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Gilesgate, Durham DH1

North East

£750,000
Listed on 13/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2420 sqft

Description

This distinguished Grade II listed Georgian townhouse offers a unique blend of historical charm and contemporary enhancements, presenting a noteworthy opportunity for investment or renovation. Spanning over 2,420 sq. ft. across three levels, this semi-detached property features a generous open-plan kitchen/living/dining area that maintains its period character while incorporating modern luxuries, including high-end appliances and a design that encourages both comfort and entertaining. The ground floor welcomes you with an airy hallway leading into the spacious living area, which boasts an impressive fireplace and clever zoning for dining and relaxation. Additionally, a utility room and convenient WC add to its functionality. On the first floor, you will find a formal drawing room adorned with exquisite period details and enhanced by a log-burning stove. This level also accommodates Bedroom 4—versatile enough to serve as either a guest room or home office—and a well-appointed family bathroom. The top floor is where potential truly shines, featuring three spacious bedrooms—one of which is perfect for transformation into a luxurious master suite given its size and views. This level offers another bathroom along with a separate WC for added convenience. The property's outdoor space is both inviting and functional, boasting an elegant garden complete with landscaped areas, a decked entertaining zone with hot tub, and additional patios equipped with pizza oven facilities. Notably, there’s an outbuilding currently serving as an office that has been approved for expansion into a sizable studio equipped with essential amenities. Further enhancing this property's appeal are granted planning permissions allowing for: the conversion of garage space into a self-contained studio; the development of the attic into a grand master suite; and added ensuite bathrooms to the existing upper-floor bedrooms—making it an excellent candidate for both personal enjoyment and future value increase.

Investment Analysis

(DH1 area)

Above Market Value

This property is priced +33.0% above area average per sq ft

+33.0%
This Property
£310/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£275
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £85,000
Target Value
£620,379
10% above area average per sq ft
Potential ROI
-25.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DH1)

Area prices are stable by +1.9% over the last 12 months
3 year growth: +4.6%
5 year growth: +2.2%
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

Gilesgate, Durham DH1
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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
£2,705
Based on a loan of £562,500 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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