2-bedroom house · DH7 6TB
Listing removedListed 127 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the highly sought-after village of Witton Gilbert, this attractive mid-terraced home is well presented throughout and is likely to appeal to a broad range of buyers.
The property enjoys a convenient location approximately 3.5 miles from Durham City, with a range of local amenities close at hand including a supermarket, primary school and popular public houses.
For the past eight years, the property has been successfully operated as a holiday let, generating an approximate gross income of £20,000 per annum, and has been maintained to a high standard in line with guest expectations.
The accommodation offers a warm and inviting feel, beginning with a welcoming entrance hallway leading through to a spacious living room featuring an eye-catching gas-fired stove-effect fireplace.
To the rear, there is a stylish open-plan kitchen and dining area with access to a charming patio garden, ideal for outdoor relaxation.
To the first floor, the property comprises two generous double bedrooms and a well-appointed family bathroom complete with a freestanding bath, separate shower enclosure, wash basin and WC.
Offered for sale with no onward chain, the property benefits from gas central heating and double glazing, making it ready for immediate occupation.
Early viewing is highly recommended, as interest is expected to be strong.
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 6, East Block, Durham
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