ValuationUndervalued

Sold Prices	£77K - £305K
Sold Prices/m²	£823/m² - £4.4K/m²

Square Metres	~68.11 m²
Price/m²	£1.4K/m²
Value Estimate	£110,400£110,400
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£23,000£23,000
Stamp Duty & Legal Fees	£3,960£3,960
Total Cash In	£26,960£26,960

Cash Out
Rent Range	£425 - £950£425 - £950
Rent Estimate	£650
Running Costs/mo	£438£438
Cashflow/mo	£213£213
Cashflow/yr	£2,550£2,550
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £77K to £305K, average is £119.6K. £823/m² to £4.4K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£90K	05/25	0.01 mi	150, Canterbury Road, Durham DH1 5XT	£1,607	56	2	Flat
£90K	05/25	0.01 mi	150, Canterbury Road, Durham DH1 5XT	-	-	2	Flat
£88K	03/25	0.05 mi	12, Staindrop Road, Durham DH1 5XS	£1,660	53	2	Flat
£88K	03/25	0.05 mi	12, Staindrop Road, Durham DH1 5XS	-	-	2	Flat
£87.5K	04/23	0.07 mi	42, Blanchland Avenue, Durham, County Durham DH1 5XP	£2,188	40	2	Flat
£80K	06/21	0.09 mi	10, Hamsterley Crescent, Durham DH1 5SS	£1,356	59	2	Flat
£87K	08/22	0.18 mi	76, Lindisfarne Road, Durham, County Durham DH1 5YQ	-	-	2	Flat
£86K	08/22	0.21 mi	111, Carr House Drive, Durham, County Durham DH1 5XW	-	-	2	Flat
£86.3K	02/25	0.32 mi	43, Richmond Road, Durham DH1 5NS	£1,627	53	2	Flat
£86.3K	02/25	0.32 mi	43, Richmond Road, Durham DH1 5NS	-	-	2	Flat
£104K	09/22	0.64 mi	19, Hutton Way, Durham, County Durham DH1 5BW	-	-	2	Flat
£110K	06/21	0.65 mi	18, Hutton Way, Durham, County Durham DH1 5BW	-	-	2	Flat
£137K	09/24	0.69 mi	139, Harvey Avenue, Durham DH1 5ZB	£2,635	52	2	Flat
£130K	12/24	0.7 mi	83, Harvey Avenue, Durham DH1 5ZB	£2,955	44	2	Flat
£187.5K	10/24	0.85 mi	18, Shiell Heights, Durham DH1 5TN	£3,178	59	2	Flat
£89K	08/21	0.94 mi	74, Prebends Field, Durham, County Durham DH1 1HJ	£1,679	53	2	Flat
£99K	08/25	0.97 mi	9, Whitfield Court, Durham DH1 5BT	-	-	2	Flat
£190K	09/24	1.05 mi	8, Camsell Court, Durham DH1 5FQ	£3,220	59	2	Flat
£270K	03/25	1.07 mi	17, Edmunds Vale, The Sands, Durham DH1 1BW	-	-	2	Flat
£270K	03/25	1.07 mi	17, Edmunds Vale, The Sands, Durham DH1 1BW	£3,375	80	2	Flat
£110K	11/22	1.09 mi	23, Farrier Close, Pity Me, Durham, County Durham DH1 5XY	£1,864	59	2	Flat
£77K	06/21	1.09 mi	29, Farrier Close, Pity Me, Durham, County Durham DH1 5XY	£1,262	61	2	Flat
