2 Bed Flat, Single Let, Durham, DH7 8NU £70,000

St. Andrews Square, Brandon, Durham, County Durham, DH7 8NU - 2 views - a year ago
Under Offer
Leasehold
BTL
ROI: 9%
~51 m²
Property image
Property image

ValuationUndervalued

Sold Prices£37K - £78K
Sold Prices/m²£650/m² - £1.4K/m²

 

 

Square Metres

~51.40 m²
Price/m²£1.4K/m²

Value Estimate

£93,054
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,600

Total Cash In

£21,100

 

 

Cash Out

 

Rent Range

£380 - £1,650

Rent Estimate

£561

Running Costs/mo

£351

Cashflow/mo

£210

Cashflow/yr

£2,521

ROI

12%

Gross Yield

10%

Local Sold Prices

20 sold prices from £37K to £78K, average is £68K. £650/m² to £1.4K/m², average is £1.3K/m².

Price
Date
Distance
Address
Beds
 
£37K07/240.02 mi11, St Andrews Square, Durham DH7 8NU2
£37K07/240.02 mi11, St Andrews Square, Durham DH7 8NU2
£78K03/250.03 mi12, St Andrews Square, Durham DH7 8NU2
£78K03/250.03 mi12, St Andrews Square, Durham DH7 8NU2
£67.5K07/250.55 mi4, Meadow Rise, Durham DH7 8UH2
£70K04/230.55 mi28, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH2
£68K05/230.55 mi34, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH2
£70K10/210.56 mi30, Meadow Rise, Meadowfield, Durham DH7 8UH2
£68K05/230.56 mi34, Meadow Rise, Durham DH7 8UH2
£67.5K01/240.56 mi38, Meadow Rise, Durham DH7 8UH2
£67.5K01/240.56 mi38, Meadow Rise, Durham DH7 8UH2
£73.3K02/230.57 mi35, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH2
£70K08/230.57 mi32, Meadow Rise, Durham DH7 8UH2
£70K08/230.57 mi32, Meadow Rise, Durham DH7 8UH2
£67K08/240.57 mi33, Meadow Rise, Durham DH7 8UH2
£67K08/240.57 mi33, Meadow Rise, Durham DH7 8UH2
£71K07/230.58 mi20, Meadow Rise, Durham DH7 8UH2
£71K07/230.58 mi20, Meadow Rise, Durham DH7 8UH2
£39K04/230.63 mi15, Forest View, Durham DH7 8XB2
£39K04/230.66 mi15, Forest View, Brandon, Durham, County Durham DH7 8XB2

Local Rents

43 rents from £380/mo to £1.6K/mo, average is £650/mo.

