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Annand Road, Gilesgate , Durham, DH1 1PW

North East

£140,000
Listed on 13/05/2026

Property Details

Bedrooms
5
Type
Terraced
Area
1017 sqft

Description

This spacious five-bedroom property located in the desirable area of Gilesgate presents a significant opportunity for buyers interested in renovation and personalisation. Close to Durham City Centre, this home features a bright entrance hallway that leads into a large living room, providing ample space for relaxation or entertaining guests. The kitchen is practical yet ripe for modernisation, offering a solid base with a built-in oven and gas hob. It connects directly to the rear garden through an external door, facilitating indoor-outdoor living. A versatile ground-floor bedroom adds flexibility, serving well as a study or playroom. Upstairs, you will find four bedrooms — three spacious doubles and one single — alongside a family bathroom that could benefit from updating. Overall, the property is in need of comprehensive refurbishment throughout, offering an exciting blank canvas for those looking to create their ideal home. Outside, the sizeable rear garden boasts potential for landscaping or family leisure activities and includes a brick storage shed. The front garden has been designed for minimal upkeep and on-street parking is available. Conveniently located near local amenities such as supermarkets and schools at the Arnison Centre, with easy access to Durham's vibrant city life and excellent transport links including bus routes and the A1(M), this property is perfect for those seeking both convenience and investment potential.

Investment Analysis

(DH1 area)

Below Market Value

This property is priced -41.3% below area average per sq ft

-41.3%
Potential saving
This Property
£138/sq ft
Area Average
£235/sq ft
Avg Rent (weekly)
£258
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£262,559
10% above area average per sq ft
Potential ROI
+38.2%
After renovation
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

Annand Road, Gilesgate , Durham, DH1 1PW
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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
£499
Based on a loan of £105,000 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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