2-bedroom bungalow · DH3 3JZ
Sold STCListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the highly regarded southern end of town, Hermitage Park is a cul-de-sac development with houses and bungalows which offer exceptional room sizes and layouts.
13 Hermitage Park occupies a great plot at the head of a cul de sac, with good size gardens including a westerly facing back garden and a long drive providing ample parking and leading to an 18ft detached garage.
The layout includes a central dining hall, a lounge with a bay window and living flame gas fire, a 16ft kitchen/dining room with integrated cooking appliances, two double bedrooms and a spacious bathroom/wc which also includes a shower enclosure.
The specification includes gas central heating via radiators with a replacement Vaillant combination boiler (2017), and uPVC double glazing.
It has a Freehold title and is available with no onward chain.
The property is offered at an exceptionally attractive asking price for such a spacious detached bungalow in one of the town's most sought-after locations.
Hermitage Park is ideally situated within walking distance of Chester le Street's town centre amenities and the attractive Riverside Park area adjacent to the River Wear and First Class County Cricket ground.
The town is an excellent commuter base with good road links to Durham City, Gateshead, Newcastle upon Tyne and Sunderland.
The railway station is situated on the main east coast line linking London and Edinburgh and provides rapid commuting to Durham City and Newcastle upon Tyne.
MATERIAL INFORMATION: In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and 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 – Freehold PART B Property Type – Detached Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls unless otherwise indicated Electricity supply – Mains Water Supply - Mains, metered Sewerage – Mains Heating - Gas boiler and radiators Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Parking- Garage and drive PART C Building Safety – (The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm) Restrictions – None Covenants which affect the property are contained within a Conveyance dated 1st December 1958 and detailed in the Land Registry Title Register which is available for inspection.
Selective licencing area – No Article 4 Planning Restricted Area - No Rights & Easements- None Flood risk – Rivers and seas - No risk, Surface water - Very low Coastal Erosion - N/A Planning Permission – None current Accessibility/Adaptations – None Mining Area – Coal Mining Reporting Area, further searches may be required.
No other Material Information disclosures have been made by the vendor.
This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing.
However, such information could change after the 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 do seek verification from a legal advisor before committing to expenditure.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
FAQ
About 13, Hermitage Park, Chester Le Street, County Durham, DH3
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