms
2Type
TerracedDescription
Hive Estates presents this two-bedroom terraced house in Craghead, Stanley, with a spacious living room, separate dining room, kitchen, family bathroom and useful storage. The layout also includes two bedrooms, with the listing noting that an en-suite to the main bedroom could be explored subject to alterations and plumbing requirements.
The property is described as requiring modernisation, giving a buyer scope to update the accommodation to their needs. The listing also identifies possible extension potential, subject to planning permission, building regulations and other necessary consents. Outside, there is a large rear yard, on-street parking and an elevated position with far-reaching views and a degree of privacy.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
49out of 100
Grade ELow opportunity
Confidence: LOW
At £40,000, this two-bedroom terrace offers a clear renovation canvas, with a spacious living room, separate dining room and two well-proportioned bedrooms to shape around your needs. The dated finishes, worn flooring and older kitchen and bathroom give scope for a substantial interior update, while the open outlook and sense of privacy add appeal. The front garden and rear yard could also be brought back into use.
The overall score is low, but that reflects limited condition and value evidence rather than a confirmed poor price: floor area is missing, so value against local £/sqf cannot yet be judged. The visible exterior shows no obvious major structural failure, although photographs cannot establish the full condition; any extension or en-suite ideas would depend on consents and feasibility.
Key opportunities
- Rework the spacious living and separate dining rooms to suit modern living, entertaining or a home-working setup.
- Create a more cohesive interior with updated finishes, flooring and a modernised kitchen and bathroom.
- Improve the overgrown front garden and weathered rear yard, making better use of the outdoor space.
Key risks
- Dated finishes and worn flooring across several rooms, alongside local ceiling and wall finish damage, make this a substantial multi-room programme rather than a cosmetic refresh; allow for time and coordination.
- Floor area is missing, so value against local £/sqf cannot yet be judged.
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Transport
Nearest stations
Chester-le-Street Rail Station
3.4 miles
Train · Chester-le-Street
Durham Rail Station
6.0 miles
Train · Durham
Dunston Rail Station
6.8 miles
Train · Dunston
Metrocentre Rail Station
7.3 miles
Train · Metrocentre
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
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Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£163
Based on a loan of £30,000 over 30 years at 5.13% 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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