6 Bed Terraced House, Cash/Bridging Only, Durham, DH1 4QP, £1,200,000





ValuationUndervalued
Sold Prices | £135K - £900K |
Sold Prices/m² | £1.1K/m² - £5.2K/m² |
| |
Square Metres | ~445.70 m² |
Price/m² | £2.7K/m² |
Value Estimate | £1,234,493£1,234,493 |
BMV | 3% |
| |
End Value (After Refurb) | £1,173,942£1,173,942 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £300,000£300,000 |
Stamp Duty & Legal Fees | £122,450£122,450 |
Refurb Costs | £170,612£170,612 |
Bridging Loan Interest | £31,500£31,500 |
Total Cash In | £626,312£626,312 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £1,173,942£1,173,942 |
Mortgage (After Refinance) | £880,456£880,456 |
Mortgage LTV | 75%75% |
Cash Left In | £626,312£626,312 |
Equity | £293,485£293,485 |
Rent Range | £672 - £5,308£672 - £5,308 |
Rent Estimate | £1,960 |
Running Costs/mo | £4,081£4,081 |
Cashflow/mo | £-2,121£-2,121 |
Cashflow/yr | £-25,447£-25,447 |
Gross Yield | 2%2% |
Local Sold Prices
45 sold prices from £135K to £900K, average is £397.5K. £1.1K/m² to £5.2K/m², average is £2.8K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£460K | 03/21 | 0.02 mi | 60, South Street, Durham, County Durham DH1 4QP | £2,451 | 188 | 4 | Terraced House | |
£370K | 01/21 | 0.21 mi | 22, Briardene, Durham, County Durham DH1 4QU | £3,083 | 120 | 4 | Terraced House | |
£460K | 02/23 | 0.25 mi | 20, The Avenue, Durham, County Durham DH1 4ED | - | - | 4 | Terraced House | |
£475K | 02/21 | 0.25 mi | 8, The Avenue, Durham DH1 4ED | £2,914 | 163 | 4 | Terraced House | |
£397.5K | 06/21 | 0.25 mi | 14, The Avenue, Durham, County Durham DH1 4ED | - | - | 4 | Terraced House | |
£531.8K | 06/23 | 0.25 mi | 23, Crossgate Peth, Durham, County Durham DH1 4PZ | £3,886 | 137 | 4 | Semi-Detached House | |
£355K | 11/20 | 0.25 mi | Aspen Lodge, Crossgate Peth, Durham DH1 4PZ | £2,064 | 172 | 4 | Semi-Detached House | |
£450K | 11/20 | 0.32 mi | Moreland House, The Avenue, Durham, County Durham DH1 4EB | £2,394 | 188 | 4 | Terraced House | |
£430K | 05/21 | 0.35 mi | 40, Highgate, Durham DH1 4GA | £2,638 | 163 | 4 | Terraced House | |
£600K | 01/23 | 0.39 mi | Farnley Hey, Farnley Hey Road, Durham, County Durham DH1 4EA | - | - | 4 | Semi-Detached House | |
£485K | 03/21 | 0.41 mi | 5, Farnley Hey Road, Durham, County Durham DH1 4EA | - | - | 4 | Detached House | |
£418.3K | 01/23 | 0.42 mi | 38, Archery Rise, Durham, County Durham DH1 4LA | - | - | 4 | Detached House | |
£260K | 09/21 | 0.44 mi | 46, Kirkwood Drive, Durham DH1 4FF | £2,486 | 105 | 4 | Terraced House | |
£343K | 12/20 | 0.46 mi | 1, Howlcroft Villas, Durham, County Durham DH1 4DU | £2,659 | 129 | 4 | Semi-Detached House | |
£900K | 12/20 | 0.48 mi | Percy House, Percy Lane, Durham DH1 4HE | £3,261 | 276 | 4 | Detached House | |
£540K | 01/23 | 0.5 mi | 7, Albert Street, Durham, County Durham DH1 4RL | £1,806 | 299 | 4 | Terraced House | |
£295K | 06/21 | 0.52 mi | 27, Faraday Court, Durham DH1 4FG | - | - | 4 | Semi-Detached House | |
£300K | 05/21 | 0.52 mi | 30, Faraday Court, Durham DH1 4FG | £1,351 | 222 | 4 | Terraced House | |
