3-bedroom terraced house · DH2 3LS
To rentListed today
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pattinson Estate Agents are delighted to welcome to the rental market this fully refurbished, well-presented and spacious mid-terraced property, situated on Albert Street in the popular residential village of Grange Villa, Chester Le Street.
Offering versatile accommodation across two floors, this property would make an ideal home for couples, small families or professionals seeking a conveniently located property with flexible living space.
The accommodation briefly comprises an entrance hallway, a comfortable lounge with French doors providing access to the rear courtyard, a fitted kitchen/diner and a useful utility area.
To the first floor are two bedrooms, an additional room which could be utilised as a third bedroom, home office or dressing room, and a family bathroom fitted with a white suite.
Externally, the property benefits from a private, enclosed rear courtyard designed for low maintenance, with gated access to the rear lane.
Further benefits include gas central heating and double glazing. Early viewing is recommended to appreciate the accommodation on offer. Contact Pattinson Estate Agents Stanley to arrange your viewing.
Albert Street is situated within the established residential village of Grange Villa, conveniently positioned between Stanley and Chester Le Street.
The surrounding area offers access to local shops, schools and everyday amenities, with a wider selection of shopping, leisure and recreational facilities available in the nearby town centres.
The property is well placed for access to the surrounding road network, including the A693 and A1(M), providing convenient connections to Durham, Newcastle upon Tyne and Gateshead.
Local bus services also provide links to neighbouring towns and villages, making the location suitable for those commuting throughout the region.
Tenant Referencing Criteria: Pattinson will undertake referencing checks on all applicants over the age of 18 wishing to move into a rental property.
As part of this process, we will undertake: • A credit check to ensure each applicant does not have any adverse credit such as CCJs (County Court Judgements).
• An affordability assessment to ensure applicant’s income will sufficiently cover the rental payments.
• To pass the affordability check, each applicant’s gross annual basic income (including benefits and pensions) must be at least 30 times the monthly rental amount (36 times for Ellinson properties).
EG If the rent is £500 PCM, applicants would need to earn £15,000 as an annual pension or basic salary (excluding commission/bonus) before tax or other deductions were made.
• Each applicant’s affordability is assessed individually against the criteria. • Self-employed applicants will require an accountant’s reference and should have accounts for a minimum of two years.
Net profit will be assessed against the affordability requirement of 30 times the monthly rental amount. • Employment checks to confirm your start date, salary and if your position is permanent.
• Homeownership checks (only if you are a homeowner) confirming your mortgage payments are up to date.
• A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease.
This will check that the rent was paid on time and in full, there was no antisocial behaviour and the property was looked after in an appropriate manner. • ‘Right to rent’ ID checks.
If you do not meet the requirement, you WILL REQUIRE A HOMEOWNER GUARANTOR.
Council Tax Band: A Deposit: £750.00 Entrance / Hallway Accessed via a partially glazed UPVC entrance door, with carpeted flooring and staircase leading to the first-floor accommodation.
Lounge 4.43m x 4.54m A comfortable reception room featuring a double glazed window to the front aspect, gas central heating radiator, built-in storage cupboard and carpeted flooring.
Kitchen / Diner 2.5m x 4.5m Fitted with a range of wall and base units with roll-top work surfaces, incorporating an inset stainless steel sink and drainer.
Cooking facilities include an electric oven, four-ring electric hob and extractor hood.
Additional features include plumbing for a washing machine, double glazed window to the rear aspect and laminate flooring.
Study / Downstairs Bedroom 3 1.75m x 2.6m An additional versatile room featuring a double glazed window to the side aspect, electric radiator and carpeted flooring.
Suitable for use as a third bedroom, home office or play room, depending on individual requirements.
Bedroom One 3.51m x 4.6m Double bedroom featuring a double glazed window to the front aspect, gas central heating radiator and carpeted flooring.
Bedroom Two 2.48m x 2.74m Bedroom featuring a double glazed window to the rear aspect, gas central heating radiator and carpeted flooring. The room also houses the combination boiler.
Family Bathroom 1.7m x 2.46m Fitted with a white three-piece suite comprising a panelled bath with electric shower over, wash hand basin set within a vanity unit and low-level WC.
Additional features include wall cladding, laminate flooring, gas central heating radiator, chrome heated towel rail and double glazed window to the rear aspect.
Externally To the rear of the property is a private, enclosed and walled courtyard, offering a low-maintenance outdoor space. A pathway provides access to a gate leading to the rear lane.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Albert Street, Grange Villa, Chester Le Street, Durham, DH2 3LS
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