Summary -
41, West Street,Grange Villa,CHESTER LE STREET,DH2 3LP
DH2 3LP
2 bed 1 bath Terraced
**Standout Features:**
- 2-bedroom mid-terrace house
- Private rear garden and on-street parking
- Strong buy-to-let potential with existing long-term tenants
- Current annual rental income of £3,900 with tenants wishing to stay
- Average size: 657 sq ft
**Notable Concerns:**
- Located in an area with high crime rates and deprivation
- Property may require modernization (notably in the living room)
- Limited parking options directly
This charming Victorian mid-terrace house in Chester-Le-Street offers an excellent opportunity for serious investors seeking to expand their portfolios. Currently generating a stable rental income, this property is occupied by long-term tenants who have resided here for nine years and wish to continue their lease. With two cozy bedrooms, a medium-sized living room ready for modernization, and a private garden, this residence merges comfort with investment potential.
While situated in a well-connected area close to amenities and schools with good Ofsted ratings, interested buyers should also be aware of the surrounding socio-economic conditions, characterized by higher crime rates and limited mobile signal. The on-street parking adds convenience, though potential buyers should consider the drawbacks of communal spaces. Don’t miss out on this affordable property priced at just £50,000—it’s a unique chance to secure a lasting investment!
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