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Durham City centre has always been a popular choice for buy to let investors and there is a huge demand for student accommodation in the DH1 postcode area. We have a number of existing investors who consistently purchase older period properties from us in the city centre and also have a healthy demand from professionals looking for river fronted apartments. The surrounding towns and villages are also popular but do not command the higher prices of the city centre.
Durham city centre generally attracts university students and young professionals, with stunning architecture from castles, grade 2 listed buildings to modern water fronted apartment. A 2 bedroom Victorian terrace at the Via Duct, which attracts a high number of students can be purchased from around £250,000 and a 2 bedroom river facing penthouse apartment in the heart of Durham market at around £325,000. The other surrounding towns and villages vary dramatically in price depending on location, an example being a 3 bedroom semi-detached home in Shincliffe could set you back around £250,000 but a 3 bedroom semi-detached in Ushaw Moor are sold at £66,000.
Durham Castle together with the cathedral was awarded the status of a World Heritage Site in 1986. This has provided international recognition for this unique, historic and scenic site. Situated on a prominent hill top site and encircled by the wooded slopes of the meandering River Wear, the castle oversees the medieval City of Durham with its fascinating narrow streets. Bill Bryson quoted in Notes from a Small Island “I unhesitatingly gave Durham my vote for best cathedral on planet Earth”.
Shincliffe is one of the most affluent villages of Durham and is approximately 1 mile, south on the A177. It was an agricultural area in the middle ages and owned by the Prior of Durham Cathedral. However in more modern times the population grew due to the mining opportunities nearby. It is now a conservation area as has an abundance of historic character and is extremely popular with young professionals and mainly families. Many of the imposing houses are period era and retain their premium prices, and there are more affordable family homes of more modern age.
Reeds Rains Durham City office has an excellent reputation for finding buyers exactly what they are looking for within their budgets and timescales. With an array of properties from buy to let investments, family homes to starter homes we can help. We cover a large area of Durham and happy to assist with your next purchase if it is in Tudhoe, City Centre or any other Durham postcode.
Durham City Centre including Gilesgate, Claypath and Via Duct for student buy to lets. Potters Bank and Crossgate Moor are popular with the more affluent buyers and attract families of high net worth. Whereas Nevilles Cross offers mid range priced semi's and detached and generally attract young , growing families. Buyers get more for their money in the surrounding towns and vistors and more affordable homes.
Durham city centre is very popular for university students and rooms in HMO houses rent at anything from £90 to £120 per week and can include bills. One bedroom furnished modern apartments can rent at anything from around £600 pcm to £750 pcm and if looking at 3 bedroom detached homes in surrounding villages are normally are £850 pcm and 2 bedroom Victorian terraces in more rural locations can normally between £350 pcm and £495 pcm. Durham rental prices vary massively depending on location and the closer to the city centre the higher the prices.
There are several convenient retail parks in Durham including the Arnison Centre near to Pity Me which has Sainsbury's Supermarket, Next, Marks & Spencer, Homebase, MacDonalds and similar high street shores. Dragonville Retail Park is near to Bellmount and Gilesgate and stores include Tesco Supermarket, TK Max, Aldi and in Durham itself has a range of popular High Street stores including Monsoon, Jack Will's, Marks & Spence and more shops within walking distance at Prince Bishop and Durham Gate with car parking facilities.
Durham offers a mix for cultural and leisure facilities and amenities to appeal to all age ranges. From historical tours of the cathedral and castle, idyllic boat trips along the river or just relaxing in one of the popular eateries in one of the cobbled side streets. There is ample night life and numerous bars and nightclubs, for those looking for more relaxed evenings, visitors can enjoy entertainment at the Gala Theatre.
Durham's railway station is a short walk from the city centre and has links to most major cities including Newcastle, York and London. For shoppers and commuters there are park and ride facilities at Belmont, Howlands Farm and Sniperley with buses running every 10 minutes into the Durham city centre and direct bus routes with ample bus stops in the centre. Durham is surrounded by beautiful countryside and there are many country parks and wildlife reserves including Raisby Hill Grasslands and Tudhoe Mill Wood to visit.