3 Bed Bungalow, Refurb/BRRR, Durham, DH7 0AJ, £95,000

Whitehouse Avenue, Burnhope, County Durham, DH7 0AJ - 8 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£33K - £270K
Sold Prices/m²£516/m² - £3.1K/m²

 

 

Square Metres

~68 m²
Price/m²£1.4K/m²

Value Estimate

£104,995

 

 

End Value (After Refurb)

£131,795

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,350

Refurb Costs

£26,030

Bridging Loan Interest

£2,494

Total Cash In

£58,374

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£131,795

Mortgage (After Refinance)

£98,846

Mortgage LTV

75%

Cash Released

£27,596

Cash Left In

£30,778

Equity

£32,949

Rent Range

£400 - £3,000

Rent Estimate

£659

Running Costs/mo

£564

Cashflow/mo

£95

Cashflow/yr

£1,144

ROI

2%

Gross Yield

8%

Local Sold Prices

38 sold prices from £33K to £270K, average is £174.5K. £516/m² to £3.1K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£262.5K10/200.13 miWhitehouse Lodge, Whitehouse Avenue, Burnhope, Durham, County Durham DH7 0EB3
£128K09/210.16 mi9, Meadowfield, Burnhope, Durham DH7 0EJ3
£106.5K11/200.16 mi64, Meadowfield, Burnhope, Durham, County Durham DH7 0EJ3
£80K01/210.16 mi4, Meadowfield, Burnhope, Durham DH7 0EJ3
£132K03/230.16 mi65, Meadowfield, Burnhope, Durham, County Durham DH7 0EJ3
£165K01/230.17 mi71, Meadowfield, Burnhope, Durham, County Durham DH7 0EJ3
£145K03/211.11 mi26, Burnhopeside Avenue, Lanchester, Durham DH7 0ND3
£136K10/201.11 mi6, Burnhopeside Avenue, Lanchester, Durham, County Durham DH7 0ND3
£230K12/221.13 mi55, Deanery View, Lanchester, Durham, County Durham DH7 0NJ3
£137K08/231.16 mi24, Holmside Avenue, Lanchester, Durham, County Durham DH7 0NB3
£242.5K02/211.18 mi21, Oakwood, Lanchester, Durham DH7 0NP3
£270K06/211.22 mi6, Greenwell Park, Lanchester, Durham DH7 0NW3
£240K01/211.22 mi21, Greenwell Park, Lanchester, Durham DH7 0NW3
£152K12/201.22 mi33, Deanery View, Lanchester, Durham, County Durham DH7 0NH3
£135.5K07/211.27 mi40, Valley Grove, Lanchester, Durham, County Durham DH7 0NN3
£200K03/211.27 mi4, West View, Lanchester, Durham, County Durham DH7 0LW3
£174K03/211.27 mi5, West View, Lanchester, Durham, County Durham DH7 0LW3
£240.5K03/211.48 mi29, Ford Road, Lanchester, Durham, County Durham DH7 0SH3
£190K10/201.49 mi17, Victoria Terrace, Lanchester, Durham DH7 0JB3
£250K06/231.5 mi3, Station Cottages, Lanchester, Durham, County Durham DH7 0HA3
£190K12/201.51 mi8, West Drive, Lanchester, Durham, County Durham DH7 0HQ3
£230K03/231.52 mi7, Millfield, Lanchester, Durham, County Durham DH7 0JD3
£175K12/221.54 mi9, Millfield, Lanchester, Durham, County Durham DH7 0JD3
£210K05/211.6 mi47, Humberhill Drive, Lanchester, Durham DH7 0HH3
£150K03/231.61 mi19, Newbiggen Lane, Lanchester, Durham, County Durham DH7 0PB3
£157.5K07/231.61 mi17, Newbiggen Lane, Lanchester, Durham, County Durham DH7 0PB3
£150K12/221.61 mi31, Newbiggen Lane, Lanchester, Durham, County Durham DH7 0PB3
£195K07/231.64 mi41, Alderside Crescent, Lanchester, Durham, County Durham DH7 0PZ3
£178K11/201.64 mi62, Alderside Crescent, Lanchester, Durham DH7 0PZ3
£197K01/211.64 mi65, Alderside Crescent, Lanchester, Durham, County Durham DH7 0PZ3
£240K12/221.66 mi18, Colepike Road, Lanchester, Durham, County Durham DH7 0HJ3
£153K06/211.68 mi6, Briardene, Lanchester, Durham DH7 0QD3
£213K03/211.71 mi12, Sunnybanks, Lanchester, Durham, County Durham DH7 0JW3
£195K12/201.72 mi42, Foxhills Crescent, Lanchester, Durham DH7 0PP3
£78.5K12/221.81 mi76, Fourth Street, Quaking Houses, Stanley, County Durham DH9 7HD3
£65.5K12/201.89 mi44, Third Street, Quaking Houses, Stanley, Durham DH9 7HA3
£33K11/201.89 mi11, Third Street, Quaking Houses, Stanley, County Durham DH9 7HA3
£132K12/221.95 mi9, Davis Crescent, Langley Park, Durham, County Durham DH7 9UP3

