4 Bed Terraced House, Planning Permission, Durham, DH1 1QN, £585,000

Gilesgate, Durham, County Durham, DH1 1QN - 6 months ago

Under Offer
Planning
ROI: 4%
~129 m²
+51 photos

ValuationOvervalued

Sold Prices£142.5K - £715K
Sold Prices/m²£1.1K/m² - £3.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.5K/m²

Value Estimate

£314,532

 

 

End Value (After Refurb)

£361,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£146,250

Stamp Duty & Legal Fees

£47,200

Refurb Costs

£49,479

Bridging Loan Interest

£15,356

Total Cash In

£260,035

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£361,000

Mortgage (After Refinance)

£270,750

Mortgage LTV

75%

Cash Left In

£260,035

Equity

£90,250

Rent Range

£628 - £4,394

Rent Estimate

£2,400

Running Costs/mo

£1,628

Cashflow/mo

£772

Cashflow/yr

£9,263

ROI

4%

Gross Yield

5%

Local Sold Prices

32 sold prices from £142.5K to £715K, average is £358K. £1.1K/m² to £3.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£390K04/230.21 mi11, Wearside Drive, Durham, County Durham DH1 1LE4
£414K06/210.21 mi14, Ferens Park, Durham DH1 1NU4
£361K03/210.21 mi4, Ferens Park, Durham DH1 1NU4
£435K03/230.21 mi15, Ferens Park, Durham, County Durham DH1 1NU4
£390K04/230.29 mi144, Gilesgate, Durham, County Durham DH1 1QQ4
£715K10/210.44 miCrook Hall Farmhouse, Sidegate, Durham, County Durham DH1 5SZ4
£145K11/200.47 mi8, Sherburn Road, Durham DH1 2JR4
£430K05/210.54 mi40, Highgate, Durham DH1 4GA4
£292K06/230.6 mi39, Mackintosh Court, Gilesgate, Durham, County Durham DH1 1PY4
£240K07/210.6 mi20, Mackintosh Court, Gilesgate, Durham DH1 1PY4
£307K03/230.6 mi30, Mackintosh Court, Gilesgate, Durham, County Durham DH1 1PY4
£210K04/230.61 mi13, Malvern Villas, Durham, County Durham DH1 2JP4
£210K06/230.61 mi7, Malvern Villas, Durham, County Durham DH1 2JP4
£460K03/210.62 mi60, South Street, Durham, County Durham DH1 4QP4
£205K01/230.66 mi42, Deans Walk, Durham, County Durham DH1 1HA4
£170K03/210.71 mi6, Pilgrims Way, Gilesgate, Durham, County Durham DH1 1HB4
£540K01/230.82 mi7, Albert Street, Durham, County Durham DH1 4RL4
£460K02/230.83 mi20, The Avenue, Durham, County Durham DH1 4ED4
£475K02/210.83 mi8, The Avenue, Durham DH1 4ED4
£397.5K06/210.83 mi14, The Avenue, Durham, County Durham DH1 4ED4
£370K01/210.83 mi22, Briardene, Durham, County Durham DH1 4QU4
£531.8K06/230.86 mi23, Crossgate Peth, Durham, County Durham DH1 4PZ4
£355K11/200.86 miAspen Lodge, Crossgate Peth, Durham DH1 4PZ4
£202K06/210.86 mi44, Prebends Field, Durham DH1 1HH4
£200K01/230.87 mi32, Herons Court, Durham, County Durham DH1 2HD4
£142.5K02/230.87 mi23, Herons Court, Durham, County Durham DH1 2HD4
£266.7K02/210.92 mi53, Willowtree Avenue, Durham, County Durham DH1 1EA4
£450K11/200.93 miMoreland House, The Avenue, Durham, County Durham DH1 4EB4
£270K10/220.98 mi8, Poplar Drive, Durham, County Durham DH1 1DR4
£225K12/220.99 mi28, Moor Crescent, Durham, County Durham DH1 1PB4
£299.9K04/230.99 mi17, Moor Crescent, Durham, County Durham DH1 1PB4
£600K01/231 miFarnley Hey, Farnley Hey Road, Durham, County Durham DH1 4EA4

