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See how verdicts work3-bedroom semi-detached house · DH1 1PB
Sold STCReduced £5k (−5.6%) on 26 OctListed 66 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auction Sale ** No Chain ** Full Refurbishment Required ** Fantastic Potential ** Very Popular Location ** GCH Via Recent Combi ** Gardens & Driveway ** Close to Durham ** Good Local Amenities & Road Links ** * Being Auctioned via the Great North Property Auction in connection with Robinsons * Start bids welcome from £90,000 * Buyers Premium applies please see full details for information * The floor plan comprises; entrance hallway, lounge and dining room, kitchen, three bedrooms, bathroom and separate WC.
Outside there are front and rear gardens and driveway parking.
Gilesgate is an immensely popular village, boasting a prime location for those who enjoy leisurely walks to Durham City and along the riverside.
Furthermore, its close proximity to the train station and the A690, offering access to the A1(M), makes it an excellent choice for commuters.
Within this charming village, you'll find a variety of local amenities such as shops, a convenience store, a welcoming public house, and a selection of take-away restaurants.
For a broader shopping experience, the Dragonville retail park is just a short distance away, featuring numerous shops, a supermarket, and a petrol station.
Additionally, Durham City centre offers a wealth of extra amenities and facilities.
Families in Gilesgate are also well-served by nearby schools, including Durham Free School, Durham Gilesgate Primary School, and St Hild's C of E Primary School.
Moreover, residents have the advantage of access to Durham Johnston and St Leonard's Catholic School.
** NOTES TO VIEWERS - CARE IS TO BE TAKEN WHEN VIEWERS ARE MOVING AROUND THE PROPERTY - ROBINSONS CANNOT ACCEPT ANY RESPONSIBILITY ** Ground Floor - Hallway - Lounge & Dining Room - 6.58m x 3.78m (21'07 x 12'05) - Kitchen - 3.15m x 2.39m (10'04 x 7'10) - First Floor - Bedroom - 3.48m x 3.02m (11'05 x 9'11) - Bedroom - 3.43m x 3.23m (11'03 x 10'07) - Bedroom - 2.16m x 1.96m (7'01 x 6'05) - Bathroom - 2.41m x 1.50m (7'11 x 4'11) - Wc - Auction Note - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional. Agent Notes - Council Tax: Durham County Council, Band C - Approx.
£2331p.a Tenure: Freehold Estate Management Charge – No Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements are for guidance only Gas Supply - Mains Electricity supply – Mains Water Supply – Mains Sewerage – Mains Heating – Gas Central Heating Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Building Safety – The property is in a state of disrepair and so caution is advised on inspection.
We would recommend that the purchaser engages the services of a chartered surveyor to confirm.
Restrictions – Covenants which affect the property are within the Land Registry Title Register which is available for inspection. Selective licencing area – No. Probate – NA.
We understand probate is not required in this instance, however, the property does require first registration as part of the process but this will be expedited. Rights & Easements – None known.
Flood risk – Refer to the Gov website - Coastal Erosion – Refer to the Gov website - Protected Trees – None Known.
Planning Permission – Nothing in the local area to affect this property that we are aware of. Mining Area – Coal Mining Reporting Area, further searches may be required by your legal representative.
Disclaimer: Our details have been compiled in good faith using publicly available sources and information obtained from the vendor prior to marketing.
Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities before making any financial commitments.
Robinsons cannot accept liability for any information provided subsequent amendments or unintentional errors or omissions.
HMRC Compliance requires all estate agents to carry out identity checks on their customers, including buyers once their offer has been accepted.
These checks must be completed for each purchaser who will become a legal owner of the property. An administration fee of £42 (inc. VAT) per individual purchaser applies for carrying out these checks.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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.
Area
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FAQ
About Moor Crescent, Gilesgate, Durham
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