2 Bed Flat, Potential PLO/LOA, Durham, DH1 5BY, £80,000

20 Victoria Court, Durham, DH1 5BY - 3 views - 3 years ago

Leasehold
Auction
Negative Equity
ROI: 10%
56 m²
+5 photos

ValuationUndervalued

Sold Prices£48K - £325K
Sold Prices/m²£823/m² - £4K/m²

 

 

Square Metres

56 m²
Price/m²£1.4K/m²

Value Estimate

£94,038
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£650 - £1,795

Rent Estimate

£575

Running Costs/mo

£385

Cashflow/mo

£190

Cashflow/yr

£2,280

ROI

10%

Gross Yield

9%

Local Sold Prices

43 sold prices from £48K to £325K, average is £97.5K. £823/m² to £4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£147K07/230.27 mi24, Barrington Close, Framwellgate Moor, Durham, County Durham DH1 5BX2
£110K06/210.57 mi18, Hutton Way, Durham, County Durham DH1 5BW2
£104K09/220.61 mi19, Hutton Way, Durham, County Durham DH1 5BW2
£134K12/200.62 mi43c, Old Dryburn Way, Durham, County Durham DH1 5SE2
£77K06/210.73 mi29, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£74K11/200.73 mi31, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£85K02/210.73 mi18, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£97.5K04/230.73 mi10, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£110K11/220.73 mi23, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£49K09/200.85 mi39, Chillingham Road, Durham DH1 5NA2
£75K04/210.92 mi23, Halton Road, Durham DH1 5YJ2
£70K12/200.92 mi35, Halton Road, Durham, County Durham DH1 5YJ2
£87K08/220.94 mi76, Lindisfarne Road, Durham, County Durham DH1 5YQ2
£86.5K02/210.95 mi66, Middleham Road, Durham DH1 5QH2
£80K06/210.98 mi10, Hamsterley Crescent, Durham DH1 5SS2
£80K06/210.98 mi10, Hamsterley Crescent, Durham DH1 5SS2
£82.6K01/210.99 mi21, Auckland Road, Durham DH1 5PL2
£48K03/211.02 mi107, Carr House Drive, Durham, County Durham DH1 5XW2
£86K08/221.02 mi111, Carr House Drive, Durham, County Durham DH1 5XW2
£68K10/201.05 mi71, Rochester Road, Durham DH1 5PW2
£88K10/201.07 mi82, Rothbury Road, Durham DH1 5QB2
£87.5K04/231.1 mi42, Blanchland Avenue, Durham, County Durham DH1 5XP2
£175K02/231.17 mi6, Archers Court, Durham, County Durham DH1 4BP2
£245K03/231.17 mi61, Highgate, Durham, County Durham DH1 4GA2
£235K04/211.22 mi188, York Crescent, Durham, County Durham DH1 5QS2
£260K01/231.25 mi1, Freemans Quay, Durham, County Durham DH1 1SW2
£185K03/211.33 mi13, Freemans Quay, Durham DH1 1SW2
£112.5K02/231.36 mi21, Claypath Court, Durham, County Durham DH1 1QE2
£93K06/231.36 mi41, Claypath Court, Durham, County Durham DH1 1QE2
£103K10/221.36 mi40, Claypath Court, Durham, County Durham DH1 1QE2
£325K11/211.41 miApartment 19, Sylvan House, St Helens Well, Durham DH1 4DB2
£260K04/231.54 miFlat 16, St Andrews Court, New Elvet, Durham, County Durham DH1 3AH2
£188K08/231.54 miFlat 26, St Andrews Court, New Elvet, Durham, County Durham DH1 3AH2
£175K09/201.62 mi16, The Sidings, Durham, County Durham DH1 1HS2
£89K08/211.7 mi74, Prebends Field, Durham, County Durham DH1 1HJ2
£80K02/231.72 mi8, The Firs, Kimblesworth, Chester Le Street, County Durham DH2 3NX2
£104K12/221.72 mi10, The Firs, Kimblesworth, Chester Le Street, County Durham DH2 3NX2
£96K12/201.72 mi5, The Firs, Kimblesworth, Chester Le Street, Durham DH2 3NX2
£155K03/231.76 mi23, St Giles Close, Gilesgate, Durham, County Durham DH1 1XH2
£160K08/211.76 mi33, St Giles Close, Gilesgate, Durham DH1 1XH2
£146K05/211.76 mi22, St Giles Close, Gilesgate, Durham DH1 1XH2
£215K06/231.87 mi6, Lowes Wynd, Durham, County Durham DH1 4NT2
£90K10/221.96 mi1, Eureka Mews, Tan Hills, Chester Le Street, County Durham DH2 3UE2

Local Rents

14 rents from £650/mo to £1.8K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£1,79503/250.08 mi-2
£1,12712/240.09 mi-2
£74012/240.21 miMains Court, Framwellgate Moor2
£96712/240.24 miFinchale Rd, Framwellgate Moor2
£1,25012/240.61 miWoodward Way, Aykley Heads, Durham, DH12
£80012/240.62 miOld Dryburn Way, Durham2
£1,00012/240.67 mi-2
£1,09511/240.67 mi-2
£99503/250.67 mi-2
£1,17512/240.67 miOld Dryburn Way, North End, Durham, DH12
£75012/240.7 miFarrier Close, Pity Me, Durham, DH12
£65012/240.73 miFarrier Close, Pity Me2
£70012/240.75 miHylton Court, Durham, County Durham, DH12
£1,20012/241.18 miHighgate, Durham, County Durham, DH12

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.48 miles away

Nearest school

0.30 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £80,000

-79%

September 22, 2022

Sold for £143,000

2008

Description

  • Two Bedrooms +
  • Upper Flat +
  • Electric Heating +
  • Double Glazing +
  • No Onward Chain +
  • Viewing Recommended +
  • Currently Tenanted at £575pcm +

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. 

COMMUNAL ENTRANCE Staircase to flat. 

ENTRANCE HALL Entrance door and two built in storage cupboards. 

LOUNGE 13' 7" x 11' 6" (4.16m x 3.52m) Double glazed bay window to front, security phone entry system, storage heater and open plan to kitchen area. 

KITCHEN 8' 8" x 6' 11" (2.65m x 2.12m) Fitted with a range of wall and base units with co-ordinating work surfaces over, single drainer sink, built in electric oven and hob, extractor hood, space for washing machine and double glazed window to front. 

BEDROOM 1 11' 3" x 11' 2" (3.45m x 3.41m) Double glazed bay window to rear and storage heater. 

EN-SUITE SHOWER ROOM White three piece suite comprising of pedestal wash hand basin, step in shower cubicle and low level WC, tiled floor, heated towel rail and extractor fan. 

BEDROOM 2 11' 3" x 9' 2" (3.44m x 2.81m) Double glazed window to rear and storage heater.  

BATHROOM/W.C. White three piece suite comprising of panelled bath with shower over, pedestal wash hand basin, low level WC, tiled floor, heated towel rail and extractor fan. 

EXTERNALLY Off road parking bay.

Agent Details

Safe & Secure Properties, Houghton Le Spring

0191 625 1035

Next Steps?

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