2-bedroom house · DH2 1TL
Listing removedListed 227 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Introducing this delightful unfurnished two bedroom house located on Melbeck Drive in the charming village of Ouston, DH2.
The property boasts off street parking and a small entrance hall leading to a spacious lounge with fitted laminate flooring.
The modern kitchen offers ample space for a dining table, perfect for family meals.
Upstairs, you'll find two bedrooms with quality fitted carpet and a family bathroom with a three-piece suite and over shower bath.
Additional features include newly fitted gas central heating, full double glazing, and fresh decor throughout.
Situated in the prestigious Urpeth Grange estate, Melbeck Drive provides easy access to Chester le Street, Birtley, and the A1(M), making travel around the region a breeze.
Families will appreciate the proximity to local amenities and well-regarded schools, making this property an ideal choice for those seeking a comfortable and convenient home.
Don't miss the opportunity to view this property and experience the charm of Melbeck Drive for yourself. Contact us today to arrange a viewing.
EPC Rating: C Living Room 4.3m x 3.57m - 14'1” x 11'9” Kitchen Bedroom 3.57m x 2.9m - 11'9” x 9'6” Bedroom Two 3.19m x 1.98m - 10'6” x 6'6” Bathroom
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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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 3, Melbeck Drive, Chester-le-Street
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