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See how verdicts work2-bedroom house · DH7 0NX
Listing removedReduced £10k (−6.3%) on 2 JulListed 166 days
Opportunity summary
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About
Two bedroom stone fronted terrace | Wood burning stove | Enclosed rear courtyard A characterful two bedroom stone fronted terrace, positioned on Mount Pleasant in the heart of Lanchester.
The home offers a warm and practical layout, with a generous living room, fitted kitchen, two first floor bedrooms, a family bathroom and an enclosed rear courtyard.
The property has a lovely sense of character, with exposed timber doors, a feature fireplace with wood burning stove, timber flooring to the living room and a traditional stone frontage.
It would now benefit from some cosmetic updating in places, giving the next owner the chance to make the home their own while still enjoying a comfortable and well proportioned village property.
Ground Floor The living room is a generous front reception space, with timber flooring, a staircase to the first floor and a striking fireplace with exposed brick recess and wood burning stove.
It is a comfortable room with space for both seating and occasional furniture, creating a welcoming first impression.
To the rear, the kitchen offers a range of fitted units, worktop space, tiled flooring, an integrated oven, gas hob, sink, plumbing for appliances and a rear door leading directly out to the courtyard.
There is also useful space for dining or additional storage, making it a practical everyday kitchen. First Floor The first floor provides two bedrooms and a family bathroom.
The main bedroom is a generous front facing room with feature wall panelling, high ceilings and a useful built in cupboard.
The second bedroom sits to the rear and would work well as a guest room, nursery, dressing room or home office.
The bathroom includes a panelled bath with shower over and glass screen, WC, wash basin with vanity storage, tiled walls and a heated towel rail.
Outside To the rear, there is an enclosed courtyard garden with gated access, hardstanding, raised planting areas and a timber shed.
It is a manageable outdoor space, ideal for seating, pots and practical storage.
Location Lanchester is a popular County Durham village, positioned around 8 miles west of Durham and around 5 miles from Consett, making it well placed for access to surrounding towns, countryside and commuter routes.
The village has a strong local feel, with everyday amenities including shops, places to eat and drink, local services, Lanchester Pharmacy on Front Street and Lanchester Medical Centre on Durham Road.
For schooling, Lanchester Endowed Parochial Primary School on Front Street is rated Good by Ofsted, with its latest inspection listed in March 2024.
St Bede’s Catholic School and Sixth Form College on Consett Road has an Ofsted overall outcome of Requires Improvement from March 2023, with quality of education, personal development, leadership and sixth form provision all judged Good.
Overall, 7 Mount Pleasant is a well located village home with character, practical space and clear potential, ideal for buyers looking for a home they can settle into and improve over time.
EPC Rating: E Location Lanchester is a highly sought-after village in County Durham, known for its attractive rural setting, strong community spirit, and excellent local amenities.
Nestled in the scenic Browney Valley, it offers a peaceful lifestyle while remaining conveniently close to Durham City, making it popular with commuters and families alike.
Living Room (4.96m x 4.45m) Kitchen (5.08m x 2.96m) Bedroom One (4.48m x 3.63m) Bedroom Two (2.95m x 2.92m) Bathroom (2.39m x 2.06m) Hallway (3.51m x 1.97m) Yard Generous Private Yard to the Rear
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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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.
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FAQ
About 7 Mount Pleasant, Durham
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