Summary - 68, Orwell Gardens, STANLEY DH9 6QA
2 bed 2 bath Terraced
Practical buy-to-let with parking and rental uplift potential close to schools..
- Two-bedroom modern mid-terrace with rear garden and front parking
- Sold with tenant in situ since March 2023
- Current rent £475 pcm (6.3% gross yield at asking)
- Market rent estimated £650 pcm (potential 8.7% gross yield)
- Small overall size ~474 sq ft; compact rooms
- Area shows high crime and very high deprivation
- Freehold tenure; straightforward modern construction
- Basic internal condition; likely only routine maintenance needed
A compact modern two-bedroom terraced house in a recent Stanley development, offered freehold with allocated off-street parking and a rear garden described as large for the property type. Internally the layout is practical: entrance hall, downstairs WC, reception room and kitchen on the ground floor, with two bedrooms and a family bathroom upstairs. The finish is basic and functional, suitable for straightforward letting or simple owner-occupation.
The property is sold with an existing tenant in situ (occupying since March 2023) and currently achieving a rental income of £475 pcm. At the asking price this produces a 6.3% gross yield; local comparable rents are around £650 pcm, which would raise the gross yield to approximately 8.7% at the same asking price. This makes the home an attractive prospect for buy-to-let investors seeking near-term uplift from market rental alignment.
Buyers should note material negatives: the area shows high crime levels and very high deprivation indices, and the house is small in overall footprint (approximately 474 sq ft). Interior condition is basic and may require only routine maintenance rather than major overhaul. The location is convenient for local amenities, schools and the A1 road link, supporting tenant demand from commuting workers.
Overall, this terraced property suits investors targeting steady rental returns with upside if rents are increased to local market rates, or first-time buyers comfortable in a modest, practical home in a rental-heavy neighbourhood. The combination of allocated parking, modern construction and proximity to schools adds to practical appeal, while social and area risks should be considered when assessing longer-term value.
2 bedroom end of terrace house for sale in Horsley Close, Stanley, DH9 — £88,000 • 2 bed • 1 bath • 721 ft²
3 bedroom semi-detached house for sale in Balmoral Avenue, Stanley, County Durham, DH9 — £77,000 • 3 bed • 2 bath • 700 ft²
3 bedroom semi-detached house for sale in Fonteyn Place, Stanley, DH9 — £105,000 • 3 bed • 1 bath • 969 ft²
2 bedroom semi-detached house for sale in Wear Road, Stanley, DH9 — £95,000 • 2 bed • 1 bath • 676 ft²
2 bedroom terraced house for sale in Ridley Street, Stanley, DH9 — £52,950 • 2 bed • 1 bath • 594 ft²
2 bedroom end of terrace house for sale in Hawick Court, East Stanley, Stanley, Durham, DH9 6XN, DH9 — £99,950 • 2 bed • 1 bath • 699 ft²