£520K | 01/23 | 0.56 mi | 14, St Monica Grove, Durham, County Durham DH1 4AT | £5,222 | 100 | 4 | Semi-Detached House | |
£320K | 08/21 | 0.58 mi | 21, Geoffrey Avenue, Durham DH1 4PF | £2,581 | 124 | 4 | Semi-Detached House | |
£307K | 09/21 | 0.58 mi | 39, St Bedes Close, Durham DH1 4AA | - | - | 4 | Semi-Detached House | |
£326K | 01/23 | 0.58 mi | 45, St Bedes Close, Durham, County Durham DH1 4AA | - | - | 4 | Semi-Detached House | |
£195K | 06/21 | 0.59 mi | 18, St Bedes Close, Durham, County Durham DH1 4AB | £2,143 | 91 | 4 | Semi-Detached House | |
£715K | 10/21 | 0.62 mi | Crook Hall Farmhouse, Sidegate, Durham, County Durham DH1 5SZ | £3,357 | 213 | 4 | Detached House | |
£390K | 04/23 | 0.63 mi | 11, Wearside Drive, Durham, County Durham DH1 1LE | - | - | 4 | Semi-Detached House | |
£315K | 12/20 | 0.64 mi | 22, Redhills Lane, Durham, County Durham DH1 4AJ | £2,520 | 125 | 4 | Semi-Detached House | |
£135K | 05/23 | 0.68 mi | 12a, Nevilles Cross Villas, Durham, County Durham DH1 4JR | £1,063 | 127 | 4 | Semi-Detached House | |
£478K | 12/22 | 0.69 mi | 9, Redhills Lane, Durham, County Durham DH1 4AL | £3,439 | 139 | 4 | Semi-Detached House | |
£295K | 04/23 | 0.73 mi | 10, Kells Buildings, Durham, County Durham DH1 4JL | £2,731 | 108 | 4 | Semi-Detached House | |
£385K | 05/21 | 0.77 mi | 31, Field House Lane, Durham DH1 4LT | £2,770 | 139 | 4 | Semi-Detached House | |
£414K | 06/21 | 0.77 mi | 14, Ferens Park, Durham DH1 1NU | £3,137 | 132 | 4 | Detached House | |
£361K | 03/21 | 0.77 mi | 4, Ferens Park, Durham DH1 1NU | - | - | 4 | Detached House | |
£435K | 03/23 | 0.77 mi | 15, Ferens Park, Durham, County Durham DH1 1NU | £3,718 | 117 | 4 | Detached House | |
£325K | 07/23 | 0.77 mi | 5, Railway Cottages, Crossgate Moor, Durham, County Durham DH1 4JB | £3,467 | 94 | 4 | Terraced House | |
£400K | 06/21 | 0.78 mi | 15, Nickleby Chare, Durham, County Durham DH1 3QX | - | - | 4 | Detached House | |
£435K | 10/21 | 0.78 mi | 14, Nickleby Chare, Durham, County Durham DH1 3QX | £3,480 | 125 | 4 | Detached House | |
£373K | 10/21 | 0.78 mi | 1, Dickens Wynd, Durham, County Durham DH1 3QR | £3,587 | 104 | 4 | Detached House | |
£435K | 12/21 | 0.78 mi | 12, Dickens Wynd, Durham DH1 3QR | - | - | 4 | Detached House | |
£490K | 12/21 | 0.79 mi | Triermayne, Nevilles Cross Bank, Durham, County Durham DH1 4JP | £3,141 | 156 | 4 | Detached House | |
£620K | 03/21 | 0.79 mi | Lindisfarne, Nevilles Cross Bank, Durham, County Durham DH1 4JP | - | - | 4 | Detached House | |
£325K | 12/20 | 0.81 mi | 5, Copperfield, Durham, County Durham DH1 3QT | £3,250 | 100 | 4 | Detached House | |
£600K | 05/21 | 0.85 mi | Westaways, Lowes Barn Bank, Durham, County Durham DH1 3QP | £3,191 | 188 | 4 | Detached House | |
£390K | 04/23 | 0.89 mi | 144, Gilesgate, Durham, County Durham DH1 1QQ | - | - | 4 | Terraced House | |
£340K | 04/23 | 0.9 mi | 15, Boste Crescent, Durham, County Durham DH1 5US | £2,297 | 148 | 4 | Semi-Detached House | |
