2-bedroom flat · DH1 4ET
For saleReduced £10k (−3.8%) on 14 OctListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For Sale – Spacious 2 Bedroom First Floor Apartment, Allergate, Durham City Situated in the very heart of historic Durham City, this well presented and generously proportioned two-bedroom first floor apartment offers an exceptional opportunity for homeowners and investors alike.
Ideally positioned on the sought-after Allergate, the property combines city centre convenience with practical living space and the rare advantage of two allocated parking spaces.
The apartment is ready to move into, having been carefully maintained to provide comfortable, modern living.
Internally, the accommodation offers a bright and spacious feel throughout, complemented by double glazing and gas central heating, ensuring warmth and energy efficiency all year round.
Durham City is renowned for its rich heritage and vibrant atmosphere, centred around the iconic Durham Cathedral and Castle, both part of a unesco World Heritage Site.
The apartment is within easy walking distance of an excellent range of amenities including shops, restaurants, cafés, bars, and leisure facilities, making it ideal for those seeking an active city lifestyle.
The property is also perfectly placed for access to the world-renowned Durham University, making it particularly attractive for academics, professionals, or those looking for a strong rental investment in a highly desirable location.
In terms of connectivity, Durham benefits from excellent transport links.
The nearby Durham railway station provides regular services to major cities including Newcastle, York, and London, while the A1(M) is easily accessible, offering convenient road links both north and south.
This superb apartment presents a fantastic opportunity to acquire a comfortable home or investment property in one of the North East’s most prestigious and historic cities.
Early viewing is highly recommended.
Entrance Hallway Lounge 4.3m x 4.3m - 14'1” x 14'1” Kitchen 3.2m x 2.2m - 10'6” x 7'3” Bedroom 4.5m x 2.8m - 14'9” x 9'2” Bedroom 2.8m x 2.09m - 9'2” x 6'10” Bathroom 2.1m x 1.9m - 6'11” x 6'3” Externally
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 23a, Allergate, Durham
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