4 Bed Terraced House, Cash/Bridging Only, Durham, DH6 4PR, £525,000

Kelloe Hall South, Town Kelloe, Durham, County Durham, DH6 4PR - 10 months ago

Cash
~277 m²
+24 photos

ValuationOvervalued

Sold Prices£60K - £542.5K
Sold Prices/m²£721/m² - £2.7K/m²

 

 

Square Metres

~277 m²
Price/m²£1.9K/m²

Value Estimate

£393,161

 

 

End Value (After Refurb)

£311,606

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£41,200

Refurb Costs

£106,403

Bridging Loan Interest

£13,781

Total Cash In

£294,384

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£311,606

Mortgage (After Refinance)

£233,705

Mortgage LTV

75%

Cash Left In

£294,384

Equity

£77,902

Rent Range

£425 - £1,800

Rent Estimate

£627

Running Costs/mo

£1,119

Cashflow/mo

£-492

Cashflow/yr

£-5,906

Gross Yield

1%

Local Sold Prices

31 sold prices from £60K to £542.5K, average is £173.5K. £721/m² to £2.7K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£165K11/200.95 mi3, Foxton Court, Kelloe, Durham DH6 4NX4
£320K09/221.34 mi20, Harwood Court, Trimdon Grange, Trimdon Station, County Durham TS29 6HU4
£173.5K10/231.36 miSpringfield, Thornley Road, Trimdon Station, County Durham TS29 6DA4
£395K03/221.36 miCleveland House, Thornley Road, Trimdon Station, County Durham TS29 6DA4
£202.5K02/221.39 mi5, Amble Way, Trimdon Grange, Trimdon Station, County Durham TS29 6DZ4
£230K10/201.41 mi23, Crossways Court, Thornley, Durham, County Durham DH6 3GZ4
£450K07/211.51 miBells Range, Dunelm Stables, Thornley, Durham, County Durham DH6 3BN4
£60K11/211.54 mi39, Station Road West, Trimdon Station, Durham TS29 6BP4
£111.6K12/221.6 mi12, Dunelm Road, Thornley, Durham, County Durham DH6 3HP4
£89.5K12/201.63 mi7, Skerne Avenue, Trimdon, Trimdon Station, County Durham TS29 6PS4
£118K04/211.63 mi6, Skerne Avenue, Trimdon, Trimdon Station, County Durham TS29 6PS4
£78K06/211.64 mi48, Wheatley Terrace, Wheatley Hill, Durham, County Durham DH6 3RW4
£168.5K06/211.71 mi17, Ellerby Mews, Thornley, Durham DH6 3FB4
£127K12/231.75 mi19, Cinnamon Drive, Trimdon Station, County Durham TS29 6NY4
£151.5K04/211.75 mi36, Cinnamon Drive, Trimdon Station, County Durham TS29 6NY4
£187.5K04/211.75 mi10, Cinnamon Drive, Trimdon, Trimdon Station, Durham TS29 6NY4
£132K01/211.75 mi28, Cinnamon Drive, Trimdon Station, Durham TS29 6NY4
£132.5K05/231.75 mi7, Cinnamon Drive, Trimdon Station, County Durham TS29 6NY4
£131K09/231.75 mi8, Cinnamon Drive, Trimdon Station, County Durham TS29 6NY4
£216.5K02/231.75 mi3, Broadway Avenue, Trimdon, Trimdon Station, County Durham TS29 6PU4
£175K02/211.77 mi38, Cottingham Grove, Thornley, Durham, County Durham DH6 3EJ4
£199.9K11/211.77 mi10, Cottingham Grove, Thornley, Durham DH6 3EJ4
£235K12/221.77 mi6, Cottingham Grove, Thornley, Durham, County Durham DH6 3EJ4
£280K12/231.82 miManor Garth, Front Street South, Trimdon, Trimdon Station, County Durham TS29 6LZ4
£325K08/211.92 mi13, Coronation Terrace, Trimdon, Trimdon Station, County Durham TS29 6PQ4
£325K08/211.93 mi13, Coronation Terrace, Trimdon, Trimdon Station, County Durham TS29 6PQ4
£542.5K03/231.93 miHigh Wells House, Front Street North, Trimdon, Trimdon Station, County Durham TS29 6PG4
£85K04/211.93 mi42, Front Street North, Trimdon, Trimdon Station, County Durham TS29 6PG4
£68.5K04/241.93 mi38, Front Street North, Trimdon, Trimdon Station, County Durham TS29 6PG4
£330K06/231.94 mi4, Garden Mews, Trimdon, Trimdon Station, County Durham TS29 6FA4
£137K08/211.95 mi18, Meadow View, Wheatley Hill, Durham DH6 3ND4

