2-bedroom semi-detached house · DH6 3RX
For saleReduced £5k (−5.3%) on 9 OctListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-proportioned two-bedroom semi-detached property with double driveway, rear garden and separate outside office.
We are delighted to bring to the market this two-bedroom semi-detached property situated on Luke Terrace in Wheatley Hill.
The property offers well-proportioned accommodation arranged over two floors, together with excellent off-road parking and a useful outside office to the rear.
Upon entering the property, the accommodation leads into a comfortable lounge, providing a welcoming reception space for relaxing and entertaining.
The kitchen/dining room offers a practical and versatile area with space for both kitchen facilities and dining, making it ideal for everyday family life.
Also located on the ground floor is a convenient downstairs WC. To the first floor are two bedrooms, providing comfortable sleeping accommodation, along with a family bathroom.
Externally, the property benefits from a double driveway to the front, providing ample off-road parking.
To the rear is a garden area, offering a pleasant outside space for sitting out and enjoying the warmer months.
A particular benefit of the property is the separate outside office, which provides an excellent dedicated workspace away from the main living accommodation.
This would also lend itself to a variety of uses, including a home office, study, hobby room or additional storage.
Overall, Luke Terrace offers a practical and versatile home with good parking, outdoor space and the added benefit of a separate office.
The property would make an ideal purchase for a first-time buyer, couple or small family and early viewing is recommended.
Lounge 4.5974m x 3.0226m - 15'1” x 9'11” Double glazed window to the front elevation, radiator, door leading into the kitchen/dining room .
Kitchen/Dining Room 4.0894m x 2.3876m - 13'5” x 7'10” Wall and base unit comprising of a double glazed French doors, plumbing for an automatic washing machine, four ring gas hob, electric oven, space for fridge/freezer, stainless steel sink unit with drainer, extractor fan .
Cloaks/Wc 0.9398m x 1.651m - 3'1” x 5'5” Low level w.c, pedestal wash hand basin . Bedroom One 3.1496m x 4.1148m - 10'4” x 13'6” Double glazed window, radiator .
Bedroom Two 2.2352m x 3.9878m - 7'4” x 13'1” Double glazed window, radiator .
Bathroom 2.2352m x 1.7526m - 7'4” x 5'9” Three piece suite comprising of a panelled bath, pedestal wash hand basin with dual taps, double glazed frosted window, radiator .
Outside To the front of the property is a double driveway, to the rear of the property is a garden area comprising of a office room.
Value & comps
No previous sales on record.
Returns
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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
FAQ
About 20, Luke Terrace, Durham
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