We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · DH1 3DB
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer for sale this well-presented and improved two-bedroom top-floor retirement apartment, available with no onward chain.
All the double glazing was replaced in 2025 including opening Velux windows.
The apartment is located to the rear of the building and occupies a tranquil position overlooking the mature gardens and the secure car park.
Orchard House is a purpose-built development for the over-55s with access to round the clock support via back to base emergency pull cords fitted in every room.
With access provided via a telephone entry system; the apartment offers well-planned accommodation comprising an entrance hallway with access to the loft space and two useful storage cupboards, one housing the hot-water tank.
The lounge features a statement window with an attractive outlook, while the kitchen is fitted with a modern range of wall and base units, an inset one-and-a-half-bowl sink and drainer, an electric cooker point with extractor fan above, and integrated fridge-freezer, washing machine and Bosch dishwasher.
There are two bedrooms, both of which have wardrobes, together with a refitted shower room appointed with a white suite comprising a low-level WC, pedestal wash hand basin and double shower enclosure with a wall-mounted mains-fed shower.
Residents also have access to communal areas, while parking is approached through a security barrier.
Orchard House is a purpose-built development exclusively for the over 55s, ideally located in New Elvet within easy walking distance of Durham's historic Market Place.
Residents can enjoy convenient access to a wide range of shops, restaurants, cafés, leisure facilities, and local amenities, as well as picturesque riverside walks.
The property is also well positioned for access to major road links, making travel throughout the region straightforward.
MATERIAL INFORMATION The information below is provided in accordance with the consumer protection requirements of the Digital Markets, Competition and Consumers Act 2024 and is intended to highlight matters which may be material to a prospective purchaser when deciding whether to view, offer on or proceed with this property.
Local Authority – Durham County Council Council Tax Band – C Tenure - Leasehold Lease Expiry Date: 31/07/3019 Service Charge: £3738.45 paid monthly from January to October (inclusive) Property Type – Retirement 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 Gas Supply- There is no gas to the property Electricity supply – Mains Water Supply – Mains (metered) Sewerage – Mains Heating – Electric heating via radiators Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Parking- Residents Parking 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 –yes Article 4 Planning Restricted area – the property is subject to Article 4 Direction Conservation Area – The property is in Durham City Conservation Area/ N/A Probate- The sale of the property is subject to obtaining probate Rights & 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 level access and lifts to all floors.
There are two steps in the hallway to access the apartment from the lift Mining Area – Coal Mining Reporting Area, further searches may be required.
The information has been obtained from the seller and, where appropriate, from publicly available or other relevant sources, and has been compiled in good faith.
Information supplied by third parties or external sources may be subject to change. J W Wood is not qualified to provide legal, surveying, structural or other specialist advice.
Where any information requires legal or technical interpretation, or where any matter is of particular importance to your decision to purchase, you should seek appropriate verification from your conveyancer, surveyor or other suitably qualified professional before committing to significant expenditure.
Buyer Identity & AML Checks Estate agents are subject to legal obligations under anti-money laundering legislation and, where applicable, are supervised by HM Revenue & Customs (HMRC) for compliance with those requirements.
A £35 including VAT fee per purchaser applies 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
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
Agent & docs
FAQ
About Orchard House, New Elvet, Durham City, DH1
Explore nearby