4 Bed Detached House, Single Let, Durham, DH7 0QS, £395,000

Lanchester Road, Maiden Law, Lanchester, Durham, DH7 0QS - 8 months ago

BTL
~156 m²
+14 photos

ValuationOvervalued

Sold Prices£51K - £365K
Sold Prices/m²£580/m² - £2.5K/m²

 

 

Square Metres

~156.20 m²
Price/m²£2.5K/m²

Value Estimate

£257,945

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£98,750

Stamp Duty & Legal Fees

£28,200

Total Cash In

£126,950

 

 

Cash Out

 

Rent Range

£400 - £1,200

Rent Estimate

£463

Running Costs/mo

£1,347

Cashflow/mo

£-884

Cashflow/yr

£-10,608

Gross Yield

1%

Local Sold Prices

25 sold prices from £51K to £365K, average is £210K. £580/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£365K04/210.05 miHillcrest Cottage, Lanchester Road, Maiden Law, Durham DH7 0QS4
£242K08/211.07 mi23, Victoria Terrace, Lanchester, Durham DH7 0JB4
£264.5K02/211.2 mi2, Barrons Way, Burnhope, Durham, County Durham DH7 0DJ4
£245K12/201.23 mi86, Alderside Crescent, Lanchester, Durham DH7 0PZ4
£250K01/211.24 mi16, Mount Park Drive, Lanchester, Durham DH7 0PQ4
£275K06/211.25 mi10, The Villas, Greencroft, Stanley, County Durham DH9 8PA4
£310K03/211.28 mi21, Lee Hill Court, Lanchester, Durham, County Durham DH7 0QE4
£290.3K10/211.35 miVale View, Durham Road, Lanchester, Durham DH7 0LP4
£300K01/211.35 mi3, Douglas Court, Greencroft, Stanley, County Durham DH9 8UE4
£171.5K04/211.4 mi18, Broadoak Drive, Lanchester, Durham DH7 0QA4
£240K01/211.42 mi19, Foxhills Crescent, Lanchester, Durham DH7 0PW4
£155K12/221.45 mi28, Stanleyburn View, New Kyo, Stanley, County Durham DH9 7GB4
£180K06/211.46 mi5, Briardene, Lanchester, Durham DH7 0QD4
£210K12/201.49 mi76, Meadowfield, Burnhope, Durham DH7 0EL4
£125K05/211.53 mi6, Greenhills, Quaking Houses, Stanley, Durham DH9 7FB4
£190K06/211.53 mi20, Greenhills, Quaking Houses, Stanley, Durham DH9 7FB4
£300K11/201.54 mi23, Oakwood, Lanchester, Durham, County Durham DH7 0NP4
£175K07/231.67 mi19, Cedar Court, Catchgate, Stanley, County Durham DH9 8LY4
£188K05/231.67 mi15, Cedar Court, Catchgate, Stanley, County Durham DH9 8LY4
£162.5K02/211.76 mi1, Bethany Terrace, Stanley, County Durham DH9 8TW4
£51K02/231.86 mi12, Langdon Gardens, Stanley, County Durham DH9 8RW4
£255K10/201.86 miRose Cottage, Harperley Road, Stanley, Durham DH9 8TB4
£147K04/211.87 mi16, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD4
£150K02/211.87 mi12, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD4
£128K03/211.87 mi11, Valiant Way, Catchgate, Stanley, Durham DH9 8FG4

Local Rents

50 rents from £400/mo to £1.2K/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£1,10011/240.87 mi-4
£62512/241.23 miSouth View, Annfield Plain, Stanley3
£65012/241.28 miClavering Place, Stanley, County Durham, DH93
£62502/251.28 mi-2
£1,20011/241.3 mi-3
£75012/241.31 mi-3
£75012/241.31 mi-3
£70012/241.31 mi-3
£80012/241.31 mi-3
£80011/241.31 mi-3
£1,00002/251.31 mi-3
£1,00010/241.31 mi-3
£80003/251.31 mi-3
£80003/251.31 mi-3
£55001/251.32 mi-2
£99512/241.34 miFront Street, Annfield Plain, Stanley, County Durham, DH95
£55012/241.34 miMitchell Street, Annfield Plain, Stanley, County Durham, DH92
£60008/231.34 mi-3
£55012/241.38 miHawthorn Terrace, New Kyo, Stanley2
£52511/231.41 mi-2
£55012/241.42 miCatherine Terrace, New Kyo, Stanley2
£60012/241.47 miHamsterley Gardens, Annfield Plain, Stanley2
£95011/241.5 mi-4
£60012/241.53 miAnnfield Place, ., Stanley, Durham, DH9 8NP2
£69512/241.54 miOakwood, Lanchester, Durham, DH72
£62507/241.58 mi-3
£47512/241.58 miCoronation Terrace, Stanley, Durham, DH92
£49512/241.6 miUnity Terrace, Stanley2
£59510/241.6 mi-2
£75002/251.61 mi-3
£55012/241.62 mi-2
£69507/231.63 mi-3
£57512/241.63 mi-2
£52512/241.65 miPine Street, Stanley, County Durham, DH92
£49012/241.71 miPoplar Street, Stanley, County Durham, DH92
£42512/241.72 mi-2
£40012/241.73 miMitchell Street, South Moor, Stanley1
£50001/251.73 mi-2
£55012/241.78 miPoplar Street, Stanley, County Durham, DH92
£55004/251.78 mi-2
£52512/241.8 mi-2
£1,10012/241.8 mi-4
£55002/251.89 mi-2
£45001/251.91 mi-2
£60012/241.91 mi-3
£60004/251.91 mi-3
£50003/251.92 mi-2
£62503/251.93 mi-3
£50012/241.93 mi-2
£50008/231.93 mi-2

Local Area Statistics

Population in DH7

40,931

Population in Durham

124,445

Town centre distance

7.72 miles away

Nearest school

0.90 miles away

Nearest train station

6.31 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £395,000

August 9, 2024

Floor Plans

Description

  • Four bedroom detached dormer bungalow +
  • lounge, dining room and conservatory +
  • Two bathrooms +
  • Gas Central Heating & Double Glazed +
  • wrap around gardens +
  • Parking for a number of cars +
  • Detached double garage +
  • Freehold and council tax band D +

Fantastic opportunity to purchase this impressive four bedroom detached dormer bungalow located in the popular location of Maiden Law, Lanchester. This property offers good size living accommodation and would be ideal for a growing family. This property has been improved and maintained to a very high standard by the current owner with improvements like the new electrics, wet room, concreated rear garden for parking for a number of cars and a detached double garage. The property benefits from being self contained on the ground floor and has wrap around gardens. Located in the village of Maiden Law is a small hamlet situated on either side of Howden Bank and Lanchester Road on the outskirts of Lanchester Village. Lanchester offers local shops, bars, restaurants and catchment area for St. Bedes Catholic school. There is also excellent road links into Durham and Newcastle. The floorplan comprises Entrance porch, hallway, lounge, dining room, conservatory, kitchen, wet room and two bedrooms. To the first floor two further bedrooms and bathroom. Further benefits include gas central heating, double glazing, wrap around gardens with rear forecourt and double garage. We highly recommend viewing to appreciate everything this fabulous property has to offer.

Council Tax Band: D
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Consett

01207 265931

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.