3-bedroom terraced house · DH2 1DT
For saleReduced £5k (−6.2%) on 6 OctListed 60 days
Opportunity summary
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About
Summary Pattinson Estate Agents are pleased to present to the market this well-presented three-bedroom detached family home, situated within the sought-after residential village of Pelton.
Currently tenanted at 600 per calendar month, this property represents an excellent ready-made investment opportunity generating an immediate return, and is offered in great condition throughout.
On the ground floor, the accommodation is entered via a porch leading through to the entrance hallway, from which stairs rise to the first floor.
The lounge sits to the front of the property, whilst a separate dining room to the rear provides a comfortable everyday living space.
The kitchen is fitted with a range of wall and base units with roll-top worktops, a stainless steel sink with mixer tap, a four-ring gas hob and integrated electric oven, with a part-glazed UPVC door providing access to the rear.
To the first floor, the landing gives access to three well-proportioned bedrooms, one positioned to the front and two overlooking the rear.
Completing the first floor accommodation is the family bathroom, fitted with a WC, pedestal wash hand basin, bath and mains shower over, with part-tiled walls and an extractor fan.
Externally, the rear of the property benefits from a low-maintenance courtyard garden with gated access onto the rear lane, making it a practical and manageable outdoor space for tenants.
The property is situated on The Avenue within the established village of Pelton, approximately two miles from Chester-le-Street, and offering a range of everyday amenities including local shops, schools, public houses and recreational facilities.
The location provides excellent road links to Chester-le-Street, Stanley, Durham and Newcastle upon Tyne, with the A1(M) also readily accessible, making this an ideal investment in a well-connected and popular residential village.
Council Tax Band: A Tenure: Freehold Entrance Vestibule The property is entered via a UPVC part-glazed entrance door into a welcoming porch, laid with carpet.
Entrance Hallway A wooden part-glazed door opens from the porch into the entrance hallway, which is carpeted and benefits from a central heating radiator, with stairs rising to the first floor.
Lounge (4.17m x 3.72m) The lounge is positioned to the front of the property and features a double-glazed front-aspect window, central heating radiator and laminate flooring.
Dining Room (4.15m x 4.42m) The dining room is situated to the rear and enjoys a double-glazed rear-aspect window, with laminate flooring and a central heating radiator.
Kitchen (3.02m x 2.61m) The kitchen is fitted with a range of wall and base units beneath a roll-top worktop, with a stainless steel single sink and mixer tap, four-ring gas hob and integrated electric oven.
A double-glazed rear-aspect window and part-glazed UPVC door provide light and rear access, whilst built-in storage, a central heating radiator and ceramic tile flooring complete the room.
First Floor Landing The first floor landing has a double-glazed side-aspect window and central heating radiator, providing access to all three bedrooms and the family bathroom.
Bedroom One (4.72m x 2.74m) The principal bedroom is a well-proportioned double room to the front of the property, with a double-glazed front-aspect window, central heating radiator and carpet throughout.
Bedroom Two (3.40m x 3.19m) Bedroom two is positioned to the rear of the property and is laid with carpet, benefiting from a double-glazed rear-aspect window and central heating radiator.
Bedroom Three (2.37m x 3.65m) Bedroom three is also to the rear, with carpet flooring, a double-glazed rear-aspect window and a central heating radiator.
Family Bathroom (2.46m x 1.69m) The family bathroom is fitted with a WC, pedestal wash hand basin, bath and mains shower over bath, with part-tiled walls, vinyl flooring, an extractor fan and a central heating radiator.
A double-glazed front-aspect window provides natural light.
Externally To the rear, the property benefits from a low-maintenance courtyard garden with gated access leading onto the rear lane, providing a practical and easily managed outdoor space.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 20, The Avenue, Chester Le Street
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