Worst House on the Street Logo
Gilesgate, Durham, DH1 - Image 1
Gilesgate, Durham, DH1 - Image 2
Gilesgate, Durham, DH1 - Image 3
Gilesgate, Durham, DH1 - Image 4
Gilesgate, Durham, DH1 - Image 5
Gilesgate, Durham, DH1 - Image 6
Gilesgate, Durham, DH1 - Image 7
Gilesgate, Durham, DH1 - Image 8
Gilesgate, Durham, DH1 - Image 9
Gilesgate, Durham, DH1 - Image 10
Gilesgate, Durham, DH1 - Image 11

Gilesgate, Durham, DH1

North East

£750,000
Listed on 11/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2420 sqft

Description

This striking Grade II listed Georgian townhouse presents a unique opportunity for buyers looking to invest in a property with substantial renovation potential. Spanning over 2,420 sq. ft. across three levels, this semi-detached residence showcases an enchanting blend of original architectural features and modern enhancements. While the home is ready for immediate occupancy, its true value lies in the options available for further development and improvement.<br><br>Upon entry, you are greeted by a spacious hallway that leads to an expansive open-plan kitchen/living/dining area, measuring an impressive 11.6 meters in length. This area combines contemporary luxury with the home's historic essence. The sleek kitchen is equipped with high-end appliances, including an induction hob and a Quooker tap, and is designed to maximize functionality while retaining visual appeal.<br><br>The first floor features a formal drawing room adorned with period details and a cozy log-burning stove, making it an inviting space for gatherings or quiet evenings at home. Bedroom 4 is also located here, adaptable as an office or guest accommodation alongside a well-sized family bathroom.<br><br>The top floor comprises three generously sized bedrooms filled with character; Bedroom one has excellent potential for transformation into a master suite due to its size and proximity to bathrooms. A contemporary bath completes this level's facilities while enhancing comfort and convenience for family living.<br><br>Outside, the rear garden offers multiple zones for relaxation and entertainment—complete with landscaped lawns, decking featuring a hot tub, and a patio area outfitted with a pizza oven. An outbuilding currently serves as an office but holds significant potential as planning permission has been secured to expand its footprint into a more versatile studio space complete with amenities like a kitchenette and shower facilities.<br><br>This property also comes with approved plans for further customization including:<br>• Conversion of the garage into an independent luxurious studio.<br>• Attic conversion already prepped for use as a grand master suite with ensuite facilities.<br>• Potential addition of ensuites to existing upper-floor bedrooms.<br><br>Don't miss the chance to make this historic property your own while reaping the rewards of future investments.

Investment Analysis

(DH1 area)

Above Market Value

This property is priced +31.3% above area average per sq ft

+31.3%
This Property
£310/sq ft
Area Average
£236/sq ft
Avg Rent (weekly)
£279
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£628,099
10% above area average per sq ft
Potential ROI
-26.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (DH1)

Area prices are stable by 0.0% over the last 12 months
3 year growth: +2.2%
5 year growth: +2.3%
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

Gilesgate, Durham, DH1
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,705
Based on a loan of £562,500 over 30 years at 4.06% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.