£97.5K	04/23	1.09 mi	10, Farrier Close, Pity Me, Durham, County Durham DH1 5XY	£1,320	74	2	Flat
£88K	03/25	1.1 mi	33, Farrier Close, Durham DH1 5XY	£1,517	58	2	Flat
£88K	03/25	1.1 mi	33, Farrier Close, Durham DH1 5XY	-	-	2	Flat
£103.5K	03/25	1.19 mi	21, Churchill Square, Durham DH1 1EU	£1,643	63	2	Flat
£103.5K	03/25	1.19 mi	21, Churchill Square, Durham DH1 1EU	-	-	2	Flat
£147K	07/23	1.19 mi	24, Barrington Close, Framwellgate Moor, Durham, County Durham DH1 5BX	-	-	2	Flat
£175K	03/25	1.2 mi	47e, Old Dryburn Way, Durham DH1 5SE	£2,966	59	2	Flat
£175K	03/25	1.2 mi	47e, Old Dryburn Way, Durham DH1 5SE	-	-	2	Flat
£190K	02/25	1.21 mi	29a, Willowtree Avenue, Durham DH1 1EA	£3,167	60	2	Flat
£260K	01/23	1.28 mi	1, Freemans Quay, Durham, County Durham DH1 1SW	£3,768	69	2	Flat
£157K	05/25	1.32 mi	20, Claypath Court, Claypath, Durham DH1 1QE	£2,379	66	2	Flat
£125K	07/25	1.32 mi	19, Claypath Court, Claypath, Durham DH1 1QE	-	-	2	Flat
£157K	05/25	1.32 mi	20, Claypath Court, Claypath, Durham DH1 1QE	-	-	2	Flat
£112.5K	02/23	1.32 mi	21, Claypath Court, Durham, County Durham DH1 1QE	£1,875	60	2	Flat
£93K	06/23	1.32 mi	41, Claypath Court, Durham, County Durham DH1 1QE	£823	113	2	Flat
£103K	10/22	1.32 mi	40, Claypath Court, Durham, County Durham DH1 1QE	£1,746	59	2	Flat
£155K	03/23	1.35 mi	23, St Giles Close, Gilesgate, Durham, County Durham DH1 1XH	£3,174	49	2	Flat
£160K	08/21	1.35 mi	33, St Giles Close, Gilesgate, Durham DH1 1XH	£2,369	68	2	Flat
£146K	05/21	1.35 mi	22, St Giles Close, Gilesgate, Durham DH1 1XH	£2,212	66	2	Flat
£245K	03/23	1.37 mi	61, Highgate, Durham, County Durham DH1 4GA	£3,145	78	2	Flat
£145K	10/24	1.4 mi	The Grange, 4, Kepier Crescent, Durham DH1 1BF	£1,648	88	2	Flat
£280K	03/25	1.44 mi	1, Clements Wharf, Back Silver Street, Durham DH1 3RP	£4,375	64	2	Flat
£280K	03/25	1.44 mi	1, Clements Wharf, Back Silver Street, Durham DH1 3RP	£4,375	64	2	Flat
£280K	03/25	1.44 mi	1, Clements Wharf, Back Silver Street, Durham DH1 3RP	-	-	2	Flat
£305K	12/24	1.45 mi	St Godrics Court, 6, Castle Chare, Durham DH1 4TY	£3,506	87	2	Flat
£115K	10/24	1.47 mi	29, Shepherds Court, Durham DH1 1JQ	£2,212	52	2	Flat
£124.3K	05/25	1.47 mi	20, Shepherds Court, Durham DH1 1JQ	-	-	2	Flat
£124.3K	05/25	1.47 mi	20, Shepherds Court, Durham DH1 1JQ	£1,827	68	2	Flat

