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Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 1
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 2
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 3
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 4
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 5
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 6
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 7
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 8
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 9
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 10
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Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY

North East

£70,000

Listed on 19/05/2026

Property Details

Bedrooms
4
Type
Terraced House

Description

This four-bedroom property presents a valuable opportunity for those looking to invest in a home ripe for renovation in the desirable Gilesgate area. With its proximity to Durham City Centre, this spacious residence is ideal for buyers eager to infuse their personal style into a well-proportioned living space. The generous living room is bathed in natural light, featuring a large window and a classic fireplace, offering ample scope for modernisation. The kitchen is functional yet dated, featuring plenty of wall and base units along with contrasting work surfaces. While it currently accommodates necessary appliances, an upgrade would not only enhance usability but also add significant value to the property. On the ground floor, there's an additional fourth bedroom that can serve multiple purposes such as a playroom or home office. Upstairs, three bedrooms include two sizeable doubles alongside a single room—perfect for families or professionals alike. The bathroom is equipped with basic amenities but stands to benefit from modern touches and updates, representing another chance for buyers to leave their mark on the property. Outside, the driveway provides off-street parking for two vehicles and leads to an expansive rear garden complete with storage sheds and brick-built storage options—ideal for those wanting outdoor space to enjoy during warmer months. In terms of convenience, this home is located close to essential amenities including supermarkets and schools at the nearby Arnison Centre, while excellent transport links connect you easily to Newcastle and Sunderland via bus routes and the A1(M). This property truly offers potential buyers an exceptional canvas upon which they can create their ideal living environment.

Investment Analysis

(DH1 area)
Area Average
£235/sq ft
Avg Rent (weekly)
£258
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DH1)

Area prices are falling by -5.2% over the last 12 months
3 year growth: +3.0%
5 year growth: -1.5%
Investment Disclaimer: Analysis based on DH1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£250
Based on a loan of £52,500 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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