3 Bed Semi-Detached House, Single Let, Durham, DH1 1LE, £275,000

Wearside Drive, Durham, County Durham, DH1 1LE - 6 months ago

Under Offer
BTL
ROI: 15%
~96 m²
+9 photos

ValuationOvervalued

Sold Prices£105K - £680K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~96.06 m²
Price/m²£2.9K/m²

Value Estimate

£211,747

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Total Cash In

£84,950

 

 

Cash Out

 

Rent Range

£1,150 - £2,500

Rent Estimate

£2,400

Running Costs/mo

£1,359

Cashflow/mo

£1,041

Cashflow/yr

£12,488

ROI

15%

Gross Yield

10%

Local Sold Prices

50 sold prices from £105K to £680K, average is £205.8K. £1.2K/m² to £3.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£310K03/210.01 mi21, Wearside Drive, Durham, County Durham DH1 1LE3
£209K05/210.01 mi6, Wearside Drive, Durham, County Durham DH1 1LE3
£215K11/200.08 mi2, Hillcrest, Durham DH1 1RB3
£315K05/230.13 mi4, Kepier Terrace, Durham, County Durham DH1 1JS3
£250K05/230.14 mi4, Mayorswell Close, Durham, County Durham DH1 1JU3
£325K09/210.16 mi30, Ferens Park, Durham DH1 1NU3
£180K01/210.19 mi9, Mayorswell Street, Durham DH1 1LQ3
£212.5K10/220.2 mi2, Mayorswell Street, Durham, County Durham DH1 1LQ3
£160K11/200.22 mi21, Ellis Leazes, Durham DH1 1JJ3
£247.5K04/210.38 mi48, The Sidings, Durham DH1 1HS3
£216K01/210.49 mi7, Heaviside Place, Durham DH1 1JG3
£212K04/230.5 mi11, Long Acres, Durham, County Durham DH1 1JF3
£195K01/230.5 mi44, Long Acres, Durham, County Durham DH1 1JF3
£345K06/230.53 mi8, St Giles Close, Gilesgate, Durham, County Durham DH1 1XH3
£131.5K08/210.59 mi29, Montgomery Road, Durham DH1 1EZ3
£125K04/210.59 mi15, Montgomery Road, Durham, County Durham DH1 1EZ3
£192K02/230.63 mi1, St Leonards, Durham, County Durham DH1 4NH3
£325K04/210.65 mi3, St Margarets Mews, Durham DH1 4DP3
£199.9K12/220.66 mi4, Roosevelt Road, Durham, County Durham DH1 1PR3
£380K05/210.71 mi5, Valeside, Durham, County Durham DH1 4RF3
£280.3K01/230.72 mi4, Nevilledale Terrace, Durham, County Durham DH1 4QG3
£220K03/210.73 mi23, Mackintosh Court, Gilesgate, Durham, County Durham DH1 1PY3
£202.5K11/200.73 mi3, Cartington Road, Durham DH1 5YR3
£220K12/220.73 mi14, Mackintosh Court, Gilesgate, Durham, County Durham DH1 1PY3
£172.5K09/210.74 mi29, Pilgrims Way, Durham DH1 1HB3
£185K07/210.75 mi4, Friars Row, Durham, County Durham DH1 1HF3
£360K11/210.77 mi7, The Avenue, Durham, County Durham DH1 4ED3
£140K03/210.77 mi7, Nuns Row, Durham DH1 1HG3
£355K02/210.77 mi4, North Crescent, Durham, County Durham DH1 4NE3
£130K07/210.78 mi5, North View, Durham, County Durham DH1 2LE3
£130K12/200.79 mi52, Annand Road, Durham, County Durham DH1 1PP3
£150K05/210.79 mi70, Mackintosh Court, Gilesgate, Durham DH1 1PZ3
£237.5K03/210.79 mi71, Mackintosh Court, Gilesgate, Durham DH1 1PZ3
£201.8K03/210.79 mi21, Edlingham Road, Newton Hall, Durham, County Durham DH1 5YS3
£252.5K02/230.8 mi31, Briardene, Durham, County Durham DH1 4QU3
£105K11/200.81 mi33, Edge Court, Durham DH1 2JY3
£120K01/210.81 mi94, Bradford Crescent, Durham DH1 1HW3
£247.5K08/210.82 mi5, Boste Crescent, Durham DH1 5US3
£210K04/210.82 mi23, Boste Crescent, Durham DH1 5US3
£155K07/210.86 mi59, Musgrave Gardens, Durham, County Durham DH1 1PL3
£175K04/230.87 mi14, Musgrave Gardens, Gilesgate, Durham, County Durham DH1 1PN3
£119K11/200.87 mi35, Musgrave Gardens, Durham, County Durham DH1 1PN3
£379K01/230.87 mi18a, Springwell Avenue, Durham, County Durham DH1 4LY3
£680K11/200.87 mi16, Springwell Avenue, Durham DH1 4LY3
£250K10/200.88 mi27, May Street, Durham, County Durham DH1 4EN3
£126K02/210.89 mi36, The Moorlands, Durham, County Durham DH1 2LD3
£185K11/210.89 mi43, Prebends Field, Durham DH1 1HH3
£151K03/210.89 mi93, Musgrave Gardens, Durham, County Durham DH1 1PJ3
£186K02/230.91 mi97, Musgrave Gardens, Gilesgate, Durham, County Durham DH1 1PJ3
£110K07/230.92 mi51, Laurel Avenue, Durham, County Durham DH1 2EZ3

Local Rents

10 rents from £1.1K/mo to £2.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,40012/240.44 mi-3
£2,40012/240.44 mi-3
£2,40008/240.44 mi-3
£2,50012/240.44 mi-3
£1,15012/240.45 miMagdalene Street, Gilesgate3
£2,50012/240.46 mi-3
£2,50002/250.46 mi-3
£2,50001/250.46 mi-3
£2,50002/250.46 mi-3
£2,50012/240.46 miMagdalene Street, County Durham, DH13

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

0.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £275,000

September 12, 2024

Floor Plans

Description

  • Superb Durham City Location +
  • Three Bedrooms +
  • En-suite To Master +
  • Driveway Parking and Garage nearby +
  • Gardens front and Rear +
  • Gas Central Heating +
  • Double Glazing +
  • EPC Rating - E +

This charming property presents a wonderful opportunity to become a cosy family home, full of potential and sure to attract significant interest. Ideally situated just minutes from Durham University, the scenic riverbanks, train station, reputable schools, and vibrant shops, it truly offers the best of both convenience and lifestyle. On the ground floor, the layout includes an entrance porch, a dining room leading into a well-fitted kitchen, and a rear lobby with access to the garden. The spacious dual-aspect lounge, located off the dining room, provides plenty of light and a welcoming atmosphere. Upstairs, you'll find three bedrooms, including a master with an en-suite shower room, and a family bathroom with a W.C. Externally, the property features front and rear gardens, off-street parking, and access to a nearby garage. Set in the heart of Durham, with its renowned Cathedral, top-tier University, an array of restaurants, bars, and shops, and excellent transport links via the train station, this property is also just a short stroll from the picturesque riverbanks and countryside walks. Viewing is highly recommended to fully appreciate all that this exceptional home has to offer.

Agent Details

Dowen, Durham

0191 625 0118

Next Steps?

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