3 Bed Semi-Detached House, Refurb/BRRR, Durham, DH6 5EL, £169,950

Henry Avenue, Bowburn, Durham, DH6 5EL - 1 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£41.9K - £365K
Sold Prices/m²£590/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£134,979

 

 

End Value (After Refurb)

£170,250

Uplift in Value

+-3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,488

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£35,724

Bridging Loan Interest

£4,461

Total Cash In

£90,872

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£170,250

Mortgage (After Refinance)

£127,688

Mortgage LTV

75%

Cash Released

£225

Cash Left In

£90,647

Equity

£42,563

Rent Range

£525 - £1,500

Rent Estimate

£800

Running Costs/mo

£712

Cashflow/mo

£88

Cashflow/yr

£1,056

ROI

1%

Gross Yield

6%

Local Sold Prices

47 sold prices from £41.9K to £365K, average is £120K. £590/m² to £3.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£145K01/230.05 mi24, Henry Avenue, Bowburn, Durham, County Durham DH6 5EL3
£147K08/210.06 mi1, Marlene Avenue, Bowburn, Durham, County Durham DH6 5EW3
£103.5K02/230.08 mi49, Henry Avenue, Bowburn, Durham, County Durham DH6 5EN3
£140K12/220.11 mi21, Henry Avenue, Bowburn, Durham, County Durham DH6 5EL3
£245K10/210.13 mi5, Dallymore Drive, Bowburn, Durham, County Durham DH6 5ES3
£110K07/210.13 mi14, Mccormick Close, Bowburn, Durham, County Durham DH6 5BY3
£130.5K06/230.22 mi28, Griffiths Court, Bowburn, Durham, County Durham DH6 5FD3
£137K01/210.22 mi35, Griffiths Court, Bowburn, Durham DH6 5FD3
£132K11/200.22 mi4, Griffiths Court, Bowburn, Durham DH6 5FD3
£125K12/220.23 mi16, Margaret Court, Bowburn, Durham, County Durham DH6 5DX3
£120K06/230.25 mi67, David Terrace, Bowburn, Durham, County Durham DH6 5EF3
£121K11/200.3 mi55, Prince Charles Avenue, Bowburn, Durham, County Durham DH6 5DW3
£71K04/210.3 mi5, Prince Charles Avenue, Bowburn, Durham, County Durham DH6 5DJ3
£124.5K11/200.31 mi71, Bell Avenue, Bowburn, Durham, County Durham DH6 5PE3
£97K03/230.32 mi17, William Street, Bowburn, Durham, County Durham DH6 5DY3
£110K11/210.33 mi4, Mary Terrace, Bowburn, Durham, County Durham DH6 5DQ3
£60K10/210.33 mi9, Mary Terrace, Bowburn, Durham, County Durham DH6 5DQ3
£140K10/210.33 mi56, Bell Avenue, Bowburn, Durham, County Durham DH6 5PJ3
£100K07/210.33 mi90, Bell Avenue, Bowburn, Durham, County Durham DH6 5PJ3
£85K07/210.36 mi5, Edward Avenue, Bowburn, Durham, County Durham DH6 5EB3
£110K04/230.36 mi7, Edward Avenue, Bowburn, Durham, County Durham DH6 5EB3
£131.8K12/200.37 mi5, Leyland Close, Bowburn, Durham DH6 5DD3
£75K10/200.4 mi4, St Johns Crescent, Bowburn, Durham, County Durham DH6 5AQ3
£130K11/220.41 mi29, Millford Way, Bowburn, Durham, County Durham DH6 5DE3
£142.5K09/210.48 mi5, Barrington Way, Bowburn, Durham DH6 5QD3
£127K11/200.53 mi48, Runcie Road, Bowburn, Durham DH6 5EY3
£145K03/210.53 mi6, Runcie Road, Bowburn, Durham, County Durham DH6 5EY3
£87K12/200.53 mi5, Slater Place, Bowburn, Durham, County Durham DH6 5PH3
£95K10/200.53 mi6, Slater Place, Bowburn, Durham, County Durham DH6 5PH3
£178K05/210.59 mi30, Broadmeadows, Bowburn, Durham, County Durham DH6 5DA3
£136K04/210.59 mi20, Broadmeadows, Bowburn, Durham, County Durham DH6 5DA3
£80K04/210.65 mi5, Lansdowne Crescent, Bowburn, Durham DH6 5BL3
£98K06/230.65 mi7, Lansdowne Crescent, Bowburn, Durham, County Durham DH6 5BL3
£365K11/220.66 mi52, Telford Close, High Shincliffe, Durham, County Durham DH1 2YJ3
£82.5K03/230.66 mi12, Steavenson Street, Bowburn, Durham, County Durham DH6 5BA3
£67K05/210.66 mi12, Durham Road, Bowburn, Durham DH6 5AT3
£65K10/210.66 mi16, Durham Road, Bowburn, Durham DH6 5AT3
£87K10/210.67 mi21, Steavenson Street, Bowburn, Durham DH6 5AZ3
£84K06/230.67 mi31, Steavenson Street, Bowburn, Durham, County Durham DH6 5AZ3
£58K02/210.67 mi45, Steavenson Street, Bowburn, Durham DH6 5AZ3
£60K06/210.68 mi30, Clarence Street, Bowburn, Durham DH6 5BB3
£80K11/200.77 mi15, Cambridge Terrace, Bowburn, Durham, County Durham DH6 5AY3
£41.9K02/210.86 mi5, The Green, High Shincliffe, Durham DH1 2UB3
£185.1K02/230.86 mi4, The Green, High Shincliffe, Durham, County Durham DH1 2UB3
£250K03/210.93 mi1, Meldon Way, High Shincliffe, Durham DH1 2PZ3
£205K11/200.93 mi21, Meldon Way, High Shincliffe, Durham, County Durham DH1 2PZ3
£261.5K03/210.99 mi7, Foxton Way, High Shincliffe, Durham, County Durham DH1 2PJ3

