2 Bed Terraced House, Potential PLO/LOA, Durham, DH6 3AQ, £49,950

11 Asquith Street, Durham, DH6 3AQ - 4 views - a year ago

Sold STC

Negative Equity

ROI: 18%

~67 m²

+9 photos

ValuationUndervalued

Sold Prices	£42.5K - £139.9K
Sold Prices/m²	£636/m² - £1.3K/m²

Square Metres	~66.80 m²
Price/m²	£748/m²
Value Estimate	£52,764£52,764
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£12,488£12,488
Stamp Duty & Legal Fees	£2,699£2,699
Total Cash In	£15,186£15,186

Cash Out
Rent Range	£425 - £1,800£425 - £1,800
Rent Estimate	£500
Running Costs/mo	£276£276
Cashflow/mo	£224£224
Cashflow/yr	£2,687£2,687
ROI	18%18%
Gross Yield	12%12%

Local Sold Prices

22 sold prices from £42.5K to £139.9K, average is £64.5K. £636/m² to £1.3K/m², average is £790/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£61K	03/23	0.03 mi	9, Galt Street, Thornley, Durham, County Durham DH6 3AH	£897	68	2	Terraced House
£54.5K	12/20	0.1 mi	1, South Parade, Thornley, Durham, County Durham DH6 3EG	£1,028	53	2	Terraced House
£42.5K	04/23	0.16 mi	2, Albert Street North, Thornley, Durham, County Durham DH6 3AR	£636	67	2	Terraced House
£64K	11/20	0.16 mi	3, Albert Street North, Thornley, Durham DH6 3AR	£1,123	57	2	Terraced House
£75K	05/23	0.48 mi	3, Emmerson Square, Thornley, Durham, County Durham DH6 3EB	£1,136	66	2	Terraced House
£135K	09/21	0.5 mi	2, The Oaklands, Wheatley Hill, Durham, County Durham DH6 3NB	-	-	2	Detached House
£95K	06/23	0.54 mi	33, Gore Hill Estate, Thornley, Durham, County Durham DH6 3DU	£1,301	73	2	Semi-Detached House
£80K	10/21	0.59 mi	79, Luke Terrace, Wheatley Hill, Durham, County Durham DH6 3RY	-	-	2	Semi-Detached House
£48K	03/21	0.68 mi	42, Wheatley Terrace, Wheatley Hill, Durham, County Durham DH6 3RW	-	-	2	Semi-Detached House
£53.5K	12/20	0.68 mi	34, Wheatley Terrace, Wheatley Hill, Durham, County Durham DH6 3RW	£799	67	2	Semi-Detached House
£50K	03/21	0.68 mi	9, Wheatley Terrace, Wheatley Hill, Durham, County Durham DH6 3RW	£735	68	2	Semi-Detached House
£65K	07/21	0.68 mi	14, Jack Lawson Terrace, Wheatley Hill, Durham, County Durham DH6 3RT	£774	84	2	Semi-Detached House
£51K	04/21	0.68 mi	10, Jack Lawson Terrace, Wheatley Hill, Durham, County Durham DH6 3RT	£748	68	2	Semi-Detached House
£75K	06/21	0.69 mi	37, Quetlaw Road, Wheatley Hill, Durham, County Durham DH6 3SB	£1,027	73	2	Semi-Detached House
£139.9K	03/23	0.76 mi	36, Weardale Park, Wheatley Hill, Durham, County Durham DH6 3QQ	-	-	2	Semi-Detached House
£50K	09/21	0.78 mi	1, Stoker Crescent, Wheatley Hill, Durham, County Durham DH6 3RP	£667	75	2	Semi-Detached House
£53K	03/21	0.79 mi	99, Dunelm Road, Thornley, Durham, County Durham DH6 3HY	£697	76	2	Terraced House
£43K	01/21	0.81 mi	65, Johnson Estate, Wheatley Hill, Durham, County Durham DH6 3LH	£660	65	2	Semi-Detached House
£117.5K	05/23	0.85 mi	44, Johnson Estate, Wheatley Hill, Durham, County Durham DH6 3LQ	-	-	2	Semi-Detached House
£75K	02/21	0.89 mi	12, Lynn Terrace, Wheatley Hill, Durham DH6 3QN	£781	96	2	Terraced House
£91.5K	04/23	0.92 mi	30, Bevan Crescent, Wheatley Hill, Durham, County Durham DH6 3LS	£1,334	69	2	Semi-Detached House
£90K	04/23	0.94 mi	17, Dunelm Road, Thornley, Durham, County Durham DH6 3HP	-	-	2	Terraced House

Local Rents

50 rents from £425/mo to £1.8K/mo, average is £600/mo.

