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Reay Court, Chester Le Street, DH2 3DH

£40,000
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Property Type
Flat
Bedrooms
1
Bathrooms
1
Reception Rooms
1
Tenure
Leasehold
Agent
Let Property
Floor Area
494 sq ft
Price / sq ft
£81
Listed 1 month ago•Updated 14h ago

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Price in context

Price Timeline

Listed 12 Aug 2026 at
£40,000
Increased on 25 Aug 2026 to
£45,000
+12.5%(+£5,000)
Reduced on 1 Sept 2026 to
£40,000
-11.1%(-£5,000)
Current price
Overall change from initial listing
£(0.0%)

Property Summary

This well-maintained 1-bedroom leasehold flat in Chester Le Street offers an excellent buy-to-let opportunity with a current tenant in situ, generating an annual gross income of £4,620. The property features a lounge, bathroom, ensuite, kitchen, shared rear garden, and street parking, spanning 613 sq ft with a current EPC rating of C and potential to improve to B. With a current gross yield of 11.55% and potential to reach 17.61%, this investment is ideal for serious investors seeking a reliable income stream. The tenancy is self-funded with over three years remaining, ensuring consistent rental payments and minimal void periods. Additional benefits include a RICS Level 2 survey available on request and no significant ground rent costs.

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