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See how verdicts work2-bedroom flat · DH2 3RG
For saleReduced £10.1k (−5.3%) on 26 OctListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very well-presented ground floor apartment in a prestigious location within The Hermitage Mansion house conversion.
The apartment occupies an excellent position at the front of the building with open views over the extensive, mature grounds. It includes an allocated parking space within the inner courtyard.
The accommodation includes a hall, a shower room/wc, an impressive living room/dining room with a feature fireplace and living flame gas fire, open plan to a well-equipped kitchen with integrated appliances including cooking appliances, fridge, freezer and dishwasher, two bedrooms (both with fitted wardrobes) and a refitted en suite shower room/wc.
The property has gas central heating via radiators and double glazing.
The internal layout and appointment can only be fully appreciated upon internal inspection and early viewing is highly recommended.
The Hermitage: Constructed at the turn of the 19th Century, this magnificent mansion, set in approximately 70 acres of park and woodland, typifies the gracious living afforded to the landed gentry of the time.
The mansion has been sympathetically converted into 15 apartments whilst retaining the priceless character of an historic building and many original features, including a Victorian conservatory roof, ornate cornice and door surrounds and magnificent communal entrance hall.
The Hermitage facilities include audio/video security entrance gates, mature gardens and grounds including a lake and tennis court, magnificent Hall, large Victorian Conservatory, indoor heated swimming pool and spa, gym and sauna.
The Hermitage is located to the south of Chester le Street on the A167, which leads directly to the A1M interchange with easy access to Durham City, Gateshead, Newcastle upon Tyne and Sunderland and the principal airports at Newcastle and Teesside.
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 – F Tenure – Leasehold Term - 99 years from 1st January 1999 Ground Rent - £150 per annum.
£150 for first 33 years. £200 for the next 33 years. £250 for next 33 years Review date - 1st January 2032 Service Charge - Current Service Charge TBC. 5% of total estate cost.
Payable in advance in four equal quarterly instalments on 1st of January, April, July and October. Reviewed annually on 31st December.
PART B Property Type – Ground floor apartment 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, not 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 – Allocated parking space within inner courtyard.
Additional estate parking with no permit restrictions 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 – See lease Covenants - Covenants which affect the property are contained within the Land Registry Title Register and Lease, which are available for inspection.
Selective licencing area – Not included Conservation Area - No Listed Building Status - Grade II Article 4 Planning Restricted area - Included in Article 4 HMO County Durham Constraint Rights & Easements- See lease Flood risk – Rivers and Seas: Very low.
Surface Water: Very low. Coastal Erosion – N/A Planning – 1999 to 2001 Estate development.
2023 Replace rainwater goods Building Control – 1999 to 2002 Estate development 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 £35 (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
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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
About The Hermitage, Chester Le Street, Co Durham, DH2
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