Local Rents

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

RentDateDistanceAddressBeds 
£60010/230.83 mi-2
£50006/231.08 mi-2
£58507/241.15 mi-2
£59504/241.18 mi-3
£75002/241.22 mi-3
£65005/241.27 mi-3
£52510/241.28 mi2 St Albans Terrace, Trimdon Grange2
£55010/241.32 miSouth View, Trimdon Grange 3
£60001/251.35 mi-2
£60003/251.49 mi-2
£79503/251.55 mi-2
£43910/241.55 mi-2
£48502/251.55 mi-2
£47502/251.55 mi-2
£42510/241.57 mi-2
£47512/241.57 mi-2
£42512/241.6 miPeter Lee Cottages, Wheatley Hill, Co Durham, DH63
£65010/241.64 mi-3
£65004/241.64 mi-3
£60012/241.65 miJohnson Estate, Wheatley Hill3
£52503/251.65 mi-2
£62004/241.66 mi-2
£70003/251.69 mi-3
£52506/241.73 mi-2
£67504/241.76 mi-4
£1,80009/241.78 mi-3
£45012/241.8 miWordsworth Avenue, Wheatley Hill, Durham, DH6 3RE3
£52502/231.83 mi-3
£50010/241.87 mi-2
£60003/231.89 mi-3
£63006/231.9 mi-3
£57501/251.93 mi-3
£60012/241.96 miHartlepool Street North, DH64
£55010/241.97 miFront Street North, Trimdon, Trimdon Station2
£70012/242.01 miThe Avenue, Coxhoe, Durham, Durham, DH62
£50003/252.01 mi-2
£65012/242.04 miGrange Way, Bowburn, Durham, DH62
£65010/242.05 miHope Close, Trimdon, Trimdon Station, Durham, TS293
£65012/242.06 miMoor View, Wheatley Hill, Durham, DH64
£85012/242.06 miBrowning Hill, Coxhoe, Durham, DH63
£80004/232.07 mi-3
£49510/242.09 miSwainby Road, Trimdon, Trimdon Station, Durham, TS292
£80012/242.12 miMajolica Mews, DH64
£1,07503/252.15 mi-2
£75010/242.16 mi-3
£80010/242.16 mi-3
£75002/252.16 mi-3
£59503/252.18 mi-2
£55003/252.18 mi-2
£48011/242.2 mi-1

Local Area Statistics

Population in DH6

33,466

Population in Durham

124,445

Town centre distance

6.02 miles away

Nearest school

0.90 miles away

Nearest train station

6.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £525,000

March 20, 2025

Listed for £550,000

June 3, 2024

Floor Plans

Description

  • Characterful Property +
  • Grade II Listed +
  • Spacious & Flexible +
  • Fantastic Countryside Views +
  • Expansive & Attractive Gardens +
  • 15 Minutes to Durham Centre +

Accommodation in BriefHall | Sitting Room | Conservatory | Kitchen | Dining Room | First Floor Drawing Room/Bedroom | First Floor Bedroom | Shower Room | Three Second Floor Bedrooms | Bathroom | Cellar

Front Patio | Rear Gardens | Outdoor Seating Area | Two Sheds | Extensive Additional Gardens | Outbuildings | Communal Parking

The Property
Kelloe South Hall is an attractive and expansive property forming part of Kelloe Hall and surrounded by glorious County Durham countryside. The original hall dates back to the early-mid 18th century, possibly incorporating an even earlier structure. Kelloe Hall is the reputed site of the home of one of Durham's Prince Bishops, Richard de Kellaw, in the fourteenth century, as well as being a courthouse after the civil war. The Hall was later owned by the Londonderrys in the nineteenth century. The history of the Grade II Listed building is reflected in the elegant lime-rendered brick and rubble construction beneath a Welsh slate roof and a host of period features. Thoughtful updates have created beautiful living spaces, and the property further benefits from a pleasant garden, further generous additional garden adjacent, and countryside views.  The property is within easy reach of Durham City Centre and all nearby amenities, providing a perfect commuter home for a host of businesses and major local employers such as Durham Hospital. Durham offers a remarkable range of cultural opportunities including the magnificent cathedral and castle. The front door opens to a hallway and onwards to the welcoming central hall, leading to the ground floor accommodation, a wide and elegant staircase to the first floor and concealed access to the cellar. The expansive sitting room sits to the rear with a grand fireplace housing a woodburning stove. The high ceiling adds to the sense of space and the room is filled with natural light from glazed double doors that open to the beautiful conservatory. This is a hugely attractive place to relax or entertain with views drawing the eye down the private rear garden, through a thoughtfully positioned hedge arch to the countryside beyond.

