Moor Crescent, Gilesgate, Durham

This semi-detached house in Gilesgate presents as a potential project for the right buyer, but the numbers suggest a challenging proposition overall. While the asking price of £90,000 is significantly below the local average, this steep discount reflects the extensive refurbishment required. The property is being sold via auction, which adds a layer of urgency and potential risk, especially given the lack of renovation cost estimates and the need for a full refurbishment. The house features three bedrooms and a usable floor area of 852 sq ft, which is appealing for families, but without clear visuals of the condition, the extent of required work remains uncertain.

The location is a positive aspect, with good local amenities and transport links to Durham City, making it attractive for both living and commuting. However, the economics are not favorable, as the renovation costs are unknown, and there is little data to support a solid investment return. While there are opportunities to create value through renovation, buyers should proceed with caution and be prepared for potential hidden costs that could impact overall affordability. The property’s auction status and the health and safety notices further emphasize the need for careful consideration before proceeding.