Local Rents

26 rents from £628/mo to £4.4K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£65012/240.01 miGilesgate, Durham, DH15
£3,66212/240.09 mi-5
£3,57512/240.09 mi-5
£1,95012/240.21 miLeazes Court, Leazes Place, Durham, DH14
£2,60012/240.23 miOrchard Drive, Durham4
£2,50012/240.29 mi-3
£2,50001/250.29 mi-3
£2,50003/250.29 mi-3
£2,50002/250.29 mi-3
£2,50012/240.29 miMagdalene Street, County Durham, DH13
£1,15012/240.3 miMagdalene Street, Gilesgate3
£4,39412/240.33 miGilesgate, Durham, DH16
£62812/240.33 miGilesgate, Durham City9
£2,40012/240.33 mi-3
£2,40012/240.33 mi-3
£2,40008/240.33 mi-3
£2,50012/240.33 mi-3
£3,64008/240.38 mi-6
£1,80012/240.5 miIllingworth Grove, Durham, DH13
£70612/240.51 miThe Hallgarth, Durham, DH16
£70612/240.51 miThe Hallgarth, Durham, DH16
£2,42712/240.51 miMontgomery Road, Durham, DH14
£1,15012/240.55 miQuarryheads Lane, Durham, County Durham, DH13
£96912/240.58 miMackintosh Court, Gilesgate, Durham, DH14
£71912/240.59 miHallgarth Street, Durham, DH17
£1,10012/240.59 miMackintosh Court, Gilesgate, Durham, Durham, DH1 1PY3

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

0.32 miles away

Nearest school

0.30 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £585,000

October 18, 2024

Listed for £600,000

September 17, 2024

Floor Plans

Description

  • STUNNING GRADE II LISTED HOME +
  • 3 RECEPTION ROOMS +
  • LANDSCAPED REAR GARDEN +
  • PLANNING PERMISSION TO EXTEND +
  • TASTEFULLY PRESENTED THROUGHOUT +
  • VIEWING ESSENTIAL +

Prepare to fall in love with this dazzling two-storey, Grade II Listed mid-terraced Town House, just a stone's throw from the vibrant heart of Durham City. Recently refurbished to perfection, this home effortlessly marries timeless elegance with contemporary flair. Its pièce de résistance? A sprawling, landscaped rear garden that offers a lush, private sanctuary, ideal for relaxation or hosting in style. Plus, with planning permission for a significant extension, the potential to elevate this residence even further is simply irresistible. Step inside and be greeted by an inviting entrance hallway, leading to a formal lounge, elegant dining room, and a cozy sitting area that flows into a bright conservatory, complete with an external balcony to soak up the views. The kitchen is beautifully appointed, with a useful utility room for added convenience. Upstairs, you'll find four generously sized bedrooms and a stylish family bathroom with a separate shower and WC. Every inch of this home has been designed with comfort and sophistication in mind. The rear garden is a true showstopper, featuring expansive patio areas and lush lawns framed by mature plants and flowers. Whether you're sipping morning coffee or hosting a summer soirée, this outdoor space is sure to impress. A large brick-built store at the back offers ample space for gardening tools, bikes, or outdoor gear. Perfectly situated for modern living, this property is just a short stroll from Durham's bustling city center, with an array of shops, restaurants, and entertainment at your fingertips. Commuting is a breeze with quick access to the A690 and A1(M). Located in the desirable Claypath area, this home is within the catchment of highly regarded schools, including St. Margaret's, St. Oswald's, Durham Johnston School, St. Leonard's, and the prestigious Durham School and Durham High School for Girls. This isn't just a house—it's a lifestyle brimming with charm, comfort, and endless possibilities. Don't let this rare gem slip through your fingers!

Agent Details

Dowen, Durham

0191 625 0118

Next Steps?

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