2-bedroom flat · DH1 4RP
Sold STCListed 282 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Rarely available for sale, we are delighted to offer for sale this spacious two bedroomed ground floor apartment within a substantial period house situated just off the highly popular Western Hill area of Durham.
The apartment itself has been impressively renovated and improved by our clients during their ownership including a new boiler in 2021, a new circuit board in 2025, bathroom and a refurbished kitchen.The property itself is accessed via a communal entrance hallway to a spacious internal hallway to the apartment itself leading through to an attractive double aspect open plan lounge/diner with laminate flooring, feature fireplace with inset gas fire and opens via double doors through to a light and airy double glazed conservatory which in turn has double doors leading onto a decked area.
There is an attractive kitchen with a modern range of floor and wall units, inset one and a half bowl sink drainer unit, electric hob, separate electric oven, a slimline dishwasher, a breakfast bar for seating and a freestanding fridge freezer.
There is a useful utility cupboard to the end of the kitchen accessed via double doors which has plumbing and space for a washing machine and additional storage.
There are two bedrooms, the main spacious bedroom has a wall of fitted wardrobes with sliding doors and the other is a good sized double bedroom, the refitted bathroom has a suite comprising wash hand basin, claw foot roll top bath and a separate shower cubicle with electric wall mounted shower.
Externally there is an allocated parking space to the front of the property along with a private decked area providing an attractive environment for sitting overlooking the trees surrounding the obelisk.
Princes Street lies just off Western Hill which has for many years proved to be a desirable location as it is within close walking distance of Wharton Park and the immediate City Centre with its comprehensive shopping and recreational facilities and amenities available.
It is also within walking distance of the bus and railway stations as well as nearby County Hall, Durham University Hospital and Land Registry.
Durham City offers an excellent commuter base being served by the main east coast railway line and with road links to other regional centres.
MATERIAL INFORMATION: In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance PART A Local Authority – Durham County Council Council Tax Band – C Tenure – Leasehold with an equal share of the freehold held between the 6 properties within The Grey House under Grey House Management company Lease Expiry Date: 2172 Service Charge: £601 for 2025 Maintenance.
The service charge includes the buildings insurance Charge: £0 PART B Property Type – Apartment Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls The Property is secondary glazed Gas Supply- Mains Electricity supply – Mains Water Supply – Mains (not metered) Sewerage – Mains Heating – Gas fired central heating via radiators Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Parking- Allocated parking space PART C Building Safety – (The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm) Restrictions – Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.
Selective licencing area – no Article 4 Planning Restricted area – the property is subject to Article 4 Direction Conservation Area – The property is in Durham City Conservation Area Rights and Easements- None Flood risk – Rivers and seas: very low Surface water: very low Coastal Erosion – N/A Protected Trees - NA Planning Permission – There are no current planning applications in the locality that we are aware of.
Or planning details that are known Accessibility/Adaptations – The property has not been altered for accessibility Mining Area – Coal Mining Reporting Area, further searches may be required.
There was a new heat monitoring system installed to the building in 2021 There is no emergency lighting in the communal area No other Material Information disclosures have been made by the vendor.
This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing.
However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed.
If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.
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
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Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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About The Grey House, Princes Street, Durham, DH1
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