Local Rents

12 rents from £525/mo to £1.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£79512/240.11 mi21 Henry Avenue, Bowburn, Durham3
£77512/240.27 miCavell Drive, Bowburn, Durham, DH63
£56312/240.31 miGrange Way - DH63
£75012/240.33 miBell Avenue, Bowburn, Durham, DH63
£80012/240.37 miLawson Road, Bowburn3
£1,50012/240.39 mi-3
£1,10011/240.39 mi-3
£52511/240.41 mi-3
£65002/250.41 mi-3
£75012/240.41 miCharlton Court, Bowburn, DH63
£59512/240.44 mi-3
£70012/240.5 mi-3

Local Area Statistics

Population in DH6

33,466

Population in Durham

124,445

Town centre distance

2.93 miles away

Nearest school

0.50 miles away

Nearest train station

3.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £169,950

November 5, 2024

Listed for £175,000

August 9, 2024

Floor Plans

Description

  • Greatly extended +
  • Available with no chain involved +
  • In need of some updating +
  • EPC RATING - D +
  • Large garden +
  • Garage and Driveway +
  • Lots of potential +
  • Three bedrooms +
  • Easy access to Durham City and the A1(M) +
  • Popular location - Early viewing essential +

Venture Properties are delighted to offer the opportunity to purchase with no onward chain, this greatly extended semi detached house with large rear garden and garage in the popular area of Bowburn. The property is within easy reach of Durham City, having superb public transport links and access to local amenities. The property has a flexible layout with the potential for one of the reception rooms to be used as a fourth bedroom, making it ideal for growing families and viewing is highly recommended.

In need of some updating, the property has a floor plan comprising of an entrance hallway, spacious living room with feature fireplace, dining room, conservatory, large family room, fitted kitchen, ground floor bathroom and rear lobby with utility room. To the first floor there are three well proportioned bedrooms and bathroom/WC. Externally there are good sized, enclosed gardens to the front and rear, as well as a garage and driveway for off street parking.

Ground Floor -

Entrance Hall - Welcoming hallway entered via UPVC double glazed door. Having stairs leading to the first floor and radiator.

Living Room - 4.70 x 3.61 (15'5" x 11'10") - Spacious reception room having a UPVC double glazed bay window to the front, a feature fireplace housing an electric fire, coving and radiator.

Dining Room - 3.88 x 2.95 (12'8" x 9'8") - Having a UPVC double glazed patio doors to the conservatory, coving and radiator.

Conservatory - 3.60 x 3.07 (11'9" x 10'0") - With UPVC double glazed windows and french doors opening to the rear garden.

Kitchen - 3.87 x 2.40 (12'8" x 7'10") - The kitchen is fitted with a comprehensive range of wall and floor units having contrasting worktops incorporating a stainless steel sink and drainer unit with mixer tap, a built in oven and hob with extractor over and fridge/freezer space. Further features include a UPVC double glazed window to the rear and understairs storage cupboard.

Family Room - 4.04 x 3.91 (13'3" x 12'9") - A flexible room which can be used to suit the needs of any buyer. It can be used as a reception room or as a ground floor bedroom.

Lobby - Having a UPVC door to the rear garden and radiator.

Utility Room - 2.89 x 1.47 (9'5" x 4'9") - With a UPVC double glazed opaque window to the rear, plumbing for a washing machine, wall mounted combi gas central heating boiler and radiator.

Ground Floor Bathroom - 3.89 x 2.26 (12'9" x 7'4") - Comprising of a bath, shower cubicle, pedestal wash basin, WC, tiled walls, radiator and UPVC double glazed opaque windows to the front and side.

First Floor -

Landing - Having a radiator and access to the loft space.

Bedroom One - 3.91 x 3.26 (12'9" x 10'8") - Generous double bedroom with a UPVC double glazed window to the front, fitted wardrobes, coving and radiator.

Bedroom Two - 3.89 x 2.96 (12'9" x 9'8") - Double bedroom with a UPVC double glazed window to the rear, radiator, coving and fitted wardrobes.

Bedroom Three - 2.98 x 2.55 (9'9" x 8'4") - Further well proportioned bedroom with a UPVC double glazed window to the front, coving, radiator and overstairs cupboard.

Family Bathroom/Wc - 2.14 x 1.94 (7'0" x 6'4") - Comprising of a panelled bath with hand held mixer, a cubicle with electric shower, WC and wash basin. Having tiled splashbacks and UPVC double glazed opaque window to the rear.

External - The property enjoys a good sized plot with an enclosed garden to the front and a large garden to the rear with lawn and patio.

Garage - A single garage with up and over door situated in a block at the bottom of the rear garden with additional driveway parking.

Agent Details

Venture Properties, Durham

0191 625 0135

Next Steps?

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

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