3-bedroom flat · DH7 6UE
For saleListed 879 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious, three bedroom, penthouse apartment with gorgeous scenic views across the country side. Access to the property is gained through an electric gate and a secure intercom system.
the property benefits from double glazing throughout and a gas fired central heating system, the floorplan briefly comprises; Open plan, approx 26.7ft long, kitchen/lounge with Velux windows making the kitchen space nice and bright, and with French doors to the southerly facing balcony where you have stunning views across to Langley Park and Esh Village, making it an ideal area for breakfast or dining on a summers evening.
You then drop down into the dining room with Velux window, good sized storage cupboard which is being used partially as a pantry, which then leads on to the main family bathroom and the 3 bedrooms, with the main bedroom featuring a shower en-suite and fitted wardrobes, and bedroom 3 features a Velux window to make a bright space.
Parking is available with allocated parking and there are visitor bays available also.
There are a range of local shops and amenities available within the village, with a more comprehensive range of shopping and recreational facilities and amenities available within Durham City Centre which lies approximately 4 miles distant.
Witton Gilbert is well placed for commuting purposes as it lies adjacent to the A(691) Highway which provides good road links to other regional centres.
Tenure of this property is leasehold with a Share of the Freehold, the Freehold is owned by the property owners management company Low Meadows (Witton Gilbert) Management Company Limited and we are advised the service charge is £32.40 per month.
This charge is due monthly or annually and is subject to review on a yearly basis. Agent notes: Council Tax Band C. Utilities - Mains water (metered), electricity, sewerage and gas.
Ultrafast fibre broadband available to the postcode, no cable available, mobile phone coverage by all major networks. Official Flood risk - Rivers & seas - No Risk, surface water - very low.
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
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
FAQ
About Low Meadows, Witton Gilbert, Durham, DH7
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