Summary - 4 QUEEN STREET GRANGE VILLA CHESTER LE STREET DH2 3LT
2 bed 1 bath Terraced
Low-cost investment with strong rental yield but expect auction fees and local area challenges..
- Two bedrooms, one bathroom mid-terrace (approx. 808 sq ft)
- Guide price £32,000; estimated rental yield >12%
- Vacant possession; freehold title
- Newly renovated overall; some cosmetic work remains
- EPC Rating D; cavity walls assumed uninsulated
- High local crime and very deprived area classification
- Auction sale: 5% deposit and 4.8% buyer fee apply
- Small rooms and small plot size; limited owner-occupier appeal
This mid-terrace two-bedroom house in Grange Villa is offered freehold and sold at auction, presenting a clear investor opportunity. At the guide price the property delivers an estimated rental yield in excess of 12%, and it is currently available with vacant possession. The accommodation is modest (approx. 808 sq ft) with two bedrooms, one bathroom and standard ceiling heights — well suited to buy-to-let or a low-cost entry purchase.
The house has been presented as newly renovated with minimal work required, but note there are small cosmetic tasks visible (flooring and decoration in the living room) and the EPC is D. The building is an early-mid 20th century terrace with double glazing and gas central heating; cavity walls are present but assumed to lack insulation, which may affect heating costs and future upgrade plans.
Buyers should be aware of material negatives: the surrounding area is classified as very deprived with high crime rates, small plot size and small rooms, which may limit owner-occupier appeal. Important auction costs apply (5% deposit minimum and a buyers’ fee of 4.8% subject to minimums), and there may be additional fees in the Special Conditions of Sale. Prospective purchasers must read the legal pack and budget for these upfront costs.
For the right buyer — notably investors seeking immediate rental income or a low-price renovation project — this property is a practical prospect. Local transport links to Stanley, Chester-le-Street and regional cities are convenient, and nearby schools have Good Ofsted ratings, supporting tenant demand in the area.
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