2 Bed Terraced House, Refurb/BRRR, Durham, DH7 9PQ, £68,000





ValuationFair Value
Sold Prices | £55K - £145K |
Sold Prices/m² | £655/m² - £2.1K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £998/m² |
Value Estimate | £68,000 |
| |
End Value (After Refurb) | £87,167 |
Uplift in Value | +25% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £17,000 |
Stamp Duty & Legal Fees | £3,300 |
Refurb Costs | £26,073 |
Bridging Loan Interest | £1,785 |
Total Cash In | £49,908 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £87,167 |
Mortgage (After Refinance) | £65,375 |
Mortgage LTV | 75% |
Cash Released | £14,375 |
Cash Left In | £35,532 |
Equity | £21,792 |
Rent Range | £500 - £3,000 |
Rent Estimate | £889 |
Running Costs/mo | £470 |
Cashflow/mo | £419 |
Cashflow/yr | £5,026 |
ROI | 10% |
Gross Yield | 16% |
Local Sold Prices
30 sold prices from £55K to £145K, average is £83.3K. £655/m² to £2.1K/m², average is £1.1K/m².
Local Rents
47 rents from £500/mo to £3K/mo, average is £675/mo.
Local Area Statistics
Population in DH7 | 40,931 |
Population in Durham | 124,445 |
Town centre distance | 5.13 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 4.85 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +35% |
Sales demand | Seller's market |
Capital growth (5yrs) | +19% |
Property History
Price changed to £68,000
December 4, 2024
Price changed to £70,000
September 25, 2024
Listed for £75,000
July 11, 2024
Sold for £30,000
2019
Sold for £32,000
2002
Floor Plans

Description
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