3 Bed Semi-Detached House, Single Let, Durham, DH7 8SG, £95,000

West View, Durham, County Durham, DH7 8SG - 5 views - 8 months ago

Sold STC
BTL
ROI: 9%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£60K - £260K
Sold Prices/m²£526/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£117,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Total Cash In

£27,800

 

 

Cash Out

 

Rent Range

£600 - £2,000

Rent Estimate

£653

Running Costs/mo

£447

Cashflow/mo

£206

Cashflow/yr

£2,466

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60K to £260K, average is £120.8K. £526/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£171K02/210.06 mi23, Leesfield Gardens, Meadowfield, Durham, County Durham DH7 8NQ3
£80K05/210.09 mi21, South View, Meadowfield, Durham, County Durham DH7 8SF3
£138K05/230.09 mi21, South View, Meadowfield, Durham, County Durham DH7 8SF3
£145K06/210.1 mi20, Leesfield Road, Meadowfield, Durham DH7 8NJ3
£76K10/200.12 mi5, Burnigill, Meadowfield, Durham, County Durham DH7 8SA3
£95K12/200.16 mi14, Central Avenue, Meadowfield, Durham DH7 8SE3
£145K05/230.19 mi17, Allendale Road, Meadowfield, Durham, County Durham DH7 8XG3
£130K04/210.19 mi17, Allendale Road, Meadowfield, Durham DH7 8XG3
£134.9K03/230.19 mi20, Grove Road, Brandon, Durham, County Durham DH7 8AW3
£110K01/210.22 mi45, Dorlonco Villas, Meadowfield, Durham DH7 8RZ3
£217.5K10/210.22 mi2, Lowland Road, Brandon, Durham DH7 8NN3
£75K02/210.25 mi20, East View, Meadowfield, Durham, County Durham DH7 8RY3
£114.2K03/210.25 mi51, Brecken Way, Meadowfield, Durham, County Durham DH7 8UZ3
£200K03/230.25 mi51, Brecken Way, Meadowfield, Durham, County Durham DH7 8UZ3
£185K01/230.25 mi27, Brecken Way, Meadowfield, Durham, County Durham DH7 8UZ3
£60.5K10/210.28 mi51, Frederick Street South, Meadowfield, Durham DH7 8NA3
£149.9K12/200.29 mi11, Stanhope Close, Meadowfield, Durham, County Durham DH7 8XE3
£87.5K12/200.3 mi14, Victoria Avenue, Brandon, Durham, County Durham DH7 8QH3
£116.5K12/210.32 mi14, Brockwell Court, Brandon, Durham DH7 8QX3
£60K11/200.32 mi2, Middle Grove, Brandon, Durham, County Durham DH7 8TR3
£169K05/230.34 mi17, Penryn Way, Meadowfield, Durham, County Durham DH7 8UU3
£157.5K05/230.37 mi12, Arundel Way, Meadowfield, Durham, County Durham DH7 8UT3
£80K05/230.37 mi10, Commercial Square, Brandon, Durham, County Durham DH7 8QJ3
£86K02/210.39 mi9, Red Courts, Brandon, Durham, County Durham DH7 8QN3
£77.5K12/200.41 mi12, Lime Park, Brandon, Durham DH7 8QD3
£72K11/200.43 mi25, Browney Lane, Browney, Durham, County Durham DH7 8HT3
£98.5K03/210.44 mi63, Scripton Gill, Brandon, Durham, County Durham DH7 8BQ3
£134K10/210.44 mi41, Scripton Gill, Brandon, Durham, County Durham DH7 8BQ3
£92.5K03/210.44 mi75, Scripton Gill, Brandon, Durham, County Durham DH7 8BQ3
£230K09/210.45 mi2, Dove Close, Brandon, Durham, County Durham DH7 8BN3
£260K02/210.45 mi8, Dove Close, Brandon, Durham DH7 8BN3
£82.5K05/230.46 mi70, Alder Park, Brandon, Durham, County Durham DH7 8TJ3
£125K05/210.47 mi76, Scripton Gill, Brandon, Durham, County Durham DH7 8BH3
£140K03/210.47 mi46, Scripton Gill, Brandon, Durham, County Durham DH7 8BH3
£127K12/200.47 mi20, Scripton Gill, Brandon, Durham, County Durham DH7 8BH3
£112K02/210.49 mi33, Cavendish Court, Brandon, Durham DH7 8UL3
£167K06/230.49 miChopgate, Back John Street North, Meadowfield, Durham, County Durham DH7 8RT3
£91K03/230.49 mi17, Grey Gables, Brandon, Durham, County Durham DH7 8QW3
£105K03/230.5 mi2, Commercial Street, Brandon, Durham, County Durham DH7 8PL3
£140K05/230.52 mi1, John Street South, Meadowfield, Durham, County Durham DH7 8RP3
£70K04/210.53 mi27, Alder Park, Brandon, Durham DH7 8TH3
£125K08/210.54 mi90, Cavendish Court, Brandon, Durham, County Durham DH7 8UW3
£145K01/210.54 mi68, Cavendish Court, Brandon, Durham DH7 8UW3
£90K08/210.56 mi22, Beech Park, Brandon, Durham, County Durham DH7 8TL3
£129.9K04/230.56 mi1, Deerness Heights, Brandon, Durham, County Durham DH7 8TQ3
£85K02/210.56 mi37, Deerness Heights, Brandon, Durham DH7 8TQ3
£95K03/230.6 mi54, Dunelm Court, Brandon, Durham, County Durham DH7 8UQ3
£135K06/210.6 mi11, Murrayfield Drive, Brandon, Durham, County Durham DH7 8TG3
£195K07/230.6 mi25, Murrayfield Drive, Brandon, Durham, County Durham DH7 8TG3
£70K12/200.61 mi42, Cherry Park, Brandon, Durham, County Durham DH7 8TN3

Local Rents

12 rents from £600/mo to £2K/mo, average is £713/mo.

