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Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 1
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 2
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 3
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 4
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 5
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 6
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 7
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 8
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 9
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 10
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 11
Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY - Image 12

Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY

North East

£70,000

Listed on 18/05/2026

Property Details

Bedrooms
4
Type
Terraced

Description

This four-bedroom property presents an appealing opportunity for those looking to invest in a home that requires updating and personalisation in the desirable Gilesgate area. Its spacious layout allows for significant renovation potential, making it ideal for buyers ready to modernise a well-structured residence close to Durham City Centre. The living room is generously sized, featuring large windows that flood the space with natural light, along with a feature fireplace that can be enhanced or replaced according to your design preferences. The kitchen, while functional with its ample wall and base units, offers considerable scope for improvement; updating this area could greatly enhance not only its usability but also the property’s overall value. A unique aspect of this home is the fourth bedroom on the ground floor, which may serve various purposes such as a study or playroom. Upstairs, you’ll find three further bedrooms—two doubles and one single—each with good potential for updates to better serve family needs. The bathroom features a three-piece suite that is currently functional but would benefit from modern fixtures and fittings to match contemporary standards. Externally, the property boasts off-street parking for two vehicles and a rear garden that provides ample outdoor space, which can be reimagined or landscaped as desired. With convenient access to local amenities and exceptional transport links, this property represents a sound investment for anyone looking to create their dream home while adding significant value through thoughtful renovations.

Investment Analysis

(DH1 area)
Area Average
£235/sq ft
Avg Rent (weekly)
£258
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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

Laurel Avenue, Gilesgate, Durham, Durham, DH1 2EY
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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
£250
Based on a loan of £52,500 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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