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

10 Albert Terrace, Durham, County Durham, DH7 9PQ - 24 views - 8 months ago

Refurb/BRRR
ROI: 10%
~68 m²
+12 photos

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.

PriceDateDistanceAddressBeds 
£72K03/210.01 mi18, Albert Terrace, Esh Winning, Durham, County Durham DH7 9PQ2
£72.5K10/210.02 mi30, Durham Road, Esh Winning, Durham, County Durham DH7 9NP2
£89K06/230.02 mi2, The Bungalows, Esh Winning, Durham, County Durham DH7 9PD2
£72.5K09/210.02 mi16, The Bungalows, Esh Winning, Durham DH7 9PD2
£68K10/210.06 mi13, Burnell Road, Esh Winning, Durham DH7 9PB2
£61K05/230.06 mi8, Burnell Road, Esh Winning, Durham, County Durham DH7 9PB2
£70K07/230.08 mi3, George Street, Esh Winning, Durham, County Durham DH7 9PF2
£70K05/230.12 mi13, Newhouse Road, Esh Winning, Durham, County Durham DH7 9JU2
£55K11/200.12 mi12, Newhouse Road, Esh Winning, Durham DH7 9JU2
£55K08/210.12 mi29, Newhouse Road, Esh Winning, Durham DH7 9JU2
£90K12/220.18 mi27, South Terrace, Esh Winning, Durham, County Durham DH7 9PR2
£80K02/230.22 mi18, Station View, Esh Winning, Durham, County Durham DH7 9HR2
£82K07/230.3 mi47, South Terrace, Esh Winning, Durham, County Durham DH7 9PS2
£106K09/210.3 mi54, South Terrace, Esh Winning, Durham DH7 9PS2
£73K03/210.39 mi21, Dene Park, Esh Winning, Durham, County Durham DH7 9JE2
£87.5K12/220.5 mi11, Castle View, Esh Winning, Durham, County Durham DH7 9LW2
£90K03/230.52 mi3, Castle View, Esh Winning, Durham, County Durham DH7 9LW2
£84.5K07/230.65 mi2, Deerness Grove, Esh Winning, Durham, County Durham DH7 9LY2
£100K05/230.65 mi18, Cliffords Gate, Esh Winning, Durham, County Durham DH7 9LX2
£108K12/221.28 mi8, Hill Crest, Esh, Durham, County Durham DH7 9QX2
£88K04/211.35 mi1, Hall Road, Esh, Durham, County Durham DH7 9QZ2
£75K06/211.39 mi11, Front Street, Quebec, Durham DH7 9DF2
£145K11/211.41 mi3, Front Street, Esh, Durham DH7 9QR2
£101K12/221.45 mi9, Church View, Quebec, Durham, County Durham DH7 9DQ2
£135K11/211.49 mi6, Consett Terrace, Esh, Durham DH7 9QT2
£130K01/231.5 mi50, Hedley Hill Terrace, Waterhouses, Durham, County Durham DH7 9AZ2
£116K11/211.58 mi29, Hedley Hill Terrace, Waterhouses, Durham, County Durham DH7 9BA2
£85K09/211.58 mi35, Hedley Hill Terrace, Waterhouses, Durham DH7 9BA2
£80K05/211.58 mi34, Hedley Hill Terrace, Waterhouses, Durham DH7 9BA2
£82K05/211.61 mi5, Commercial Street, Cornsay Colliery, Durham, County Durham DH7 9BN2

