2 Bed Terraced House, Refurb/BRRR, Durham, DH1 5LH, £140,000

Bek Road, Newton Hall, Durham, DH1 5LH - 1 views - 7 months ago

Refurb/BRRR
ROI: 1%
~71 m²
+3 photos

ValuationOvervalued

Sold Prices£64.3K - £265K
Sold Prices/m²£960/m² - £5.2K/m²

 

 

Square Metres

~71.40 m²
Price/m²£2K/m²

Value Estimate

£121,975

 

 

End Value (After Refurb)

£139,608

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£27,332

Bridging Loan Interest

£3,675

Total Cash In

£73,157

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£139,608

Mortgage (After Refinance)

£104,706

Mortgage LTV

75%

Cash Left In

£73,157

Equity

£34,902

Rent Range

£650 - £3,250

Rent Estimate

£670

Running Costs/mo

£590

Cashflow/mo

£80

Cashflow/yr

£957

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £64.3K to £265K, average is £133.8K. £960/m² to £5.2K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£117K03/210.05 mi34, Kirkham Road, Durham DH1 5LJ2
£93K04/210.07 mi131, Bek Road, Newton Hall, Durham, County Durham DH1 5LQ2
£130K07/230.15 mi102, Farnham Road, Durham, County Durham DH1 5LN2
£265K06/210.17 mi35, Hylton Road, Durham, County Durham DH1 5LS2
£72K02/230.24 mi8, Hamsterley Crescent, Newton Hall, Durham, County Durham DH1 5SS2
£123K03/210.27 mi32, Bek Road, Durham DH1 5LD2
£105.5K10/200.27 mi55, Bek Road, Newton Hall, Durham, County Durham DH1 5LD2
£97.5K07/230.31 mi96, Caterhouse Road, Durham, County Durham DH1 5HR2
£145K12/200.38 mi9, Raby Road, Durham DH1 5NJ2
£180K12/220.38 mi29, Raby Road, Durham, County Durham DH1 5NJ2
£170K01/210.43 mi74, Raby Road, Durham DH1 5NH2
£225K01/230.44 mi125, Carr House Drive, Durham, County Durham DH1 5XG2
£210K06/230.46 mi5, Rochester Road, Durham, County Durham DH1 5QD2
£191.5K05/210.47 mi93, Canterbury Road, Durham DH1 5QY2
£173K11/200.48 mi35, Norwich Road, Durham, County Durham DH1 5QA2
£229.5K06/230.51 mi29, Worcester Road, Durham, County Durham DH1 5PZ2
£220K06/230.51 mi25, Worcester Road, Durham, County Durham DH1 5PZ2
£185K02/230.51 mi43, Rothbury Road, Newton Hall, Durham, County Durham DH1 5PF2
£145K04/230.51 mi31, Rothbury Road, Newton Hall, Durham, County Durham DH1 5PF2
£173K07/230.51 mi33, Rothbury Road, Newton Hall, Durham, County Durham DH1 5PF2
£98K12/200.54 mi36, Newton Drive, Durham, County Durham DH1 5BE2
£183K02/210.55 mi21, Lichfield Road, Durham, County Durham DH1 5QW2
£108.5K01/210.57 mi41, Lilac Avenue, Durham DH1 5JD2
£161K05/230.61 mi154, York Crescent, Durham, County Durham DH1 5QS2
£172K03/210.61 mi114, York Crescent, Durham, County Durham DH1 5QS2
£240K06/210.61 mi166, York Crescent, Durham DH1 5QS2
£165K01/210.61 mi138, York Crescent, Durham, County Durham DH1 5QS2
£175K01/210.61 mi192, York Crescent, Durham DH1 5QS2
£190K03/210.61 mi178, York Crescent, Durham, County Durham DH1 5QS2
£199.9K04/230.61 mi110, York Crescent, Durham, County Durham DH1 5QS2
£173.5K01/210.67 mi56, York Crescent, Durham DH1 5PU2
£137.5K11/210.75 mi1, The Orchard, Pity Me, Durham, County Durham DH1 5DA2
£105K05/210.75 mi7, Tindale Avenue, Durham DH1 5EW2
£95K06/210.76 mi17, Newcastle Terrace, Durham, County Durham DH1 5EG2
£100.5K04/210.76 mi2, Newcastle Terrace, Durham DH1 5EG2
£85K12/200.76 mi13, Durham Terrace, Durham, County Durham DH1 5EH2
£100K03/210.76 mi25, Durham Terrace, Durham, County Durham DH1 5EH2
£78K12/200.77 mi20, North Terrace, Durham DH1 5EF2
£95.5K07/210.77 mi15, North Terrace, Durham DH1 5EF2
£64.3K02/210.77 mi17, Garden Avenue, Durham, County Durham DH1 5EQ2
£93K10/210.77 mi14, Front Street, Pity Me, Durham, County Durham DH1 5DT2
£116K11/210.77 mi9, Front Street, Pity Me, Durham DH1 5DT2
£75K02/210.82 mi49, Front Street, Pity Me, Durham DH1 5DW2
£110K10/220.82 mi39, Front Street, Pity Me, Durham, County Durham DH1 5DW2
£130K04/210.83 mi41, Hudspeth Crescent, Durham, County Durham DH1 5DZ2
£145K01/210.83 mi1, Abbey Road, Durham, County Durham DH1 5DQ2
£115K03/230.88 mi69, Front Street, Pity Me, Durham, County Durham DH1 5DE2
£128.5K02/210.88 mi11, Anvil Court, Pity Me, Durham DH1 5EL2
£100K05/210.9 mi5, Potterhouse Terrace, Durham DH1 5DL2
£137.5K11/200.91 mi23, The Forge, Pity Me, Durham DH1 5RU2