£380K | 11/22 | 0.9 mi | 19, Boste Crescent, Durham, County Durham DH1 5US | £2,585 | 147 | 4 | Detached House |
Local Rents
38 rents from £672/mo to £5.3K/mo, average is £1.5K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£715 | 12/24 | 0.17 mi | Allergate, Durham, DH1 | 5 | Flat | |
£5,308 | 12/24 | 0.19 mi | Alexandria Crescent, Crossgate Moor, Durham | 7 | Terraced House | |
£758 | 12/24 | 0.22 mi | Nevilledale Terrace, Durham | 5 | Terraced House | |
£1,700 | 12/24 | 0.22 mi | - | 4 | Terraced House | |
£1,150 | 12/24 | 0.23 mi | Quarryheads Lane, Durham, County Durham, DH1 | 3 | Flat | |
£737 | 12/24 | 0.25 mi | Atherton Street, Durham, DH1 | 4 | Flat | |
£3,640 | 08/24 | 0.26 mi | - | 6 | Flat | |
£672 | 12/24 | 0.27 mi | Hawthorn Terrace, Durham, DH1 | 6 | Flat | |
£2,000 | 12/24 | 0.28 mi | Nevilledale Terrace, Durham, DH1 | 5 | Detached House | |
£676 | 12/24 | 0.28 mi | Hawthorn Terrace, Durham, DH1 | 6 | Flat | |
£3,792 | 12/24 | 0.29 mi | Lawson Terrace, Durham City | 5 | Terraced House | |
£5,308 | 12/24 | 0.3 mi | Flass Street, Durham City | 7 | Terraced House | |
£4,550 | 12/24 | 0.32 mi | - | 6 | Terraced House | |
£3,683 | 12/24 | 0.32 mi | Mistletoe Street, Durham City | 5 | Terraced House | |
£3,467 | 12/24 | 0.32 mi | Mistletoe Street, Durham City | 5 | Terraced House | |
£2,000 | 12/24 | 0.33 mi | Beech Croft, Durham, DH1 | 5 | Detached House | |
£1,400 | 12/24 | 0.34 mi | Byland Close, Durham City | 3 | Flat | |
£693 | 11/24 | 0.41 mi | - | 4 | Flat | |
£1,950 | 12/24 | 0.43 mi | Leazes Court, Leazes Place, Durham, DH1 | 4 | Flat | |
£728 | 12/24 | 0.45 mi | Boyd Street, Durham, DH1 | 7 | Flat | |
£728 | 12/24 | 0.47 mi | Peartree Cottages, Durham, DH1 | 6 | Flat | |
£728 | 12/24 | 0.48 mi | High Wood View, Durham, DH1 | 7 | Flat | |
£728 | 12/24 | 0.48 mi | High Wood Terrace, Durham, DH1 | 6 | Flat | |
£1,600 | 12/24 | 0.49 mi | Kirkwood Drive, Nevilles Cross | 5 | Flat | |
£1,100 | 12/24 | 0.49 mi | Kirkwood Drive, Sheraton Park | 3 | Flat | |
£1,050 | 12/24 | 0.49 mi | - | 3 | Terraced House | |
£1,600 | 12/24 | 0.52 mi | - | 4 | Semi-Detached House | |
£1,100 | 11/24 | 0.52 mi | - | 4 | Terraced House | |
£706 | 12/24 | 0.52 mi | The Hallgarth, Durham, DH1 | 6 | Flat | |
£706 | 12/24 | 0.52 mi | The Hallgarth, Durham, DH1 | 6 | Flat | |
£719 | 12/24 | 0.53 mi | Hallgarth Street, Durham, DH1 | 7 | Flat | |
£1,295 | 12/24 | 0.57 mi | Kirkwood Drive, Nevilles Cross, Durham | 4 | Flat | |
£3,770 | 12/24 | 0.58 mi | St. Monica Grove, Durham | 6 | Detached House | |
£1,800 | 12/24 | 0.59 mi | Illingworth Grove, Durham, DH1 | 3 | Detached House | |
£3,100 | 08/23 | 0.6 mi | - | 4 | Terraced House | |
£3,400 | 02/25 | 0.6 mi | - | 4 | Terraced House | |
£3,000 | 02/25 | 0.6 mi | - | 4 | Terraced House | |
£2,427 | 12/24 | 0.6 mi | DLI 1 Cottages, Back Western Hill, Durham | 4 | Detached House |
Local Area Statistics
Population in DH1 | 49,93849,938 |
Population in Durham | 124,445124,445 |
Town centre distance | 0.31 miles away0.31 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.40 miles away0.40 miles away |
