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See how verdicts work2-bedroom house · DH1 1EP
Listing removedListed 215 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Venture Properties are delighted to offer for sale with no chain, this spacious property situated in the highly sought after location of Gilesgate.
Ideally placed for access to Durham City and local amenities.
The property consists of a good sized living room with a further reception room or bedroom coming off the living room, a fitted kitchen, further room to the rear and WC.
On the first floor there are two large double bedrooms and a family bathroom. Externally there is a large garden to the rear which includes a shed.
An ideal investment opportunity, the location of the property ensures that student tenants are only around a twenty minute walk from Elvet Riverside lecture rooms, whilst only a short walk from the amenities in Gilesgate, including Sainsburys Local which is approximately a five minute walk from the property.
Ground Floor Entrance Hall Entered via UPVC double glazed door. With stairs leading to the first floor, a UPVC double glazed window and radiator.
Living Room (6.10 x 3.96 (20'0" x 12'11")) Spacious living area with UPVC double glazed bay style window, feature fireplace with marble inset and hearth housing a living flame gas fire, under stairs storage cupboard and radiator.
Reception Room/Bedroom With UPVC framed double glazed window and radiator.
Kitchen (3.07 x 2.46 (10'0" x 8'0")) Fitted with a good range of base and wall units finished in a medium oak, heat resistant worktops, sink unit with mixer tap, breakfast bar, integrated oven hob and extractor, plumbing for an automatic washing machine, two UPVC double glazed windows and understairs storage area.
First Floor Landing With loft access and storage cupboard. Bedroom One (4.95 x 2.90 (16'2" x 9'6")) Generous double bedroom with two UPVC double glazed windows, storage cupboard and radiator.
Bedroom Two (2.92 x 2.90 (9'6" x 9'6")) Double bedroom with a UPVC double glazed window, radiator and storage cupboard.
Bathroom Fitted with a white suite comprising of a panelled bath, pedestal wash basin and low level WC. Having glazed tiling to all walls, radiator and UPVC double glazed window.
External To the front of the property there is a wall enclosed easy maintenance garden, whilst to the rear of the property there is a further good sized fence enclosed garden area with excellent aspect to the rear, garden shed and patio area.
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
Agent & docs
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FAQ
About 79, Wakenshaw Road, Gilesgate
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