2-bedroom bungalow · DH2 3DL
Listing removedListed 151 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available with no onward chain, this spacious two bedroom bungalow occupies a pleasant position within this sought-after estate, with elevated views from the front.
The property has been newly refurbished with a refitted contemporary kitchen including integrated appliances, a stylish new bathroom with a mains shower and fitted storage, new floor coverings and redecoration.
The size and layout make this a very appealing bungalow, which is ready to move into.
It includes a hall that leads to a 17ft living room/dining room with a living-flame gas fire, a fireplace, and a bay window.
An inner hall leads through to the new kitchen at the rear, which also has a door leading to the large 23ft garage, with a useful utility area.
There are two well-proportioned bedrooms and a refitted bathroom. The specification includes gas central heating via radiators with a Baxi combination boiler and replacement uPVC double glazing.
Garden Farm is a sought-after and established development lying a short distance to the west of the town centre.
It is easily accessible to the town, where many shops, schools, and amenities are available.
Chester-le-Street is an excellent commuter base with good road links to Durham City, Gateshead, Newcastle upon Tyne, and Sunderland.
The town's railway station is on the East Coast Line linking London and Edinburgh.
MATERIAL INFORMATION: In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and the National Trading Standards Estate and Letting Agency Team’s Material Information in Property Listings Guidance PART A Local Authority – Durham County Council Council Tax Band – B Tenure – Leasehold Term - 999 years from 1 January 1961 Ground Rent - £9 per annum payable in half-yearly instalments on 1st January and 1st July Probate - Granted 23rd April 2026 PART B Property Type – Semi-detached Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken are the maximum dimensions available between internal walls unless otherwise indicated Electricity supply – Mains Water Supply – Mains, not metered Sewerage – Mains Heating – Gas boiler with radiators Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Parking – Garage and drive.
Street parking with no permit restrictions PART C Building Safety – The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engage the services of a chartered surveyor to confirm Restrictions – None Covenants - None.
Selective licencing area – Not included Conservation Area - No Article 4 Planning Restricted area - Included in Article 4 HMO County Durham Constraint Rights & Easements- None Flood risk – Rivers and Seas: Very low.
Surface Water: Very low. Coastal Erosion – N/A Planning – 1979 Garage Building Control – 2016 GASAFE Cooker. 2017 FENSA Replacement windows.
2019 GASAFE Boiler installation Accessibility/Adaptations – None Mining Area – Coal Mining Reporting Area. Further searches may be required.
The vendor has made no other Material Information disclosures. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor before marketing.
However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgment on our part about which parts are “Material Information” to be disclosed.
If any information provided, or other matter relating to the property, is of particular importance to you, please seek verification from a legal advisor before committing to expenditure.
HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, including buyers, when their offer is accepted.
This must be completed per purchaser, who will become the legal owner(s) of the property in the transaction. There is a £30 (inc VAT) administration fee per individual purchaser for these checks.
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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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 advisors 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 Grasmere Road, Chester Le Street, County Durham, DH2
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