2 Bed Flat, Single Let, Durham, DH1 1EG, £104,950

Pickering Place, Durham, DH1 1EG - 3 views - 2 years ago

Leasehold
BTL
ROI: 5%
~85 m²
+5 photos

ValuationUndervalued

Sold Prices£42.5K - £260K
Sold Prices/m²£823/m² - £4K/m²

 

 

Square Metres

~85 m²
Price/m²£1.2K/m²

Value Estimate

£125,940
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,238

Stamp Duty & Legal Fees

£4,349

Total Cash In

£30,586

 

 

Cash Out

 

Rent Range

£525 - £1,900

Rent Estimate

£600

Running Costs/mo

£468

Cashflow/mo

£132

Cashflow/yr

£1,584

ROI

5%

Gross Yield

7%

Local Sold Prices

37 sold prices from £42.5K to £260K, average is £89K. £823/m² to £4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£95K05/210.27 mi14, Bishops Close, Durham DH1 2BU2
£92K11/200.75 mi21, Shepherds Court, Gilesgate, Durham, County Durham DH1 1JQ2
£89K08/210.87 mi74, Prebends Field, Durham, County Durham DH1 1HJ2
£140K06/230.88 mi7, Herons Court, Durham, County Durham DH1 2HD2
£126K08/220.88 mi12, Herons Court, Durham, County Durham DH1 2HD2
£155K03/231.31 mi23, St Giles Close, Gilesgate, Durham, County Durham DH1 1XH2
£160K08/211.31 mi33, St Giles Close, Gilesgate, Durham DH1 1XH2
£146K05/211.31 mi22, St Giles Close, Gilesgate, Durham DH1 1XH2
£55K08/221.41 mi13, Mitford Drive, Sherburn Village, Durham, County Durham DH6 1QS2
£42.5K02/231.42 mi35, Mitford Drive, Sherburn Village, Durham, County Durham DH6 1QS2
£72.5K06/231.42 mi31, Mitford Drive, Sherburn Village, Durham, County Durham DH6 1QS2
£87.5K04/231.51 mi42, Blanchland Avenue, Durham, County Durham DH1 5XP2
£87K08/221.6 mi76, Lindisfarne Road, Durham, County Durham DH1 5YQ2
£75K04/211.61 mi23, Halton Road, Durham DH1 5YJ2
£70K12/201.61 mi35, Halton Road, Durham, County Durham DH1 5YJ2
£80K06/211.66 mi10, Hamsterley Crescent, Durham DH1 5SS2
£80K06/211.66 mi10, Hamsterley Crescent, Durham DH1 5SS2
£69K12/221.67 mi11, Glens Flats, High Pittington, Durham, County Durham DH6 1AR2
£90K11/211.72 mi10, Lambton View, Rainton Gate, Houghton Le Spring, Durham DH4 6QL2
£90K11/211.72 mi10, Lambton View, Rainton Gate, Houghton Le Spring, Durham DH4 6QL2
£88K07/231.72 mi19, Lambton View, Rainton Gate, Houghton Le Spring, County Durham DH4 6QL2
£86K08/221.72 mi111, Carr House Drive, Durham, County Durham DH1 5XW2
£98.5K03/221.72 mi18, Lambton View, Rainton Gate, Houghton Le Spring, County Durham DH4 6QL2
£80K12/211.72 mi12, Lambton View, Rainton Gate, Houghton Le Spring, County Durham DH4 6QL2
£48K03/211.73 mi107, Carr House Drive, Durham, County Durham DH1 5XW2
£68K10/201.76 mi71, Rochester Road, Durham DH1 5PW2
£82.6K01/211.76 mi21, Auckland Road, Durham DH1 5PL2
£235K04/211.79 mi188, York Crescent, Durham, County Durham DH1 5QS2
£185K03/211.82 mi13, Freemans Quay, Durham DH1 1SW2
£112.5K02/231.84 mi21, Claypath Court, Durham, County Durham DH1 1QE2
£93K06/231.84 mi41, Claypath Court, Durham, County Durham DH1 1QE2
£103K10/221.84 mi40, Claypath Court, Durham, County Durham DH1 1QE2
£260K01/231.9 mi1, Freemans Quay, Durham, County Durham DH1 1SW2
£88K10/201.9 mi82, Rothbury Road, Durham DH1 5QB2
£86.5K02/211.91 mi66, Middleham Road, Durham DH1 5QH2
£260K04/231.92 miFlat 16, St Andrews Court, New Elvet, Durham, County Durham DH1 3AH2
£188K08/231.92 miFlat 26, St Andrews Court, New Elvet, Durham, County Durham DH1 3AH2

Local Rents

21 rents from £525/mo to £1.9K/mo, average is £890/mo.

RentDateDistanceAddressBeds 
£75012/240.01 miPickering Place, Durham, DH12
£82009/240.21 mi-2
£75009/230.21 mi-2
£65012/240.21 miBelmont Court - DH12
£1,55006/230.22 mi-2
£1,90012/240.22 mi-2
£1,90012/240.22 mi-2
£1,90012/240.22 mi-2
£1,70003/250.22 mi-2
£80009/240.22 mi-2
£95008/240.25 mi-2
£55012/240.26 miBishops Close, Belmont2
£88008/230.26 mi-2
£89003/250.26 mi-2
£89011/240.29 mi-2
£70004/240.37 mi-2
£85008/230.37 mi-2
£90006/240.37 mi-2
£90010/240.37 mi-2
£1,20012/240.38 miCheveley Court , Durham 2
£52503/230.4 mi-2

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.93 miles away

Nearest school

0.20 miles away

Nearest train station

2.15 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £104,950

January 5, 2023

Floor Plans

Description

  • Beautifully presented two bedroom apartment +
  • En-suite to main bedroom +
  • Allocated parking +
  • Council Tax Band B +
  • Approx. 662sq.ft/ 61 sq.mtrs +
  • EPC Rating C +

We strongly advise viewings to see this beautifully presented, and upgraded, two bedroom first floor apartment, situated in this purpose built block in the Carrville area of the City, providing immediate access to local shopping as well as to local bus routes, major trunk roads to the City Centre and further afield using the A690 and A1(M) as well as providing local access to major retail parks.

The apartment itself is located on the first floor accessed by communal stair case and landing.

The entrance hall leads to the bathroom with bath, WC and washbasin. Onwards to the two bedrooms, one a single and one a double both located at the rear overlooking the car parking area which provides a car parking bay for the apartment owner. The main double bedroom has an En-suite shower room with shower cubicle, Wc and washbasin.

The lounge area is bright and spacious with French doors to a Juliet balcony and access to the kitchen area, fitted with fan assisted oven, electric hob, integrated fridge/freezer and plumbing for a washing machine.

Ideal for a range of buyers, such as first time buyers, those seeking a quality investment opportunity or anyone downsizing perhaps as a result of a partnership separation. With a lengthy lease remaining comprising some 107 years at time of initial marketing. A ground rent of £125 per annum is payable with a service charge of £92.98 per month.

Arrange your viewing now - call Your Move Chris Stonock on .

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QDR220400/2

Agent Details

YOUR MOVE Chris Stonock, Durham

0191 625 1062

Next Steps?

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