2-bedroom flat · DH1 1RX
Sold STCListed 83 days
Opportunity summary
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About
A beautifully presented two-bedroom upper floor apartment, ideally situated just moments from Durham City Centre, offering contemporary living in a highly sought-after location with picturesque riverside walks on the doorstep.
Perfectly positioned within easy walking distance of Durham's historic city centre, this modern apartment is ideally suited to professionals, couples, investors, those seeking a convenient city base, or parents purchasing for university students.
Durham University campuses, the train station and the University Hospital are all within easy reach, while the city's vibrant selection of restaurants, cafés, shops and cultural attractions are just a short stroll away.
Accessed via a secure communal entrance, the apartment occupies an upper floor and enjoys elevated rooftop views towards the city.
The well-proportioned accommodation comprises an inviting entrance hallway with useful built-in storage, a spacious dual window lounge filled with natural light, and a modern fitted kitchen complete with integrated cooking appliances.
There are two generous double bedrooms, including a principal bedroom benefiting from an en-suite shower room, together with a well-appointed bathroom.
The property further benefits from double glazing and electric central heating throughout.
Finney Court enjoys an enviable position just a few minutes' walk from Durham Market Place, the city's extensive shopping and leisure facilities, and the renowned University and College buildings.
Despite its central location, the development offers immediate access to the beautiful riverside walks along the River Wear, creating a peaceful setting rarely found so close to the heart of the city.
For commuters, the property is conveniently located within easy reach of the A690 and the A1(M) at Carrville, providing excellent transport links across the North East.
An excellent opportunity to acquire a stylish city centre apartment in one of Durham's most desirable locations, combining convenience, lifestyle and investment potential.
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 – D Tenure – Leasehold Lease Expiry Date: 18/07/2131 Service Charge: £1,711.13 for 1 Jan–31 Dec 2026, variable and payable annually in advance, based on the managing agent’s budget.
Ground Rent: £382.87 per annum, payable annually in advance on 1 January.
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 Electricity supply – Mains Water Supply – Mains (not 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- On-Street Parking (Permit Required) 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 & 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.
Items likely to be included: washing machine, and existing freestanding furniture, including beds, sofas, dining table and chairs, wardrobes and storage units.
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 £35 (inc VAT) administration fee per individual purchaser, for
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 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.
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About Finney Terrace, Durham City, DH1
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