2-bedroom terraced house · DH2 1RN
Listing removedListed 127 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale via modern Auction this two-bedroom semi-detached home with extensive gardens, offering superb potential for renovation, situated in the popular village of Ouston, near Chester-le-Street, representing a fantastic investment opportunity.
This property presents an exciting opportunity for buyers seeking a project, with well-proportioned accommodation and excellent scope to modernise and add value.
Once refurbished, the property could achieve an estimated rental return of approximately £700 per calendar month, making it an attractive prospect for investors as well as first-time buyers.
The ground floor comprises a practical rear porch leading into the kitchen, which flows through to a separate dining room and onward into a bright lounge.
The lounge benefits from a bay window overlooking the garden, creating a light and appealing living space. A separate front entrance hall provides additional access and enhances the layout.
To the first floor are two generous double bedrooms, along with a family bathroom and a separate WC, offering flexibility for reconfiguration and the potential to create a more contemporary arrangement.
Externally, the property is a standout feature, with an extensive garden wrapping around three sides of the home.
This substantial outdoor space provides excellent potential for landscaping, extension (subject to the necessary planning consents), or the creation of a sizeable private garden.
The property is ideally located within Ouston, a well-connected village offering local shops, schools and everyday amenities, with a wider range of facilities available in nearby Chester-le-Street.
The area also benefits from access to attractive green spaces, including local countryside walks and Riverside Park.
Excellent transport links include regular bus services and convenient access to Chester-le-Street railway station, with direct routes to Newcastle, Durham and beyond.
The A1(M) is also easily accessible for commuters.
Offered within Council Tax Band A, this property will appeal to a range of buyers, particularly those seeking a renovation project or a strong investment with promising rental potential.
Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
CST260244/2 Main Description For sale via modern Auction, A two-bedroom semi-detached home with extensive gardens, offering superb potential for renovation, situated in the popular village of Ouston, near Chester-le-Street, representing a fantastic investment opportunity.
This property presents an exciting opportunity for buyers seeking a project, with well-proportioned accommodation and excellent scope to modernise and add value.
Once refurbished, the property could achieve an estimated rental return of approximately £700 per calendar month, making it an attractive prospect for investors as well as first-time buyers.
The ground floor comprises a practical rear porch leading into the kitchen, which flows through to a separate dining room and onward into a bright lounge.
The lounge benefits from a bay window overlooking the garden, creating a light and appealing living space. A separate front entrance hall provides additional access and enhances the layout.
To the first floor are two generous double (truncated)
Value & comps
No previous sales on record.
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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 starting price
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.
Area
Agent & docs
FAQ
About The Oval, Ouston, Chester Le Street, Durham, DH2
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