12 Queen Street, Grange Villa, Chester-le-Street, County Durham, DH2 3LT
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key 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 gen
- *** 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
- 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 *** POTEN
- 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 ont
Description
- 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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
12 Queen Street, Grange Villa, Chester-le-Street, County Durham, DH2 3LT
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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