2-bedroom terraced house · DH1 1LG
Sold STCListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Chain & Sold As Seen ** Walking Distance to Durham City ** Requires Full Refurbishment ** Pleasant Position ** Gas Central Heating ** Rear Garden** Situated in a pleasant and established position within the highly sought-after area of Gilesgate, this two-bedroom home offers excellent potential for buyers looking to create a property tailored to their own tastes and requirements.
Benefiting from gas central heating via back boiler and an enclosed rear garden. The property is ideally located within easy walking distance of Durham City Centre.
The accommodation briefly comprises an entrance hallway, comfortable lounge, kitchen. The first floor has two bedrooms and bathroom/WC.
The property is freehold with a flying freehold element due to part of the property extending over the side alley way.
The alley way provides access to neighbouring properties who have right of access and the access door is coded entry.
Gilesgate remains one of Durham's most popular residential locations, offering the perfect balance of convenience and community.
Residents enjoy easy access to Durham City's historic centre, riverside walks, and a wide range of shopping, dining and leisure facilities.
The area is also exceptionally well placed for commuters, with excellent transport links via the A690, A1(M), and Durham Train Station.
A variety of local amenities are available close by, including convenience stores, public houses, takeaways, and everyday services.
The nearby Dragonville Retail Park provides further shopping options, a supermarket, and petrol station.
The area is well served by respected schools, including Durham Gilesgate Primary School, Durham Free School, St Hild's Church of England Primary School, Durham Johnston Comprehensive School, and St Leonard's Catholic School.
An excellent opportunity for first-time buyers, investors, or those seeking a project in a highly desirable location. Agents Notes - Council Tax: Durham County Council, Band A - Approx.
£1748 p.a Tenure: Freehold, although there is a flying freehold element.
Part of the property extends over the side alley way Property Construction – Standard Gas Supply - Mains Electricity supply – Mains Water Supply – Mains Sewerage – Mains Heating – Gas Central Heating back boiler Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – 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 within the Land Registry Title Register which is available for inspection.
Selective licencing area – No Rights & Easements – side Alley way provides access to neighbouring properties and is accessed via door code 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.
Check with seller. Accessibility/Adaptations – None known 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 £30 (inc. VAT) per individual purchaser applies for carrying out these checks.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Magdalene Street, Gilesgate, Durham
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