2-bedroom terraced house · DH3 3TN
Sold STCListed 139 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautifully maintained and well-presented two-bedroom terraced home situated in the heart of Chester-le-Street, ideally positioned close to a range of local amenities and excellent transport links.
Full of character throughout, the property features a charming rustic theme complemented by beautiful wooden finishes, creating a warm and inviting home.
The ground floor briefly comprises an entrance hallway leading into a cosy lounge with a feature built-in gas fire and an attractive square arch opening through to a spacious dining room.
The dining room also benefits from a useful under-stair storage cupboard.
To the rear is a well-appointed kitchen fitted with wooden units, perfectly in keeping with the character and style of this lovely home.
To the first floor there are two well-proportioned bedrooms, with the principal bedroom benefiting from built-in storage cupboards.
Completing the accommodation is a spacious four-piece family bathroom fitted with a corner bath, walk-in shower, wash basin and W.C.
Externally, the property offers a small patio garden to the front, while to the rear there is an enclosed yard.
A charming home with plenty of character in a convenient central location, ideal for first-time buyers, downsizers or investors alike.
Situated within immediate walking distance of the town centre, with its numerous shops, bars and restaurants, Prospect Terrace is a very convenient location, with access to nearby facilities in South Pelaw, including the highly popular Selby Cottage nursery.
The town centre includes many facilities, including the first-class County Cricket Ground, leisure facilities and the attractive Riverside Park area.
There are excellent road links to Durham City, Gateshead, Newcastle upon Tyne and Sunderland.
Material Information PART A Local Authority – Durham County Council Council Tax Band – A Tenure – Freehold Probate - Granted 11th January 2026 PART B Property Type – Terraced Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls Electricity supply – Mains Water Supply – Mains- Unmetered Sewerage – Mains Heating - Gas Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – PART C Building Safety – (The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm) Restrictions – Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.
Selective licencing area – The Property is not in a selective licencing area. Article 4 Planning Restricted area - The Property is in an Article 4 Planning Restricted area.
Rights & Easements- There property has no rights and easements.
Flood risk – Very Low Surface Water- Very Low Coastal Erosion – n/a Planning Permission – no planning applications in the locality Accessibility/Adaptations – None Mining Area – Coal Mining Reporting Area, further searches may be required.
No other Material Information disclosures have been made by the vendor.
This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to 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 judgement 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 do 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, this includes buyers when their offer is accepted.
This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property.
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
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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 Prospect Terrace, Chester Le Street, County Durham, DH3
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