The Avenue

PROPERTY OVERVIEW

• 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