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 work2-bedroom flat · DH3 3QW
Listing removedListed 430 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare chance to acquire a very well-proportioned first-floor flat within this highly regarded small courtyard development.
Set within well-tended gardens and offering ample private parking for residents, The Anchorage boasts a lovely location adjacent to the church and is within walking distance of the town's shops and amenities.
The layout includes an entrance hall, a first floor landing with access to boarded loft storage space, a living room which opens to a spacious fitted kitchen/breakfast room with integrated appliances, two bedrooms and a shower room with a large walk-in shower enclosure.
The spacious master bedroom extends to over 15 feet. There is gas central heating via radiators with a replacement Baxi combination boiler (2023), and uPVC double glazing.
This very impressive apartment is available with no onward chain and has a long unexpired lease term.
The Anchorage is an attractive courtyard-style development built around well-maintained communal gardens and parking spaces.
It is ideally situated between Chester-le-Street's town centre amenities and the attractive Riverside Park area adjacent to the River Wear and First Class County Cricket ground.
It, therefore, lies within walking distance of the town's many shops, leisure facilities, doctors, church and other facilities.
The town is an excellent commuter base with good road links to Durham City, Gateshead, Newcastle upon Tyne and Sunderland.
The town's railway station, also within walking distance, is on the main east coast line linking London and Edinburgh, providing rapid access to Durham City and Newcastle upon Tyne.
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 – A Tenure – Leasehold Term - 200 years from 1st November 1985 Unexpired term - 160 years and 3 months on 10th August 2025 Ground Rent - £30 per annum payable yearly in advance on 1st November PART B Property Type – First Floor Flat 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, 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- Private residents' parking, not allocated 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 - Covenants which affect the property are contained within the original Lease from McCarrick Construction Company dated 20th November 1987, which is available for inspection.
Selective licencing area – No Conservation Area - Yes Article 4 Planning Restricted area - No Rights & Easements- See original lease (copy available for inspection) Flood risk – Rivers and Seas: Very low.
Surface Water: Very low. Coastal Erosion – N/A Planning Permission – None current 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 readily available online resources and by enquiring with 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
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.
Area
Agent & docs

FAQ
About The Anchorage, Church Chare, Chester Le Street, DH3
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