Local Rents

25 rents from £650/mo to £3.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£70012/240.14 miHylton Court, Durham, County Durham, DH12
£96712/240.52 miFinchale Rd, Framwellgate Moor2
£89512/240.62 miYork Crescent, Durham, DH1 5QR2
£1,25012/240.67 miWoodward Way, Aykley Heads, Durham, DH12
£1,12712/240.73 mi-2
£1,79502/250.77 mi-2
£75012/240.91 miFarrier Close, Pity Me, Durham, DH12
£74012/240.92 miMains Court, Framwellgate Moor2
£65012/240.93 miFarrier Close, Pity Me2
£1,17512/240.96 miOld Dryburn Way, North End, Durham, DH12
£1,00012/240.96 mi-2
£1,09511/240.96 mi-2
£1,05003/250.96 mi-2
£80012/240.97 miOld Dryburn Way, Durham2
£1,75012/241.01 miEdmunds Vale, Durham, DH12
£1,25003/241.01 mi-2
£1,75012/241.02 miEdmunds Vale, The Sands, Durham City2
£1,57512/241.03 miFerens Park, Durham2
£65012/241.05 miPrebends Field - DH12
£3,25012/241.16 mi-2
£1,70011/231.16 mi-2
£2,75012/241.19 miFreemans Quay, Durham City2
£97512/241.21 miMagdalene Heights - DH12
£1,20012/241.21 miHighgate, Durham, County Durham, DH12
£1,25002/251.22 mi-2

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.38 miles away

Nearest school

0.10 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £140,000

August 28, 2024

Floor Plans

Description

  • No Chain +
  • Two Double Bedrooms +
  • Walking Distance to Amenities +
  • Council Tax Band A +
  • DH1 Postcode +
  • Modernisation Needed +

We are pleased to present this two bedroom terraced house in DH1, in ever popular Newton Hall area of Durham. The property is need of some modernisation, and is being sold with no onward chain, so would make an ideal purchase for first time buyers or investors alike, as the property is tenanted until February 2025 at £670pcm.

Being well positioned within walking distance of local shops, schools and amenities, the property is ideally suited for couples, families and professional tenants alike with transport links being within easy reach. Approached via front gardens, the property briefly comprises of the entrance hallway, lounge, breakfast kitchen and utility area while upstairs are two double bedrooms and a family bathroom. Externally the property makes use of enclosed gardens. The property is available to view by calling .

Council Tax Band A
EPC Grade E

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

DCI240484/2

Agent Details

Reeds Rains, Durham City

0191 625 0250

Next Steps?

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