Rent	Date	Distance	Address	Beds	Type
£500	03/25	0.07 mi	-	2	Terraced House
£600	12/24	0.08 mi	Hartlepool Street North, DH6	4	Detached House
£630	06/23	0.47 mi	-	3	Terraced House
£600	03/23	0.51 mi	-	3	Terraced House
£450	12/24	0.57 mi	Wordsworth Avenue, Wheatley Hill, Durham, DH6 3RE	3	Detached House
£525	02/23	0.61 mi	-	3	Terraced House
£800	04/23	0.63 mi	-	3	Detached House
£650	12/24	0.63 mi	Moor View, Wheatley Hill, Durham, DH6	4	Detached House
£1,800	10/24	0.64 mi	-	3	Semi-Detached House
£595	03/25	0.69 mi	-	2	Terraced House
£550	03/25	0.69 mi	-	2	Terraced House
£620	04/24	0.77 mi	-	2	Semi-Detached House
£750	06/24	0.78 mi	-	3	Semi-Detached House
£600	03/25	0.78 mi	-	2	Semi-Detached House
£425	12/24	0.81 mi	Peter Lee Cottages, Wheatley Hill, Co Durham, DH6	3	Detached House
£600	12/24	0.81 mi	Johnson Estate, Wheatley Hill	3	Detached House
£525	06/24	0.82 mi	-	2	Terraced House
£795	03/25	0.88 mi	-	2	Terraced House
£525	02/25	1.16 mi	-	3	Terraced House
£595	12/24	1.4 mi	Dixon Estate, Shotton	2	Detached House
£535	12/24	1.51 mi	William Morris Terrace, Shotton Colliery, Durham	2	Detached House
£795	02/25	1.6 mi	-	3	Terraced House
£495	12/24	1.75 mi	-	2	Terraced House
£495	12/24	1.75 mi	-	2	Terraced House
£700	12/24	1.75 mi	Burns Terrace, Shotton Colliery	3	Flat
£500	12/24	1.77 mi	Victoria Street, Shotton Colliery, Durham, Durham, DH6 2QN	3	Terraced House
£695	12/24	1.77 mi	Victoria Street, Shotton Colliery, Durham, Durham, DH6 2QN	3	Terraced House
£725	12/23	1.83 mi	-	4	Terraced House
£725	09/23	1.83 mi	-	4	Terraced House
£725	12/23	1.83 mi	-	4	Terraced House
£725	09/23	1.83 mi	-	4	Terraced House
£725	09/23	1.83 mi	-	4	Terraced House
£700	12/24	1.88 mi	-	3	Terraced House
£550	12/24	1.92 mi	-	2	Terraced House
£550	02/25	1.92 mi	-	2	Terraced House
£550	12/24	1.92 mi	Dene Terrace, Shotton Colliery, Durham, DH6	2	Terraced House
£500	06/23	1.94 mi	-	2	Semi-Detached House
£850	10/24	2 mi	The Firs, Wingate, County Durham, TS28	4	Flat
£525	03/25	2.02 mi	-	2	Semi-Detached House
£425	10/24	2.04 mi	-	2	Terraced House
£475	12/24	2.04 mi	-	2	Terraced House
£625	05/24	2.07 mi	-	3	Semi-Detached House
£439	10/24	2.07 mi	-	2	Flat
£485	02/25	2.07 mi	-	2	Flat
£475	02/25	2.07 mi	-	2	Flat
£550	10/24	2.08 mi	Bruce Crescent, Wingate, Durham, TS28 5JJ	2	Detached House
£750	01/25	2.11 mi	-	3	Terraced House
£725	12/24	2.12 mi	-	3	Semi-Detached House
£695	01/25	2.12 mi	-	3	Semi-Detached House
£600	10/24	2.13 mi	-	3	Terraced House

Local Area Statistics

Population in DH6	33,46633,466
Population in Durham	124,445124,445
Town centre distance	6.11 miles away6.11 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	4.83 miles away4.83 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+11%+11%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £49,950

-40%

February 8, 2024

Sold for £69,995

2007

Floor Plans

Description

Two bedrooms +
Terraced property +
No forward chain +
Potential rental return of £500pcm +
Realistically priced +

FANTASTIC INVESTMENT OPPORTUNITY... Pattinson Estate Agents are delighted to welcome to the sales market this two bedroom terraced property situated on Asquith Street in Thornley in County Durham.
The property briefly comprises of: entrance porch, open plan lounge and dining room, two bedrooms and a family bathroom. Externally, the property benefits from an enclosed yard to the rear and a low maintenance garden to the front aspect.
The property would make a great investment opportunity with over a potential 10% yield, or likewise, perfect for first time buyers, or those looking to downsize!
Viewing comes highly recommended as we anticipate a high level of demand in this realistically priced home. To arrange your internal viewing, call our Peterlee office on: .

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Peterlee

0191 625 0949

Next Steps?

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