2-bedroom house · DH7 0JB
For saleReduced £5k (−3%) on 6 OctListed 74 days
Opportunity summary
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About
Two bedroom terraced home | Two bathroom facilities | Open plan living and kitchen space | Off street parking A well arranged two bedroom terraced home, offering practical and comfortable accommodation within the popular village of Lanchester.
With open plan living and kitchen space, two bedrooms, two bathroom facilities and off street parking, the property offers an appealing opportunity for first time buyers or those seeking an investment property in a well regarded County Durham village.
The layout gives the property a good sense of everyday usability, with living, dining and kitchen areas arranged across the ground floor and two well proportioned bedrooms to the first floor.
The additional bathroom provision is a particularly useful feature, adding flexibility and convenience for modern living.
Ground Floor The ground floor opens into an entrance hall, leading into the principal living accommodation.
The open plan lounge and kitchen provides a sociable and practical living space, with room for seating, cooking, dining and everyday relaxation.
This arrangement works well for buyers who want a manageable home with an easy flow between the main living areas.
A separate dining area adds further flexibility, creating room for family meals, working from home or entertaining.
A ground floor WC adds useful convenience and completes the ground floor accommodation.
First Floor To the first floor there are two bedrooms, both offering comfortable proportions and flexibility for a main bedroom, guest room, dressing room or home working space.
The family bathroom includes a bath, WC and wash hand basin, while the additional shower room provides further convenience.
This arrangement gives the home a practical advantage, particularly for couples, guests or busy mornings.
Outside Externally, the property benefits from off street parking, adding valuable practicality within a central village setting.
Location Lanchester is one of County Durham’s most desirable villages, known for its attractive centre, strong community feel and excellent range of everyday amenities.
The village offers shops, cafés, pubs, restaurants, pharmacy services, medical facilities, post office provision, local services and community facilities, making it a practical and welcoming place to live.
Families are well served by local schooling options.
Lanchester Endowed Parochial Primary School is Ofsted rated Good, while All Saints’ Catholic Primary School and St Bede’s Catholic School and Sixth Form College are also located within the village.
The village is well placed for access to Durham, Consett and the surrounding countryside.
Public transport links include regular bus services connecting Lanchester with Durham, Consett and Castleside, making the location convenient for commuting, education and access to wider amenities.
For buyers seeking a two bedroom home with two bathroom facilities, off street parking and a convenient village position, this property offers a very sensible opportunity for a first time buyer or investor in one of County Durham’s most well regarded locations.
EPC Rating: C Hallway (2.06m x 1.13m) Living Room (3.38m x 3.13m) Kitchen (4.01m x 2.40m) Dining Room (2.78m x 2.44m) Bedroom One (3.55m x 3.15m) Bedroom Two (4.58m x 3.69m) Bathroom (1.65m x 1.23m) Ensuite (2.39m x 1.34m) Hallway (3.32m x 2.76m)
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 12 Victoria Terrace, Durham
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