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See how verdicts work1-bedroom flat · DH2 3DG
For saleReduced £5k (−11.1%) on 21 JunListed 244 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary We are pleased to bring available to the market a well presented and lovely sized one bedroom top floor apartment within the popular development Gibbs Court.
The property is currently let with the tenant paying 450PCM. The apartment has been recently updated with newly laid carpets and flooring, gas boiler, and has double glazing.
A very spacious lounge with a large window overlooking the grounds is a great space for everyday living and hobbies room.
There is a modern fitted kitchen with white wall and base units that have contrasting dark worktops and white brick tile splash backs.
The kitchen has a sink by the window and an integrated oven with hobs and a steel extractor hood over, an ideal space for keen cooks.
A double bedroom with dark grey carpeting, allows for plenty of space to add storage solutions.
The bathroom, a white suite with tiled flooring, includes a panel bath with twin mixer tap, pedestal hand basin, toilet and a separate shower cubicle.
Gibbs Court is ideally located just a short distance from the town centre and includes a secure communal entrance area, whilst on road parking is available to the rear of the block.
Ideally located close to the centre of Chester-le-Street with its local amenities and excellent transport links to Durham, Newcastle, and the A1(M).
Within Chester le Street and of easy reach from the property is the train station which is on the main line that runs London to Edinburgh and also Chester Le Street Hospital, this is an ideal area for those looking to commute or want to have local facilities nearby.
This is a must see apartment for investors alike, to arrange a viewing or for further information about this property please contact the Durham office.
Council Tax Band: A Tenure: Leasehold Communal Entrance The communal entrance is key tab controlled and has stairs to the top floor where this apartment is situated.
Internal Hallway Access is gained to the property via the glazed wooden door to the top floor landing, the hallway has recently laid carpets, gas central heating radiator and doors to the living room and bathroom.
Living Room (3.96m x 3.96m) The nice sized reception room benefits from a large corner double glazed window to front and side elevation, built in storage cupboard, television and phone points, gas central heating radiator, recently laid carpets and doors to the kitchen and bedroom.
Kitchen (3.30m x 2.11m) A well designed and functionally laid out room with a double glazed window to the front elevation, the kitchen has a range of fitted wall and base units with contrasting roll top work surfaces incorporating a four ring hob with extractor hood above and integrated oven, plumbing for washing machine, baxi gas boiler, tiled splash back and vinyl flooring.
Bedroom 1 (3.38m x 3.15m) The double bedroom benefits from a double glazed window to the side elevation, gas central heating radiator, cupboard with hanging space, recently laid carpet flooring and an internal door leading to the bathroom.
Bathroom (1.75m x 3.78m) A good size bathroom which comprises of a four piece white suite including a low level wc, panelled bath, separate shower cubicle with electric shower and pedestal wash hand basin.
The room has an extractor fan, tiled splash backs and vinyl flooring and there are doors to the hallway and the bedroom.
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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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.
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FAQ
About 84, Gibbs Court, Chester Le Street
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