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Guide Price
£38,000 Guide Price

12 Queen Street, Grange Villa, Chester-le-Street, County Durham, DH2 3LT

212248833

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4

days

7

hours

32

minutes

7

seconds

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4

days

7

hours

32

minutes

7

seconds

Type

Terraced House

Ownership

Freehold

Occupation

Vacant

Bedrooms

2

Council Tax

Band: A
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Attractive Residential Property

Details

Property Summary

  • We are excited to bring to market a compact 2 bed terraced house located within a sought after area of County Durham *** PRIME NEW ENTRY *** 
  • If run as an Airbnb or short-term let, the property could achieve £95 per night, generating a gross annual income of £24,272.50 based on the guide price and an occupancy rate of 70%. This would generate a gross yield of 63.87% if achieved at the guide price. *** FANTASTIC INVESTMENT OPPORTUNITY ***
  • *** 12, Stone Row, Grange Villa, Chester Le Street, County Durham, DH2 3NA Sold for £85,000 in August 2023, 1, Pine Street, Grange Villa, Chester Le Street, County Durham, DH2 3NA Sold for £65,000 in July 2022 ***
  • If ran as a Buy-to-Let, the property could achieve £550 - £600 per calendar month (£6,600 - £7,200 per annum), generating a fantastic gross yield of 18.9% if achieved at the guide price *** POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY ***
  • The property has been recently refurbished and is in walk-in condition. Sure to appeal to a shrewd investor looking for an easily lettable investment property or a first time buyer looking to get onto the property ladder. *** SURE TO APPEAL TO A VARIETY OF BUYERS ***

 

 

We are excited to bring to market a compact 2 bed terraced house located within a sought after area of County Durham 

*** PRIME NEW ENTRY *** 

 

Property Comprises:

 

Ground floor; Living room, kitchen, well equipped bathroom and ample storage throughout. First Floor; 2 generous bedrooms.

 

If run as an Airbnb or short-term let, the property could achieve £95 per night, generating a gross annual income of £24,272.50 based on the guide price and an occupancy rate of 70%. This would generate a gross yield of 63.87% if achieved at the guide price. 

 

*** FANTASTIC INVESTMENT OPPORTUNITY ***

 

If ran as a Buy-to-Let, the property could achieve £550 - £600 per calendar month (£6,600 - £7,200 per annum), generating a fantastic gross yield of 18.9% if achieved at the guide price. 

*** POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY ***

 

The property has been recently refurbished and is in walk-in condition. Sure to appeal to a shrewd investor looking for an easily lettable investment property or a first time buyer looking to get onto the property ladder. 

*** SURE TO APPEAL TO A VARIETY OF BUYERS ***

 

Sales Evidence:

 

The local areas have seen some great sales recently showing that there is strong demand recently.

 

*** 12, Stone Row, Grange Villa, Chester Le Street, County Durham, DH2 3NA Sold for £85,000 in August 2023, 1, Pine Street, Grange Villa, Chester Le Street, County Durham, DH2 3NA Sold for £65,000 in July 2022 ***

 

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.

 

 

 

This property is offered at a fantastic price to ensure an Auction sale.

 

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

 

 

 

 

 

 

 

Location: 

County Durham, located in the northeast of England, is known for its rich history, stunning landscapes, and vibrant communities. The area offers a blend of urban amenities and rural charm, making it an appealing location for a variety of lifestyles. From historic towns like Durham City, with its iconic cathedral and castle—both UNESCO World Heritage Sites—to picturesque villages surrounded by rolling countryside, County Durham provides a unique combination of culture and natural beauty.

Residents enjoy excellent transport links, including major road networks such as the A1(M) and East Coast Main Line rail services, connecting the county to Newcastle, York, and London. Local amenities are plentiful, with high-performing schools, shopping centers, and healthcare facilities readily available. Outdoor enthusiasts will appreciate the proximity to attractions like the Durham Dales and the North Pennines Area of Outstanding Natural Beauty, perfect for hiking, cycling, and exploring the countryside.

With its rich heritage, strong community spirit, and convenient location, County Durham is a highly desirable area for residential living, catering to both families and professionals alike.
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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Property Features

  • We are excited to bring to market a compact 2 bed terraced house located within a sought after area of County Durham *** PRIME NEW ENTRY *** 
  • If run as an Airbnb or short-term let, the property could achieve £95 per night, generating a gross annual income of £24,272.50 based on the guide price and an occupancy rate of 70%. This would generate a gross yield of 63.87% if achieved at the guide price. *** FANTASTIC INVESTMENT OPPORTUNITY ***
  • *** 12, Stone Row, Grange Villa, Chester Le Street, County Durham, DH2 3NA Sold for £85,000 in August 2023, 1, Pine Street, Grange Villa, Chester Le Street, County Durham, DH2 3NA Sold for £65,000 in July 2022 ***
  • If ran as a Buy-to-Let, the property could achieve £550 - £600 per calendar month (£6,600 - £7,200 per annum), generating a fantastic gross yield of 18.9% if achieved at the guide price *** POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY ***
  • The property has been recently refurbished and is in walk-in condition. Sure to appeal to a shrewd investor looking for an easily lettable investment property or a first time buyer looking to get onto the property ladder. *** SURE TO APPEAL TO A VARIETY OF BUYERS ***

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