Local Rents

33 rents from £425/mo to £950/mo, average is £600/mo.

Rent	Date	Distance	Address	Beds	Type
£680	07/25	0.03 mi	Canterbury Road, DH1 5XT	2	Flat
£600	08/25	0.04 mi	Barrasford Road, Newton Hall, Durham	2	Flat
£650	07/25	0.06 mi	Blanchland Avenue, Newton Hall, Durham	2	Flat
£600	08/25	0.08 mi	-	2	Flat
£775	08/25	0.08 mi	Blanchland Avenue, Durham, Tyne and Wear	2	Flat
£600	10/25	0.09 mi	Hamsterley Crescent, Durham, DH1	2	Flat
£600	07/25	0.1 mi	Hamsterley Crescent, Newton Hall, Durham, DH1	2	Flat
£425	08/25	0.1 mi	Hamsterley Crescent, Durham, Durham, DH1	2	Flat
£600	06/25	0.11 mi	Barrasford Road, Newton Hall, Durham, DH1 5NB	2	Flat
£650	11/25	0.17 mi	Brancepeth Close, Newton Hall, Durham, DH1	2	Flat
£495	08/25	0.2 mi	Chillingham Road, Newton Hall, Durham	2	Flat
£495	07/25	0.2 mi	Carr House Drive, Newton Hall, Durham, DH1	2	Flat
£600	07/25	0.21 mi	Carr House Drive, Newton Hall, Durham, DH1	2	Flat
£600	08/25	0.21 mi	Carr House Drive, Newton Hall, Durham, DH1	2	Flat
£650	10/25	0.21 mi	Carr House Drive, Newton Hall, Durham, DH1	2	Flat
£800	10/25	0.22 mi	-	2	Flat
£950	07/25	0.22 mi	Chillingham Road, Durham, DH1	2	Flat
£600	08/25	0.27 mi	Rochester Road, Newton Hall, Durham, County Durham, DH1	2	Flat
£650	10/25	0.27 mi	Rochester Road, Newton Hall, Durham, County Durham, DH1	2	Flat
£820	08/25	0.3 mi	Hylton Court - DH1	2	Bungalow
£700	12/24	0.31 mi	Hylton Court, Durham, County Durham, DH1	2	Flat
£950	08/25	0.36 mi	Worcester Road, Newton Hall, Durham, DH1	2	Bungalow
£625	10/25	0.39 mi	Middleham Road, Durham, Durham, DH1	2	Flat
£495	08/25	0.39 mi	Middleham Road, Newton Hall, DH1	2	Flat
£525	08/25	0.45 mi	Alnwick Road, Newton Hall, Durham, County Durham, DH1	2	Flat
£525	09/25	0.45 mi	Alnwick Road, Newton Hall, Durham, DH1	2	Flat
£525	06/25	0.45 mi	Alnwick Road, Newton Hall, DH1	2	Flat
£600	11/25	0.45 mi	Rothbury Road, Newton Hall, Durham, DH1	2	Flat
£895	12/24	0.45 mi	York Crescent, Durham, DH1 5QR	2	Flat
£750	07/25	0.46 mi	Bek Road, Newton Hall, Durham	2	Room
£600	07/25	0.48 mi	Rothbury Road, Durham	2	Flat
£790	08/25	0.5 mi	Bek Road, Newton Hall, Durham, County Durham, DH1	2	Semi-Detached House
£800	07/25	0.59 mi	Caterhouse Rd,Durham,DH1 5HP	2	Semi-Detached House

Local Area Statistics

Population in DH1	49,93849,938
Population in Durham	124,445124,445
Town centre distance	1.48 miles away1.48 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.35 miles away1.35 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-20%-20%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £92,000

August 19, 2024

Floor Plans

Description

Two Bedroom +
Ground Floor Flat +
Recently Extended Lease to 137 Years +
No Upper Chain +
EPC Rating D +
Private Rear Garden +
Garage +
Well Presented +
Viewings Highly Recommended +

* RECENTLY EXTENDED LEASE TO 137 YEARS, NO UPPER CHAIN, WELL PRESENTED, GROUND FLOOR FLAT, PRIVATE REAR GARDEN, GARAGE, VIEWINGS HIGHLY RECOMMENDED *

This two bedroom ground floor flat is located on Canterbury Road in Newton Hall, Durham. The property has recently had a lease extension to 137 years and is being sold with the benefit of vacant possession. The property comprises: an entrance porch, spacious living room, fitted kitchen, two bedrooms and a bathroom. There is a private garden to the rear mostly laid to lawn and a garage located in separate block. Viewings are highly recommended.