The Avenue, Pelton
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- SIZE
Ask agent
- 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
- 8.8% gross yield, significantly above the UK buy-to-let average
- Tenants in situ and fully up to date, with rental income from day one
- Freehold tenure with no ground rent or service charges
- EPC rating C valid until August 2034, fully legislation compliant
- Well-connected location with direct rail links to Durham and Newcastle
- Competitively priced at £92,000 with strong long-term capital growth potential
Description
- Address: 36 The Avenue, Chester-le-Street, DH2 1DT
- Property Type: 3-Bedroom Mid-Terrace
- Tenure: Freehold
- Asking Price: £92,000
- EPC Rating: C (Valid until 13 August 2034)
INVESTMENT SNAPSHOT
- Monthly Rental Income: £675 pcm
- Annual Rental Income: £8,100 per annum
- Gross Yield: 8.8%
- Tenants: In situ, up to date on all rental payments
This property offers an outstanding gross yield of 8.8%, significantly above the UK average for residential buy-to-let, making it a compelling addition to any property portfolio.
ABOUT THE PROPERTY
This well-presented three-bedroom terraced home is a solid, low-maintenance investment. Being freehold, there are no ground rent or service charge concerns — a major advantage for investors seeking clean, straightforward ownership.
The property holds an EPC rating of C, valid until August 2034, meaning it comfortably meets current and forthcoming government legislation for the private rental sector, removing any costly improvement concerns for years to come.
Perhaps most appealingly, the property is sold with tenants already in place and fully up to date on their rental payments — meaning rental income begins immediately upon completion, with zero void period.
WHY CHESTER-LE-STREET?
Chester-le-Street is one of the North East's most consistently strong rental markets and offers investors exceptional value for money compared to other UK regions.
- Excellent transport links - Chester-le-Street railway station provides direct services to Durham, Newcastle, and beyond, making it highly attractive to commuting tenants.
- Strong rental demand - the town benefits from a large working population, proximity to major employers across County Durham and Tyneside, and a settled residential community.
- Proximity to key amenities - the town centre, well-regarded schools, retail parks, and leisure facilities all sit within easy reach, helping to retain long-term tenants.
- The Riverside - Chester-le-Street is home to the Seat Unique Riverside cricket ground, a landmark venue that adds to the town's profile and appeal.
- Capital growth potential - with average property prices in the area remaining well below the national average, investors can benefit from strong yields today while positioning themselves for long-term capital appreciation as the North East continues to attract regeneration investment.
KEY INVESTMENT HIGHLIGHTS
- 8.8% gross yield at asking price
- Tenants in situ, income from day one
- Freehold, no ground rent or service charges
- EPC C, compliant with current and forthcoming rental legislation
- Stable rental history, tenants fully up to date
- Competitive asking price of just £92,000
- Strong North East rental demand
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- 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
The Avenue, Pelton
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 36-the-avenue. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.