2-bedroom terraced house · DH1 2DT
Sold STCListed 236 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A good sized two bedroom home with a oversized double garage to rear, inspection pit and further workshop to the side, light and power, recently refitted bathroom.
The property has accommodation comprising: entrance lobby with stairs to the first floor, lounge with windows to the front and feature fire place, kitchen/ diner with a range of floor and wall units, inset sink unit, gas hob with extractor fan over, separate electric double oven, plumbing and space for washing machine and under counter space for fridge and freezer, door giving access to the rear.
To the first floor there are two bedrooms and a recently refitted bathroom with a suite comprising low level wc, wash hand basin and bath with wall mounted shower over.
Externally there is a yard to the rear and a over sized double garage with up and over door, light, power and an inspection pit along with a side work room.
There are a range of local shops and amenities available within Gilesgate and nearby Belmont and Carrville, with a more comprehensive range of shopping and recreational facilities and amenities available within Durham City Centre which lies approximately a mile and a half distant.
Gilesgate is well placed for commuting purposes as it lies a short drive from the A1(M) Motorway Interchange which provides good road links to both North and South.
MATERIAL INFORMATION: In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance PART A Local Authority – Durham County Council Council Tax Band – A Tenure – Freehold PART B Property Type – End of Terrace Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls Gas Supply- Mains Electricity supply – Mains Water Supply – Mains ( not metered) Sewerage – Mains Heating – Gas fired central heating via radiators Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Parking- on street PART C 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 – Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.
Selective licencing area – no Article 4 Planning Restricted area – the property is subject to Durham City Article 4 Direction Rights & Easements- There is a right of access via the gates to the side of 1 Coronation Terrace to access the garage.
Flood risk – Rivers and seas: very low Surface water: very low Coastal Erosion – N/A Protected Trees - NA Planning Permission – Nothing in the local area to affect this property that we are aware of Accessibility/Adaptations – The property has not been altered for accessibility Mining Area – Coal Mining Reporting Area, further searches may be required.
No other Material Information disclosures have been made by the vendor.
This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing.
However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed.
If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.
HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted.
This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property.
There is a £30 (inc VAT) administration fee per individual purchaser, for these checks.
Value & comps
No previous sales on record.
Returns
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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
About Coronation Terrace, Durham, DH1
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