Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · DH1 4HA
Sold STCListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* Being Auctioned via the Great North Property Auction in connection with Robinsons * Start bids welcome from £190,000 * Buyers Premium applies please see full details for information * No chain and occupying a position on popular Laburnum Avenue, within Durham City's highly sought-after Viaduct area, this traditional Victorian-style mid-terraced property presents an excellent opportunity for investors and owner-occupiers seeking a property with considerable potential in a prime city location.
Requiring refurbishment but offers excellent scope for improvement and value enhancement, with its traditional character, generous proportions and enviable location making it an attractive proposition for a variety of purchasers.
Retaining a number of period-style features, the accommodation comprises a welcoming entrance hallway, spacious reception rooms offering flexible living and dining arrangements, and a kitchen to the ground floor.
To the first floor are two generously proportioned bedrooms and a bathroom accessed via one of the bedrooms.
The existing layout offers potential for reconfiguration to suit individual requirements, subject to any necessary consents.
Externally, the property benefits from a rear yard/garden area, providing useful outdoor space with scope for further enhancement.
Laburnum Avenue enjoys an enviable position within easy reach of Durham City Centre, Durham University and Durham Railway Station, making it particularly appealing to homeowners and buy-to-let investors alike.
The surrounding area offers an excellent selection of shops, cafés, restaurants, bars and everyday amenities, while convenient access to the A690 and A1(M) provides excellent connections throughout the wider North East.
Combining Victorian character, a highly desirable location and significant potential for improvement, this is a superb opportunity to acquire a property in one of Durham City's most established and sought-after residential areas.
Early viewing is strongly Auction Notes - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional. Agents Notes - Council Tax: Durham County Council, Band C - Approx.
£2331p.a Tenure: Freehold Property Construction – Standard Gas Supply - Mains Electricity supply – Mains Water Supply – Mains Sewerage – Mains Heating – Gas Central Heating Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Building Safety – The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm.
Restrictions – If there are any covenants which may affect the property, they would be within the Land Registry Title Register which is available for inspection via the Land Registry or your legal representative.
We believe the property to be in a conservation area.
Probate – TBC Rights & Easements – None known Flood risk – Refer to the Gov website - Coastal Erosion – Refer to the Gov website - Protected Trees – None known Planning Permission – Nothing in the local area to affect this property that we are aware of.
Check with seller. Accessibility/Adaptations – None known Mining Area – Coal Mining Reporting Area, further searches may be required by your legal representative.
Disclaimer: Our details have been compiled in good faith using publicly available sources and information obtained from the vendor prior to marketing.
Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities before making any financial commitments.
Robinsons cannot accept liability for any information provided subsequent amendments or unintentional errors or omissions.
HMRC Compliance requires all estate agents to carry out identity checks on their customers, including buyers once their offer has been accepted.
These checks must be completed for each purchaser who will become a legal owner of the property. An administration fee of £60 (inc. VAT) per individual purchaser applies for carrying out these checks.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
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FAQ
About Laburnum Avenue, Durham City, Durham
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