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Rock Terrace, Durham, DH7

North East

£60,000
Listed on 30/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
732 sqft

Description

This mid-terrace home offers a remarkable opportunity for buyers or investors looking to dive into a substantial renovation project that promises significant value enhancement. With a traditional layout and generous dimensions, this property serves as an ideal canvas for reimagining a contemporary living space. The ground floor features a spacious lounge bathed in natural light thanks to its large front window, alongside a separate kitchen that opens directly to the outdoor area. Both spaces are ripe for transformation, with the potential to create an open-plan design (subject to necessary permissions) that aligns with modern lifestyle preferences. Upstairs, you'll find three bedrooms, including a comfortably sized master bedroom, as well as a family bathroom. The current layout is functional yet allows for various reconfiguration possibilities to better suit today's living standards. Outside, the property has an enclosed rear yard accessible from the kitchen and benefits from on-street parking at the front. This residence requires comprehensive refurbishment throughout, making it perfect for those ready to take on an exciting project and unlock its full potential. Whether aimed at resale or rental investment, this property presents a valuable opportunity to inject style and equity into your portfolio.

Investment Analysis

(DH7 area)

Below Market Value

This property is priced -48.7% below area average per sq ft

-48.7%
Potential saving
This Property
£82/sq ft
Area Average
£160/sq ft
Avg Rent (weekly)
£164
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£128,671
10% above area average per sq ft
Potential ROI
+28.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (DH7)

Area prices are stable by -0.5% over the last 12 months
3 year growth: +9.6%
5 year growth: +8.4%
Investment Disclaimer: Analysis based on DH7 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

Rock Terrace, Durham, DH7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£216
Based on a loan of £45,000 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.

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