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7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT - Image 1
7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT - Image 2
7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT - Image 3
7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT - Image 4
7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT - Image 5
7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT - Image 6
7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT - Image 7
7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT - Image 8
7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT - Image 9
7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT - Image 10
7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT - Image 11

7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT

North East

£230,000
Listed on 18/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1565 sqft

Description

This three-storey townhouse in Durham presents a unique opportunity for renovation and investment, situated conveniently close to both the vibrant City Centre and Durham University. With approximately 1,565 sq. ft. of living space, this property is perfect for buyers seeking to make their mark through refurbishment or conversion. The home is part of an appealing contemporary terrace and showcases distinctive bay windows that add character to its facade. Notably, it includes an integral garage and driveway parking, along with a private rear garden that currently requires attention—ideal for those looking to enhance outdoor space and potentially increase property value. Inside, the lower ground floor features an extensive 31’ integral garage that offers considerable storage options and the possibility for workshop use or conversion (subject to local regulations). A hallway, a convenient WC, and a utility room that opens to the rear garden complete this level. On the ground floor, discover a bright 17’ lounge adorned with a feature fireplace and dual-aspect bay windows that overlook mature greenery. The generously sized kitchen/dining area is equipped with various units and integrated appliances, while French doors provide access to the garden, creating a seamless indoor-outdoor flow. The first floor is home to three bedrooms: a spacious master suite complete with en-suite facilities, alongside another double bedroom and a single room ideal for use as a study or guest space. A family bathroom services these rooms. The exterior includes a two-tiered private rear garden in need of landscaping—that presents an excellent canvas for design potential. With driveway parking available at the front as well as the substantial garage, convenience is assured. This property stands out not only for its size and layout but also due to its proximity to essential amenities in Durham City. It represents an impressive investment prospect for those looking to capitalize on the area's strong rental demand or simply wishing to create their dream home through thoughtful renovation. This traditional auction sale offers flexibility for buyers who are ready to undertake improvements that can significantly elevate both function and aesthetic appeal in this prime location.

Investment Analysis

(DH1 area)

Below Market Value

This property is priced -37.4% below area average per sq ft

-37.4%
Potential saving
This Property
£147/sq ft
Area Average
£235/sq ft
Avg Rent (weekly)
£352
Avg Yield
6.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£403,864
10% above area average per sq ft
Potential ROI
+46.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DH1)

Area prices are stable by +1.7% over the last 12 months
3 year growth: 3.1%
5 year growth: 3.8%
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

7 Ashwood, Leazes Lane, Durham, County Durham DH1 1HT
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£843
Based on a loan of £172,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE