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Rock Terrace, Durham DH7

North East

£60,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
732 sqft

Description

This mid-terrace residence offers a prime opportunity for those looking to invest in a comprehensive refurbishment project. The property features spacious rooms and a classic layout, making it an ideal candidate for modernization. On the ground floor, you'll find a sizeable lounge with large windows that flood the space with natural light, alongside a separate kitchen at the rear that opens directly to an outdoor area. This layout presents excellent potential for reconfiguration, including possibilities for creating an open-plan living space, pending necessary approvals. Upstairs, the home includes three bedrooms, among which is a generously sized master bedroom, as well as a family bathroom. The current arrangement provides flexibility for redesign to meet contemporary standards. Outside, there is a secluded rear yard accessible via a shared lane, and on-street parking is available in front of the house. This property is in need of complete renovation throughout and is particularly suited to buyers who are eager to unlock its true value and create a stylish living space or rental investment. With the right vision and effort, this property could become a stunning home or profitable venture.

Investment Analysis

(DH7 area)

Below Market Value

This property is priced -48.8% below area average per sq ft

-48.8%
Potential saving
This Property
£82/sq ft
Area Average
£160/sq ft
Avg Rent (weekly)
£174
Avg Yield
5.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£128,832
10% above area average per sq ft
Potential ROI
+28.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (DH7)

Area prices are stable by +0.1% over the last 12 months
3 year growth: +10.0%
5 year growth: +7.4%
Investment Disclaimer: Analysis based on DH7 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

Rock Terrace, Durham DH7
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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
£213
Based on a loan of £45,000 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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