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 work3-bedroom house · DH3 4PD
Listing removedListed 78 days
Opportunity summary
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About
*** discounted market sale home *** Lambton Park is an award winning, truly unique development of inspirational homes, retail, office and business workspace together with community uses set within one of County Durham’s true hidden gems.
Lambton Park lies approximately 1 mile from J63 of the A1(M) providing immediate road links to Newcastle (North) and Durham (South).
Access to the A690 is available via Houghton Le Spring linking with Sunderland and the A19 within a short driving distance.
Located in the heart of the North East of England, Lambton Park has some of the most beautiful landscape in the country on its doorstep and a world of intrigue and history waiting to be discovered.
You will have access to 14km of permissive access routes providing a mixture of woodland and countryside walks with exceptional views across the estate, as well as access to the residents-only area, known as The Paddocks.
Over 1000 acres of Historic Park and woodland provides an oasis of calm and tranquillity on the edge of the urban fringe, set against a back drop of dramatic views of Lambton Castle.
Discount Market Sale (dms) are homes that can be purchased (by eligible purchasers) at a 20% discount of the open market price.
That discount exists in perpetuity and would be passed on to all future owners of the home.
The property offers many features, from low energy light fittings, EV charging point, Air Source Heat Pumps and off-street parking with allocated driveway.
*** Photos are for Illustration Purposes Only. Contact Smith & Friends Darlington for further information.
*** Ground Floor Hallway Downstairs Wc (1.2m x 1.5m (3'11" x 4'11")) Living Room (3.9m x 4.7m (12'9" x 15'5")) Kitchen / Diner (4.9m x 2.7m (16'0" x 8'10")) First Floor Landing Master Bedroom (4.9m x 2.7m (16'0" x 8'10")) Bedroom 1 (2.4m x 3.4m (7'10" x 11'1")) Bedroom 2 (2.3m x 2.4m (7'6" x 7'10")) Family Bathroom (2.4m x 1.7m (7'10" x 5'6")) Eligible Critera What is Discount Market Sale?
Discount Market Sale (dms) are homes that can be purchased (by eligible purchasers) at a 20% discount of the open market price.
That discount exists in perpetuity and would be passed on to all future owners of the home. For example, a home worth £300,000 could be bought with a 20% discount at £240,000.
When you come to sell it, that home could be worth £325,000 on the open market, meaning it could be sold for a maximum of £260,000. Who is eligible to buy a dms home at Lambton Park?
To buy a home at Discount Market Sale, Durham County Council will assess your application against following criteria; You must: • Have a household income of less than £80,000 per year • Be legally allowed to own a property in the UK • Have a Local Connection* to the Lambton Park area: • First priority shall be given to people who have a local connection* to the parish of Bournmoor or an adjoining parish; • Second priority shall be given to people who have a local connection* to the former district of Chester-le-Street; • Third priority shall be given to people who have a local connection* to County Durham.
• Not own another property at the point of purchase (UK or abroad) • Be buying the house to live in it. * For further information, please speak with the sales advisor.
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 advisers before making any investment decisions.
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Deal
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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
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FAQ
About Lambton Park, 9, St Barnabas Way, Chester Le Street
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