2-bedroom terraced house · DH1 2DT
SoldListed 320 daysAuction 29 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For Sale By Auction 29th January 2026 LIVE ONLINE AUCTION.
Requiring total modernisation throughout, this two bedroomed end terraced property has been taken back to its brickwork by our clients and has had a partial re-wire, had new external doors fitted in 2021 and acoustic double glazing in 2018.
The property has accommodation comprising: entrance lobby with stairs to the first floor, lounge with windows to the front, kitchen with a window to the rear and a useful walk in storage area and a rear porch giving access to the yard.
To the first floor there are two bedrooms and a bathroom. There are no fixtures in either the kitchen or the bathroom.
Externally there is parking to the front on the street and a yard to the rear, as well as a garden area which is laid to lawn.
There are a range of local shops and amenities available within Gilesgate and nearby Belmont and Carrville, with a more comprehensive range of shopping and recreational facilities and amenities available within Durham City Centre which lies approximately a mile and a half distant.
Gilesgate is well placed for commuting purposes as it lies a short drive from the A1(M) Motorway Interchange which provides good road links to both North and South.
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 – A Tenure – Freehold PART B Property Type – End of Terrace 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- Mains Electricity supply – Mains Water Supply – Mains ( not metered) Sewerage – Mains Heating – Gas fired central 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 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 Durham City Article 4 Direction Rights & Easements- None Flood risk – Rivers and seas: very low Surface water: very low Coastal Erosion – N/A Protected Trees - NA Planning Permission – Nothing in the local area to affect this property that we are aware of Accessibility/Adaptations – The property has not been altered for accessibility Mining Area – Coal Mining Reporting Area, further searches may be required.
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 £30 (inc VAT) administration fee per individual purchaser, for these checks. Disclaimer 1 None of the services have been tested.
Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts.
The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract.
No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see Disclaimer 2 Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence.
The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell.
The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee.
At your request we can refer you to a North East based Solicitor from our panel.
It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including VAT from them for the recommendation.
Disclaimer 3 Details of the tenure will be available in the legal pack, however we recommend all potential buyers take legal advice and satisfy their requirements prior to purchase.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 advisors 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 Coronation Terrace, Gilesgate, Durham, DH1
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