We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · DH2 3TB
For saleReduced £20k (−7.4%) on 26 OctListed 332 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A highly individual property set within a small and exclusive courtyard.
This immaculately presented, spacious bungalow offers unique accommodation and has the additional benefit of a private westerly facing back garden with an open aspect.
Accessed via an archway and clock tower, the property lies within a small block paved courtyard.
The accommodation briefly includes an entrance hall, a good size 18ft living room with fireplace and doors leading to a conservatory overlooking the well screened gardens, a refitted kitchen/breakfast room with an attractive range of units and black granite worktops, a large 18ft dining room, two double bedrooms and a superb refitted shower room/wc with a white suite, a large walk in shower and travertine tiling to the walls and floor.
There is gas-fired central heating via radiators with a combination boiler and uPVC double glazing. The charm and character of this exceptional property must be seen to be appreciated.
The Dene is conveniently situated close to Chester-le-Street, which offers an excellent range of shops, schools and amenities.
This small courtyard style development lies close to the A167 and is therefore very well placed for easy access throughout the region, particularly to Durham City, Gateshead, Newcastle upon Tyne and Sunderland.
MATERIAL INFORMATION: In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and the National Trading Standards Estate and Letting Agency Team’s Material Information in Property Listings Guidance PART A Local Authority – Durham County Council Council Tax Band – C Tenure: Leasehold Term: 200 years from 1st November 1985 Ground Rent: £30 per annum Service Charge: £20 or the equivalent of one sixth of the cost of maintaining the clock in the tower, lampstands and fountain in the courtyard and provision of electricity and water therefor, whichever is higher.
Annual Payment Dates: 1st November PART B Property Type – Mews bungalow Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken are the maximum dimensions available between internal walls unless otherwise indicated Electricity supply – Mains Water Supply – Mains, metered Sewerage – Mains Heating – Gas boiler with radiators Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Parking- Double garage PART C Building Safety – The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engage the services of a chartered surveyor to confirm Restrictions – None Covenants - Covenants which affect the property are contained within the Land Registry Title Register and a lease dated 22nd December 1993 from McCarrick Construction Company Limited, which are available for inspection.
Selective licencing area – Not included Conservation Area - No Article 4 Planning Restricted area - No Rights & Easements- None Flood risk – Rivers and Seas: Very low.
Surface Water: Very low Coastal Erosion – N/A Planning & Building Control – Planning: 1991 New estate development. 2008 Conservatory Building Control: 2008 FENSA 2 windows.
2008 CORGI Boiler Accessibility/Adaptations – None Mining Area – Coal Mining Reporting Area. Further searches may be required. The vendor has made no other Material Information disclosures.
This information has been compiled in good faith using resources readily available online and by enquiry of the vendor before marketing.
However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgment on our part about which parts are “Material Information” to be disclosed.
If any information provided, or other matter relating to the property, is of particular importance to you, please seek verification from a legal advisor before committing to expenditure.
HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, including buyers, when their offer is accepted.
This must be completed per purchaser, who will become the legal owner(s) of the property in the transaction. There is a £30 (inc VAT) administration fee per individual purchaser for these checks.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
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