East Street (ii),
Grange Villa
A refurbished 2-bedroom freehold mid-terrace in Grange Villa, Chester-le-Street, County Durham, let under a 25-year management agreement to a specialist supported-housing operator. From £127,400, with a 12% target net yield.
The numbers
| East Street (ii), Grange Villa, Chester-le-Street, County Durham | |
|---|---|
| Price from | £127,400 |
| Property type | 2-bedroom mid-terrace |
| Outdoor space | Rear garden |
| Postcode district | DH2 |
| Target net yield | 12% |
| Year-1 target net income | £15,288 |
| Tenure | Freehold — your name on the HM Land Registry title |
| Lease type | Pass-through — paid from the property's real income after operating costs, not a fixed promise |
| Management agreement | 25 years, operated by Myshon |
| Rent review | CPI+1% annually, upward only, subject to the lease and legal pack |
| Refurbishment standard | Decent Homes Standard — furnished, certified, ready for occupation |
| Reporting | Monthly income & expenditure via a ring-fenced client account |
| Status | Available Now |
Confirmed pricing and projections are issued in the live property pack for this address, subject to the property pack, lease documentation and legal due diligence. Returns shown are targets, not guarantees.
What you actually own
A 2-bedroom mid-terrace on an ordinary residential street with rear garden — not a share of a scheme, not a unit in a block, and not an HMO. The freehold title is registered in your name at HM Land Registry, and the house is capable of returning to mainstream residential use, subject to the lease and legal advice.
Before anyone moves in, the property is refurbished to the Decent Homes Standard: heating and boiler, electrical upgrades, fire safety and compliance works, redecoration, flooring, kitchen and bathroom, furniture and white goods, and full gas, electrical and EPC certification. See the refurbishment standard in full.
Where the rent comes from
An eligible resident is placed through the operator's national referral network. Their housing costs are met by government-funded housing-cost payments — Universal Credit or Housing Benefit — administered through the provider and operator structure. Operating costs are funded from the service charge, and the remaining landlord rent passes through to you, reported monthly.
The government funds the resident's housing costs. It does not guarantee your rent. That distinction is the whole reason this is a pass-through lease and not a fixed-rent promise — the comparison is set out here.
About Grange Villa
Grange Villa is a village just outside Chester-le-Street, the market town between Durham and Newcastle that sits on the East Coast Main Line. That connectivity matters twice over: it supports long-term residential demand, and it keeps the house inside a normal owner-occupier resale market rather than a specialist one.
Before you go further. Aii Property does not sell directly and does not provide financial advice. If this home is of interest, your enquiry is introduced to a vetted broker or IFA in our network, who advises you and guides the purchase alongside our deal team — with your own independent solicitor handling the conveyance. Target: 10–12 weeks to completion.
Income is linked to occupancy, eligibility, funding rules and operational performance. Property values and income can go down as well as up. Seek independent legal, tax and financial advice before proceeding.
Read before you decide
Other homes in the showcase
Request the property pack for East Street (ii)
Full address, floor plan, photography, refurbishment schedule, lease summary and the confirmed figures for this specific home — sent to you and to the adviser who will guide the purchase.