RentDateDistanceAddressBeds 
£65012/240.19 miDorlonco Villas, Meadowfield, Durham3
£70011/240.38 mi-3
£1,00012/240.49 miCavendish Court, Brandon3
£70012/240.49 miJohn Street North, Durham, DH73
£69512/240.49 miMidhill Close, Brandon, Durham3
£1,62512/240.5 miJohn Street North, Meadowfield, Durham3
£67512/240.51 miCommercial Street, Durham, DH73
£98003/250.52 mi-3
£72512/240.54 miChurch Square, Brandon, DH73
£72512/240.55 miBeech Park, Brandon, Durham, Durham, DH73
£60012/240.6 miCherry Park, Brandon, Durham, DH73
£2,00012/240.61 mi-3

Local Area Statistics

Population in DH7

40,931

Population in Durham

124,445

Town centre distance

2.93 miles away

Nearest school

0.20 miles away

Nearest train station

2.89 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

September 27, 2024

Listed for £100,000

July 29, 2024

Floor Plans

Description

  • 3 Bed Semi Detached Property +
  • Fantastic Starter Home +
  • Chain Free +
  • Generously Sized Bedrooms +
  • Private Enclosed Rear Garden +
  • Driveway and Garage +

Nicholas Humphreys are delighted to bring to the market this spacious three bed semi-detached home located in Meadowfield. The property is to be offered chain free with a floorplan offering generous living accommodation throughout. Complete with gas central heating and double glazing throughout.

This property is fantastic opportunity for both first-time buyers looking to step onto the property ladder, or investors looking to either enter the property market or add to their portfolio. The home offers a generously sized floorplan briefly comprising; an entrance hallway, ground floor w/c, kitchen, porch, and living room with double french doors leading to the rear garden. Located to the first floor are three sizeable double bedrooms, wet room bathroom as well as access to the loft and boiler cupboard.

To the exterior lies a gated front garden with a shared double driveway leading to the detached garage. To the rear of the home is a private enclosed garden.

Positioned on a generous plot, the property is located in the pleasant village of Meadowfield and is near an abundance of local amenities including shops, pubs / restaurants and leisure facilities. This home further boasts easy and convenient access routes into Durham City, which itself plays host to an abundance of shopping and recreational facilities. Once more the home lies within close proximity to great local schools with easy access to the A690 highway providing fantastic travel routes for commuting purposes.

A viewing is highly recommended to appreciate the potential and size of the home.

Entrance Hallway
Accessed via the front door the entrance hall provides access to the ground floor w/c, kitchen, living room as well as to the staircase leading to first floor. Present is a wall mounted radiator, integrated cupboard located under the staircase and carpets to floors throughout.

Ground Floor W/C 1.30m x 0.91m
Positioned opposite the front door in the entrance hallway, the room is present with a w/c and frosted window. Tiles are present to both the walls and to floors throughout.

Kitchen 3.64m x 2.62m
Positioned to the rear of the property on the ground floor the kitchen comprises wall and base units, laminated worktops, integrated oven and electric hob as well as a plastic / resin sink with dryer. Present also a rear facing double glazed window overlooking the garden, tiles to walls above worktops and plumbing access for both a washing machine and tumble dryer. Vinyl to floors throughout.

Living Room 5.50m x 3.34m
To the ground floor, the living room spans the length of the property comprising of carpets to floors throughout, large front facing window overlooking the front garden, a double wall mounted radiator, feature fireplace as well as double french doors leading to the rear garden.

Bathroom 2.35m x 1.86m
This wet room bathroom is located to the front of the home to the first floor comprising a w/c, pedestal wash hand basin, shower head and hose, shower curtain and a frosted double-glazed window. Tiles to walls and vinyl to floors throughout.

Bedroom One 3.64m x 3.22m
Positioned to the first floor at the rear of the property, this double bedroom comprises an integrated storage cupboard and a single wall mounted radiator. Exposed wooden beam floors present throughout.

Bedroom Two 3.64m x 3.64m
The second bedroom lies to the first floor at the rear of the home and is present with a rear facing double glazed window overlooking the garden and a single wall mounted radiator. Exposed wooden beam floors present throughout.

Bedroom Three 2.88m x 2.87m
This bedroom is found to the first floor at the front of the property comprising carpets to floors throughout, front facing double glazed window and a wall mounted radiator.

Council Tax Band - A

Services - Mains water, gas and electricity are available to the property but none of these, nor any of the appliances attached thereto, have been tested by Nicholas Humphreys, who gives no warranties as to their condition or working order. Telephone subject to suppliers regulations.

Free Valuations - If you have a property to sell please contact us to arrange your free valuation.

Local Authority - Durham County Council, Durham, County Durham, DH1 4SG

Fixtures, Fittings & Appliances - The mention of any fixtures, fittings and/or appliances does not imply they are in full efficient working order.

Internal Photographs - Photographs are reproduced for general information and it cannot be inferred that any item shown is included in the sale.

Measurements - Every care has been taken to reflect the true dimensions of this property but they should be treated as approximate and for general guidance only.

Money Laundering - Where an offer is successfully put forward we are obliged by law to ask the prospective purchaser for confirmation of their identity. This will include production of their passport or driving license and a recent utility bill to prove residence. This evidence will be required prior to solicitors being instructed.

General Note - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on these Particulars of Sale as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this agent's employment has the authority to make or give any representation or warranty in respect of the property.

Hours Of Business - Our office is open Monday to Friday 9am till 5pm.

Agent Details

Nicholas Humphreys, Durham

0191 625 0946

Next Steps?

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