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See how verdicts work2-bedroom property · DH1 1PU
For saleListed todayAuction 17 Nov · in 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity for buy-to-let investors to acquire this two-bedroom terraced property, offered for sale with a tenant in situ generating £700 per calendar month (£8,400 per annum).
Situated within a convenient residential location in Durham, the property offers an immediate rental income and represents an attractive addition to an investment portfolio.
The accommodation is arranged over two floors and extends to approximately 74 sq m (797 sq ft), comprising an entrance hallway, spacious living room with bay window, separate dining room and fitted kitchen to the ground floor.
To the first floor, the landing provides access to two bedrooms, including a generously proportioned main bedroom, a family bathroom and a separate shower room, offering practical accommodation for tenants.
Externally, the property benefits from an enclosed rear courtyard with useful outbuildings providing additional storage space.
The property is situated on Edward Street in Durham, conveniently positioned for access to the city centre, local shops, schools and everyday amenities.
Durham offers a wide range of shopping, leisure and educational facilities, together with excellent transport connections, including Durham railway station and access to the A1(M), making the location appealing to a variety of tenants.
Currently generating £8,400 per annum, the property provides an opportunity for investors seeking an established rental investment with income from completion, subject to the existing tenancy arrangements.
Property Information Tenure: Freehold EPC Rating: C Current Rental Income: £700 PCM Annual Rental Income: £8,400 Accommodation: Two bedrooms, two reception rooms, kitchen, bathroom and separate shower room Approximate Floor Area: 74 sq m (797 sq ft) Occupancy: Sold subject to the existing tenancy Tenure: Freehold EPC Rating: C
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 15 Edward Street, Durham, County Durham, DH1 1PU
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