Rent
Date
Distance
Address
Beds
 
£40008/250 miSt Andrews Square, Brandon, Durham2
£40008/250 miSt. Andrews Square, Durham, DH72
£55008/250.01 miSt Andrews Square, Brandon2
£60010/250.01 miSt Andrews Square, Brandon, DH7 8NU2
£60011/250.01 miSt Andrews Square, Brandon, DH7 8NU2
£1,10012/240.08 miLowland Road, Brandon2
£75011/250.21 miBriar Avenue, Brandon, Durham, Durham, DH7 8AJ2
£60006/250.25 miPoplar Lea, Brandon, Durham, DH72
£38508/250.3 miPINE LEA, BRANDON, Durham City : Villages West Of, DH7 8SR2
£66010/240.3 mi-2
£59505/250.31 miPear Lea, Brandon, Durham, County Durham, DH72
£62512/240.33 miPear Lea, Brandon, Durham City, DH72
£65011/250.34 miFrederick Street North, Meadowfield, Durham, DH7 8ND2
£67511/240.35 mi-2
£74508/250.37 miBriar Avenue, Durham, County Durham, DH72
£74508/250.37 miBriar Avenue, Durham, County Durham, DH72
£65004/250.4 mi-2
£39508/250.4 miFrederick Street South, Meadowfield, Durham2
£50011/250.4 miFrederick Street South, Meadowfield, Durham, DH72
£1,65011/250.41 miFrederick Street South, Meadowfield, Durham2
£85011/250.41 miFrederick Street South, Meadowfield, Durham2
£38008/250.41 miCommercial Street, Brandon Durham2
£70002/250.41 mi-2
£75009/250.41 mi-2
£65012/240.41 mi-2
£55008/250.42 miFrederick Street South, Meadowfield, Durham, DH72
£67507/250.43 miTennyson House, 1 Frederick Street North, Meadowfield, Durham, DH7 8NB2
£59511/250.43 miFrederick Street North, Meadowfield, Durham, DH7 8NB2
£39508/250.43 miFrederick Street North, Meadowfield2
£62506/250.44 miFrederick Street North, Meadowfield, Durham2
£65006/250.47 miLangley Moor, Durham2
£65009/250.47 miLangley Moor, Durham2
£43007/250.48 miTennyson House, Meadowfield, Durham, DH72
£70008/250.55 miMeadow Rise, Meadowfield, Durham, Durham, DH7 8UH2
£70012/240.55 miMeadow Rise, Meadowfield, Durham, Durham, DH7 8UH2
£65009/250.55 miMeadow Rise, Meadowfield, Durham2
£72510/250.55 miRoman Road, Brandon, Durham, DH72
£77507/250.55 miMeadow Rise, Meadowfield, DH7 8UH2
£47507/250.55 miMeadow Rise, Meadowfield2
£65006/250.56 miRoman Road, Brandon, Durham, DH7 8UF2
£45008/250.56 miMeadow Rise, Meadowfield, Durham2
£52502/250.57 mi-2
£73510/250.57 miMeadow Rise, Meadowfield, Durham, County Durham, DH72

Local Area Statistics

Population in DH7

40,842

Population in Durham

124,445

Town centre distance

2.87 miles away

Nearest school

0.10 miles away

Nearest train station

2.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £70,000

May 15, 2025

Price changed to £75,000

April 5, 2025

Listed for £80,000

June 25, 2024

Floor Plans

Property image

Description

  • Stunning ground floor apartment. +
  • Two Double Bedrooms +
  • Upgraded over recent years +
  • Spacious open plan lounge dining room +
  • Allocated Parking +
  • Close To Local Shopping Centre +
  • Convenient Bus Services To Durham City +
  • Simply Must Be Viewed +
  • Awaiting EPC +

A beautifully presented versatile two bedroom ground floor apartment.
Situated on the ground floor of this purpose built modern block of four flats, and hence providing easy access for those requiring one floor accommodation, this two bedroom apartment is a must to view.
The apartment has been meticulously maintained, upgraded and updated over recent years, such as new flooring, internal doors and door handles and shower room with vanity sink and double sized shower enclosure with rainfall shower. These enhancements make this a wonderful home for anybody who wants easy living, move-in accommodation presented to a high standard.
Close to all amenities in Brandon and with access to bus routes to Durham and further afield, the property is excellently located for commuters or perhaps those working from home will enjoy the versatility of using the second bedroom as an office or dining room. There is an allocated parking bay to the rear in the communal car park, as well as additional visitor parking.
Internally from the communal ground floor hallway, access is into the apartment hallway leading to a smart open plan lounge dining room. The modern stylish kitchen is plumbed for a washing machine and has an integrated oven and hob with extractor canopy over with space for for fridge freezer. The shower room. The recently refitted shower room is a delight with double sized shower enclosure with rainfall shower, vanity sink and wc with extractor fan and wall mounted heated towel rail. The two bedrooms and both doubles with bedroom two having a built-in storage cupboard. The heating throughout was upgraded in 2023 as well as new flooring to all rooms.
The apartment is covered by a lease of approx. 137 years remaining and is subject to an all in ground rent/service charge/buildings insurance of £140 per month. We strongly recommend viewing of this beautiful home to appreciate the fine presentation and upgraded features on offer.

Agent Details

Dowen, Durham

0191 625 0118

Next Steps?

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