£300,000
8 bed terraced house for saleBelle Vue Terrace, Durham DH1
8 beds
2 baths
2 receptions
EPC Rating: D
- Freehold
Copeland Residential
.png){kind=logo}
About this property
Development Opportunity
Plans Passed for 4 x 2 Bedroom Apartments
Current Property Let To Students @ ?125pppw
Superb Location
Description
Excellent development opportunity. Plans for 4 apartments. Student rental income in place for 2025
An excellent opportunity to purchase this large semi detached property offering development potential to create four self-contained two bedroom apartments with an income of up to £50,000 per annum. With planning permission in place, early viewing is essential to avoid disappointment. Situated in the much sought after location of Gilesgate, which enjoys a wide range of local amenities and has excellent road and public transport links for commuting.? 2 students are in place from 1st July 2025 for a 12 months period paying £125 pppw.
Each of the apartments have been designed to include their own private entrance, a spacious open kitchen and living area, two well proportioned bedrooms and bathroom/WC. Externally there is provision for allocated parking and a communal garden.
The property could also be considered for commercial use, subject to necessary permissions, as there is currently a large forecourt and office to the side of the building.
The planning application can be found via the Durham County Council Planning Portal, using reference DM/21/02241/fpa?
Gilesgate is a very popular village being perfectly situated for walking into Durham City and the riverside. Belle Vue Terrace is located within a very short distance of a range of retail and business parks offering excellent rental opportunities or to provide higher short stay rental yeilds.? Positioned approximately one mile from the train station and on the doorstep of the A690 which provides access to the A1(M) makes the area ideal for the commuter. Local amenities include shops, convenience store, public house and take away restaurants as well as a number of popular schools. There is a retail park approximately half a mile away with a number of shops and a supermarket, additional amenities and facilities can be found within Durham City centre.
EPC rating D tenure - freehold council tax band - tbc
Zoopla insights
Sign in and gain expert analysis to make informed decisions
Stamp duty calculator
Our instant calculator helps you understand how much stamp duty is due on property purchases in England & Northern Ireland. Read the latest stamp duty news
This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.