We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · DH2 1DT
Sold STCListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PROPERTY OVERVIEW - Address: 36 The Avenue, Chester-le-Street, DH2 1DT - Property Type: 3-Bedroom Mid-Terrace - Tenure: Freehold - Asking Price: £92,000 - EPC Rating: C (Valid until 13 August 2034) INVESTMENT SNAPSHOT - Monthly Rental Income: £675 pcm - Annual Rental Income: £8,100 per annum - Gross Yield: 8.8% - Tenants: In situ, up to date on all rental payments This property offers an outstanding gross yield of 8.8%, significantly above the UK average for residential buy-to-let, making it a compelling addition to any property portfolio.
ABOUT THE PROPERTY This well-presented three-bedroom terraced home is a solid, low-maintenance investment.
Being freehold, there are no ground rent or service charge concerns — a major advantage for investors seeking clean, straightforward ownership.
The property holds an EPC rating of C, valid until August 2034, meaning it comfortably meets current and forthcoming government legislation for the private rental sector, removing any costly improvement concerns for years to come.
Perhaps most appealingly, the property is sold with tenants already in place and fully up to date on their rental payments — meaning rental income begins immediately upon completion, with zero void period.
WHY CHESTER-LE-STREET? Chester-le-Street is one of the North East's most consistently strong rental markets and offers investors exceptional value for money compared to other UK regions.
- Excellent transport links - Chester-le-Street railway station provides direct services to Durham, Newcastle, and beyond, making it highly attractive to commuting tenants.
- Strong rental demand - the town benefits from a large working population, proximity to major employers across County Durham and Tyneside, and a settled residential community.
- Proximity to key amenities - the town centre, well-regarded schools, retail parks, and leisure facilities all sit within easy reach, helping to retain long-term tenants.
- The Riverside - Chester-le-Street is home to the Seat Unique Riverside cricket ground, a landmark venue that adds to the town's profile and appeal.
- Capital growth potential - with average property prices in the area remaining well below the national average, investors can benefit from strong yields today while positioning themselves for long-term capital appreciation as the North East continues to attract regeneration investment.
KEY INVESTMENT HIGHLIGHTS - 8.8% gross yield at asking price - Tenants in situ, income from day one - Freehold, no ground rent or service charges - EPC C, compliant with current and forthcoming rental legislation - Stable rental history, tenants fully up to date - Competitive asking price of just £92,000 - Strong North East rental demand
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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FAQ
About 36, The Avenue, Pelton
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