The kitchen and dining room are positioned to the front elevation and flow together naturally with tumbled slate flooring running throughout. A striking inglenook with range cooker and attractive wooden cabinetry with creates a traditional country house atmosphere that perfectly represents the property. The dining room has ample space for a large table and chairs and an original cast iron range to one side.

The spindled staircase rises gently to a half landing with a wonderful window seat overlooking the rear garden and the landscape beyond, then continues to the spacious first floor landing. Another reception room is located on the first floor to make the most of the elevated position. This inviting drawing room features a window seat, again with magnificent views, and an impressive stone fireplace with a woodburning stove. This room could become a fifth bedroom should it be required. There is a bedroom on this floor with an adjacent shower room with suite comprising walk-in shower, wash hand basin and WC.

A second staircase leads up to the second floor and three lovely bedrooms. Each room has a soaring vaulted ceiling with exposed ceiling beams bringing space and character. The décor is tasteful and relaxing, with neutral colour palettes bathed in an abundance of light. The views from the bedrooms are truly splendid. These bedrooms are served by a stunning bathroom with contemporary suite comprising freestanding rolltop bath, separate shower, wash hand basin and WC, all wrapped in gleaming tiling.

Externally
Kelloe Hall South benefits from extensive gardens that offer outstanding outside space in which to enjoy the unspoiled surroundings. A patio area at the front of the house is has room to sit amongst colourful plantings. The rear garden stretches away from the conservatory with mature hedging providing privacy. A pathway runs through the lawns to a hedge arch. Passing through the arch leads to a further garden with two sheds and a seating area. Panoramic views sweep across open countryside.

A few steps from the house and garden is a separate large garden which extends to another 0.25 acres. Lawns roll between mature trees bringing shelter and peace. Brick-built outbuildings and a raised brick planting area will appeal to keen horticulturalists.

Local Information
Town Kelloe is a small hamlet surrounded by wonderful countryside yet within easy reach of the A1(M) to the west and the A19 to the east. The location is ideal for those wishing to enjoy the countryside yet be conveniently positioned for schools and all the amenities in local and regional centres. Nearby Coxhoe and Sedgefield offer everyday facilities including convenience stores and medical centre.

The vibrant and historic university city of Durham is within easy reach. Winding cobbled streets lead from the loop of the River Wear up to the dramatic Durham Cathedral and Castle World Heritage Site, providing one of the most stunning city panoramas in Europe. The city offers peaceful riverside walks and the chance to relax in one of the many cafés, restaurants, artisan workshops, boutiques, galleries and museums. Cultural and entertainment venues include the successful Gala Theatre and The Assembly Rooms Theatre, as well as the Palace Green Library.

The extraordinary Durham Cathedral dominates the skyline with the Norman Durham Castle facing it across the Palace Green. To the north of the castle is the 13th century medieval Crook Hall. South of the river, Durham University offers a Botanic Garden with woodland and tropical plants, and the Oriental Museum exhibiting Asian, Egyptian and Middle Eastern artefacts. The city provides comprehensive recreational and shopping facilities. 

For schooling there are a number of primary schools in nearby villages. Durham offers a wide choice of primary and secondary schools together with a choice of private day and boarding schools. 

For the commuter, there are good road connections to Durham City Centre, Newcastle, Tyneside and Wearside. The A1(M) provides access north and south. The rail stations in Darlington in Durham offer main line services to major UK cities north and south. Both Newcastle International Airport and Teeside International Airport are within easy reach.

Approximate Mileages
Coxhoe 3.0 miles | A1(M) Junction 61 4.5 miles | Sedgefield 5.2 miles | Durham City Centre 7.7 miles | Darlington Train Station 17.3 miles | Teeside International Airport 17.4 miles | Newcastle City Centre 25.0 miles | Newcastle International Airport 31.3 miles

Services
Mains electricity and water. Drainage to septic tank. LPG-fired central heating.

Wayleaves, Easements & Rights of Way
The property is being sold subject to all existing wayleaves, easements and rights of way, whether or not specified within the sales particulars.
**
Agents Note to Purchasers**
We strive to ensure all property details are accurate, however, they are not to relied upon as statements of representation or fact and do not constitute or form part of an offer or any contract. All measurements and floor plans have been prepared as a guide only. All services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. Please be advised that some information may be awaiting vendor approval.

Submitting an Offer
Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. To comply with Money Laundering Regulations, we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

Agent Details

Finest Properties, Corbridge

01434 409033

Next Steps?

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