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Heaviside Place, Gilesgate, Durham - Image 1
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Heaviside Place, Gilesgate, Durham

North East

£140,000
Listed on 18/04/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
915 sqft

Description

This end-terraced house, located in the desirable Gilesgate area, offers an exciting opportunity for renovation and investment. Just a short stroll from Durham city centre, this three-bedroom property includes features such as UPVC double glazing and a private rear garden that boasts ample sunlight, ideal for outdoor living. The internal layout comprises a welcoming hallway that leads to a spacious lounge-dining area, illuminated by windows at both ends and equipped with a gas fire. The kitchen is functional with white cabinetry and a breakfast bar, providing easy access to the garden. Upstairs, you'll find three good-sized bedrooms alongside a family bathroom/WC. Though currently requiring modernisation, the property has significant potential for those looking to enhance its value for resale or as a rental unit. Given its strategic location—close to local amenities like shops and schools, alongside excellent transport links to major cities—this home presents an attractive proposition for families and professionals alike. With the right updates, buyers can create a comfortable living space while benefiting from the area's charm and accessibility.

Investment Analysis

(DH1 area)

Below Market Value

This property is priced -34.7% below area average per sq ft

-34.7%
Potential saving
This Property
£153/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£270
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£235,974
10% above area average per sq ft
Potential ROI
+34.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DH1)

Area prices are rising by +2.2% over the last 12 months
3 year growth: +6.4%
5 year growth: +2.9%
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

Heaviside Place, Gilesgate, Durham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£496
Based on a loan of £105,000 over 30 years at 3.91% 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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