1-bedroom flat · DH1 2JU
Listing removedListed 161 days
Opportunity summary
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About
*** NO UPPER CHAIN, 990 YEARS REMAINING ON THE LEASE, SOUGHT AFTER LOCATION, IDEAL FOR A RANGE OF BUYERS, SALE TO INCLUDE FURNITURE AND WHITE GOODS, VIEWINGS HIGHLY RECOMMENDED *** This one bedroom ground floor flat is located in Young Street in Gilesgate, Durham.
The property is being sold with no upper chain and will appeal to a range of purchasers. The property comprises: an entrance hall, living room, kitchen/diner, bedroom and a bathroom.
The property is well presented and viewings are highly recommended. Entrance Hall With laminate flooring.
Living Room 3.476m x 2.821m Living room including laminate flooring, a radiator and a double glazed window to the rear.
Kitchen/Diner 3.476m x 2.821m Kitchen including fitted wall and base units with a contrasting work surface, stainless steel sink/drainer with a mixer tap, gas cooker point, tiled splash back, laminate flooring, a washing machine, a radiator and a double glazed window to the rear.
Bedroom 3.819m x 3.108m Bedroom including a built in cupboard housing the boiler, carpet flooring, a radiator and a double glazed window to the front.
Bathroom 1.799m x 1.688m Stylish bathroom including a bath with a mains shower, low level WC, wash hand basin, partially tiled walls, tiled flooring, a radiator and a double glazed window to the side.
Rear Yard To the rear of the property is a shared yard. Agent Notes 1. The property is in council tax band A. 2. The seller has informed us that the property is leasehold. 3.
Utilities - Mains water, sewerage, electricity and gas. 4. Ultrafast broadband available to this property (checker.ofcom.org.uk) 5.
Flood Risk - Rivers and Sea - very low, Surface Water - very low (gov.uk) Disclaimer The preceding details have been sourced from the seller and the websites listed above.
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.
Newfield Estates cannot accept liability for any information provided.
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
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FAQ
About Young Street, Gilesgate, Durham, DH1
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