Local Rents

47 rents from £500/mo to £3K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£70012/240.02 miDurham Road, Esh Winning3
£2,24003/240.03 mi-2
£67512/240.05 mi-3
£1,25008/240.1 mi-4
£60012/240.13 miWest View, Esh Winning, County Durham2
£57512/240.26 miSouth Terrace, Esh Winning, Durham, Durham, DH7 9PS2
£57512/240.3 miSouth Terrace, Esh Winning2
£59501/250.38 mi-3
£59512/240.38 mi-3
£80012/240.44 miKingfisher Close, Esh Winning, Durham, DH73
£64503/250.5 mi-2
£1,20012/241.18 mi-1
£3,00012/241.33 mi-4
£3,00001/251.33 mi-4
£3,00003/251.33 mi-4
£75012/241.41 miFront Street, Esh, Durham, DH72
£85002/251.57 mi-2
£65002/251.81 mi-3
£84910/242 mi-4
£80012/242.1 mi-2
£65011/232.1 mi-2
£60012/242.1 mi-3
£55012/242.13 miWaltons Terrace, New Brancepeth, Durham2
£78512/242.15 mi-3
£78502/252.15 mi-3
£1,05012/242.19 mi-3
£55012/242.21 miTemperance Terrace, Ushaw Moor, County Durham2
£1,40012/242.24 miMorley Lane, Brancepeth, Durham, DH73
£60003/252.25 mi-2
£62512/242.26 miIvy Terrace, Langley Park, Durham, DH73
£65012/242.27 miFlass Terrace, Ushaw Moor, Durham3
£1,25012/242.28 miGrant Close, Ushaw Moor, Durham, DH74
£55012/242.3 miQuebec Street, Langley Park, Durham3
£2,20003/252.31 mi-3
£57512/242.32 miArthur Street, Ushaw Moor, Durham, DH73
£67512/242.32 miDurham Street, Langley Park, Durham, County Durham, DH72
£62012/232.32 mi-2
£75012/242.36 miPark Drive, Langley Park3
£70009/242.36 mi-2
£60012/242.36 miElm Street, Langley Park, Durham, Durham, DH73
£50012/242.37 miRailway Street, Langley Park, DH72
£57512/242.39 miLarch Terrace, Langley Park, Durham, DH72
£2,40012/242.39 mi-3
£57512/242.39 miLime Terrace, Langley Park, Durham, DH7 9SN2
£75012/242.41 miBoundary Close, Ushaw Moor, Durham2
£67502/252.43 mi-3
£65012/242.43 mi-3

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

Igomove are pleased to bring to the market this excellent prospect, offered with vacant possession assured and in need of some updating. This deceptively spacious terraced house in the semi-rural, popular village of Esh Winning would suit a first time buyer looking to put their own stamp on a property, or an investor. The property has had a new pitched roof within 7 years, plus a new flat roof in the last 4months. The property compromises of; two bedrooms, both of which are double, main with en-suite facilities, large lounge diner, full length rear extension comprising of good sized kitchen & family bathroom, rear courtyard. The property benefits from double glazing & gas central heating. Esh Winning, home to the famous Fields fish & chip shop, is nestled in the beautiful County Durham countryside with an abundance of walking and cycling routes nearby via the old railway lines. Close to a good range of amenities, with primary schools, a good selection of shops, takeaways, butchers, bakers and access to bus services to Durham city, as well as good road links around the North East. A great refurbishment opportunity.
Contact Igomove today to view.
VACANT POSESSION!! NO ONWARD CHAIN!!
FREEHOLD
Local Authority Durham Tax Band A

Well presented walled frontage, with canopy over front white uPVC door into entrance hallway;
Cloakroom area with door leading into;
Spacious Lounge/diner with large front facing window, central gas fireplace plus rear facing window.
Galley kitchen with an array of base and wall units in wood effect with contrasting black worktops, integrated oven, ceramic hob and extractor. Space and plumbing for washing machine and tumble dryer, sink with mixer tap and large window to the rear courtyard.
Access to backyard through rear hallway with space for large fridge freezer.
Family bathroom with full white suite and window to the rear courtyard.
Stairs leading to the first floor landing with a large walk -in storage cupboard and access to;
Bedroom one is a large double located to the front of the property with large window.
Bedroom two is a further double room with window to the rear elevation, with an en-suite shower room and walk-in storage cupboard.
The rear courtyard has a new secure wooden fence, rear gate leads onto back lane where on street parking is ample.
This property with a recently NEW ROOF, provides a great opportunity for some additional value adding improvements, still a lot of house for your money in a popular location. Please contact Igomove today to view.
CALL:

Agent Details

igomove, Hartlepool

01429 801165

Next Steps?

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