About This Property

Discover what makes this home special

The Spencer is a charming three-bedroom family home located in the peaceful residential area near Chester-le-Street, County Durham. Priced at £239,995, this property offers a perfect blend of comfort and modern living with spacious interiors, including a large lounge, family area, and a well-appointed kitchen-dining space. The home is ideal for families seeking a quiet yet connected location with easy access to nearby towns and cities.

Upstairs, the property boasts three well-sized bedrooms, including a main bedroom with an en-suite bathroom, a family bathroom, and ample storage space. The layout is thoughtfully designed to maximise natural light and functionality, making it a welcoming and practical living space. The location benefits from proximity to local amenities, schools, and transport links, making it a highly desirable property in the DH9 9UY postcode area.

Property Features

This home features three comfortable bedrooms, including a master bedroom with an en-suite, providing privacy and convenience. The open-plan kitchen and dining area leads seamlessly into a bright family area, perfect for everyday living and entertaining. Additional amenities include a separate lounge, ground floor WC, and multiple storage cupboards, enhancing the practicality of the home. The property also benefits from a private garden and off-street parking, ideal for families and professionals alike.

Three bedroomsEn-suite bathroomFamily bathroomSpacious loungeOpen-plan kitchen and dining areaFamily area+5

Local Amenities

Situated close to Chester-le-Street town centre, the property offers convenient access to a range of amenities. Families will appreciate nearby schools such as Chester-le-Street Academy and St. Joseph's RC Primary School. Shopping needs are well catered for with Tesco Superstore and Sainsbury's Local within easy reach. Leisure options include the Chester-le-Street Leisure Centre and the scenic Riverside Park. Local pubs and restaurants like The Station Hotel provide social venues, while multiple bus stops ensure good connectivity for those without a car.

Chester-le-Street AcademySt. Joseph's RC Primary SchoolTesco SuperstoreSainsbury's LocalChester-le-Street Leisure CentreRiverside Park+2
Chester-le-Street Train Station (1.5 miles, 5 mins drive) • 15 mins by train to Durham

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£239,995
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
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Purchase Costs
Total Price£239,995
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
65/100
ChallengingModerateGoodExcellent
Affordable price point
Limited international transport links
Stable rental demand from local professionals and families

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
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International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£239,995
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
6.4%
Based on £1,280/mo rent
Area Price Growth
+3.1%
Average annual increase
5-Year Value Forecast
£279,302
+£39,307 projected gain
5-Year Rent Forecast
£1,872/mo
Based on 7.9% annual growth
Price per Sq Ft£229
Annual Rent Income£15,360
10-Year ROI256%
Break-Even Point10 yrs

Property Value Projection

Based on 3.1% annual growth
£279,302
5yr
£325,047
10yr
£378,284
15yr
£440,241
20yr
£512,345
25yr
Current: £239,995

Monthly Rental Income

Based on 7.9% annual growth
£1,872
5yr
£2,738
10yr
£4,004
15yr
£5,857
20yr
£8,565
25yr
Current: £1,280/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplans

Ground Floor

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Durham
15 mins
20 mins
Newcastle
30 mins
40 mins

Location Scores

58
Walk Score
Somewhat Walkable
45
Transit Score
Some Transit
52
Bike Score
Bikeable
View Location Details

Future Developments Nearby

Mixed-use (Commercial & Residential)+Positive Impact
Chester-le-Street Town Centre Regeneration
1.2 milesEst. 2025
TransportModerate Positive Impact
Durham County Council Infrastructure Improvements
5 milesEst. 2026
* Information based on local planning applications and may be subject to change

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£239,995
AvailableNB0000054957
View Location Analytics

The Spencer

Tanfield, County Durham, Stanley DH9 9UY
Heritage Fields
3
Bedrooms
3
Bathrooms
1,050
Est. Sq ft
house
Type

Developer

Story Homes
Available Plot Numbers
142
1 plot(s) available
Ownershipfreehold

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£239,995The Spencer

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The Spencer
The SpencerTanfield, County Durham£239,995

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