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 bungalow · DH1 1ED
For saleReduced £20k (−10.3%) on 23 MayListed 370 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Upper Chain ** Refurbished Bungalow ** Pleasantly Situated ** Gardens & Large Store (possible garage) ** Modern Kitchen & Shower Room/WC ** Popular & Convenient Location ** Upvc Double Glazing & GCH ** Good Local Amenities & Road Links ** Close to Durham ** Early Viewing Advised ** The floor plan comprises; entrance hallway, comfortable lounge with feature fireplace, two double bedrooms, shower room/WC and kitchen which has space for a small table and chairs.
Outside, the property occupies a pleasant position with front and rear gardens. The rear garden is enclosed offering a degree of privacy with decked patio and lawned garden.
There is also a large store which could possibly be utilised as a garage.
Gilesgate is an immensely popular village, boasting a prime location for those who enjoy leisurely walks to Durham City and along the riverside.
Furthermore, its close proximity to the train station and the A690, offering access to the A1(M), makes it an excellent choice for commuters.
Within this charming village, you'll find a variety of local amenities such as shops, a convenience store, a welcoming public house, and a selection of take-away restaurants.
For a broader shopping experience, the Dragonville retail park is just a short distance away, featuring numerous shops, a supermarket, and a petrol station.
Additionally, Durham City centre offers a wealth of extra amenities and facilities.
Families in Gilesgate are also well-served by nearby schools, including Durham Free School, Durham Gilesgate Primary School, and St Hild's C of E Primary School.
Moreover, residents have the advantage of access to Durham Johnston and St Leonard's Catholic School.
Entrance Hallway - Lounge - 4.22m x 3.53m (13'10 x 11'07) - Bedroom - 3.71m x 3.33m (12'02 x 10'11) - Bedroom - 3.10m x 3.07m (10'02 x 10'01) - Kitchen - 3.10m x 3.02m (10'02 x 9'11) - Shower Room - 2.16m x 2.08m (7'01 x 6'10) - Store - 5.16m x 2.64m (16'11 x 8'08) - Agent Notes - Electricity Supply: Mains Water Supply: Mains Sewerage: Mains Heating: Gas Central Heating Broadband: Basic 8Mbps, Superfast 80Mbps Mobile Signal/Coverage: Good to Average Tenure: Freehold Council Tax: Durham County Council, Band C - Approx.
£2268p.a Energy Rating: D Disclaimer: The preceding details have been sourced from the seller and OnTheMarket.com.
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.
Robinsons cannot accept liability for any information provided.
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 £30 (inc. VAT) per individual purchaser applies for carrying out these checks.
Value & comps
No previous sales on record.
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 asking
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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
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