Local Rents

34 rents from £400/mo to £3K/mo, average is £575/mo.

RentDateDistanceAddressBeds 
£52511/231.1 mi-2
£69512/241.18 miOakwood, Lanchester, Durham, DH72
£1,10010/241.46 mi-4
£1,20011/241.46 mi-3
£95011/241.52 mi-4
£50012/242.24 miRailway Street, Langley Park, DH72
£67512/242.26 miDurham Street, Langley Park, Durham, County Durham, DH72
£55012/242.33 miQuebec Street, Langley Park, Durham3
£52512/242.34 miPine Street, Stanley, County Durham, DH92
£42512/242.35 miWylam Street, Stanley, DH92
£49012/242.37 miPoplar Street, Stanley, County Durham, DH92
£50001/252.37 mi-2
£62512/242.37 miSouth View, Annfield Plain, Stanley3
£62512/242.38 miIvy Terrace, Langley Park, Durham, DH73
£65012/242.39 mi-3
£42512/242.39 mi-2
£60012/242.39 miElm Street, Langley Park, Durham, Durham, DH73
£55012/242.4 miPoplar Street, Stanley, County Durham, DH92
£55003/252.4 mi-2
£75012/242.4 miFront Street, Esh, Durham, DH72
£40012/242.41 miMitchell Street, South Moor, Stanley1
£60003/252.42 mi-2
£57512/242.43 miLarch Terrace, Langley Park, Durham, DH72
£3,00012/242.43 mi-4
£3,00001/252.43 mi-4
£3,00003/252.43 mi-4
£57512/242.44 miLime Terrace, Langley Park, Durham, DH7 9SN2
£55012/242.44 miGreylingstadt Terrace, Stanley3
£55002/252.45 mi-2
£55012/242.45 miCatherine Terrace, New Kyo, Stanley2
£75012/242.45 miPark Drive, Langley Park3
£55012/242.46 miHawthorn Terrace, New Kyo, Stanley2
£67512/242.46 miKielder Drive, The Middles, Stanley, County Durham, DH92
£40012/242.46 mi-2

Local Area Statistics

Population in DH7

40,931

Population in Durham

124,445

Town centre distance

6.36 miles away

Nearest school

0.10 miles away

Nearest train station

5.62 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Price changed to £95,000

December 4, 2024

Listed for £104,995

July 18, 2024

Floor Plans

Description

Sylvester Properties would like to welcome to the sales market this charming semi-detached bungalow located in the sought-after area of Burnhope!

This generously sized bungalow compromises of a entrance porch, large lounge, kitchen, wet room and 3 bedrooms, a large garden, patio, and off-street parking. In need of some renovation this property would suit anyone looking for a project offering great potential.

Entrance Porch and Hallway
Benefitting from neutral walls and wood effect flooring.

Lounge 14'4" x 11'8" (4.37m x 3.56m)
Generous family lounge fitted with a feature fireplace and a built-in storage cupboard.

Kitchen 10'2" x 10'10" (3.1m x 3.3m)
Fitted with a range of wall and base units and two double glazed windows.

Wet Room 5'1" x 7'3" (1.55m x 2.2m)
Spacious wet room with a walk-in shower, hand basin and a WC

Master Bedroom 12'3" x 11'5" (3.73m x 3.48m)

Bedroom Two 8'11" x 10'10" (2.72m x 3.3m)

Bedroom Three 7'7" x 7'7" (2.3m x 2.3m)

External
A highlight of this property is the potential of the large gardens. To the front is a spacious enclosed garden.

To the rear of the property is a large enclosed garden with a generous patio area.

Situated in a friendly neighbourhood, this bungalow offers a peaceful retreat while still being conveniently located near local amenities and transport links.

Don't miss out on the opportunity to make this lovely property your new home sweet home!

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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