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Rental demand | Balanced marketBalanced market |
Rental growth (12m) | +5%+5% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +10%+10% |
Property History
Listed for £1,200,000
September 16, 2024
Floor Plans





Description
- Stunning Grade II Listed Townhouse +
- City Centre Location +
- Unrivalled views over Durham Castle, Cathedral and River Wear +
- Period Features +
- Flexible Accommodation +
Accommodation in Brief
Cellar | Store Rooms
Ground Floor
Reception Hall | Cloak Room | Dining Room | Kitchen | Utility Room | Garden Room
First Floor
Drawing Room | Sitting Room | Study | Bathroom | Kitchenette | WC
Second Floor
Three Double Bedrooms | Dressing Room | Bathroom | WC
Third Floor
Three Bedrooms | Shower Room | Storage Area
The Property
Situated within a short walk from Durham City Centre, 45 South Street is an exquisite Grade II Listed Georgian townhouse featuring a private rear garden and an elegant interior. The symmetrical exterior is a testament to classic Georgian architecture, showcasing a beautiful façade with a slate tile roof and sash windows with fine glazing bars.
Stepping inside, the property continues to impress with its grand living spaces. Interior designs have been carefully chosen to both enhance and complement the original style and character. Period features that are typical of the era include high ceilings, decorative cornicing, classic fireplaces, and wide-plank wooden flooring.
The grand dark-toned fireplace in the expansive entrance hall is a focal point of the space. The impressive surround, extending to the ceiling features an array of intricate details that showcase quality craftsmanship. The similarly striking staircase completes this inviting entrance. From here, you can easily access the kitchen, dining room, and garden room, as well as a convenient cloakroom and utility room.
The kitchen is light and beautifully appointed, featuring cream coloured traditional shaker style cabinetry paired with warm wooden worktops, a large electric Rangemaster and an integrated dishwasher. A generous island enhances both storage and worktop space and includes breakfast bar seating for casual dining. The adjoining dining room is a highlight, rich in character, making it the perfect place for formal hosting and entertaining.
The main reception rooms are on the first floor, alongside a well-appointed bathroom. The beautifully presented sitting room and drawing room are arranged to create comfortable and intimate seating areas. The rooms also boast elegant chandeliers and expansive bay windows, which provide ample natural light and offer stunning views of the River Wear and beyond. Additionally, there is a versatile room, ideal as an additional living area or a dedicated home office.
The second-floor hosts three similarly grand double bedrooms with unique period details and excellent views. The principal bedroom benefits from a spacious dressing room. The bedrooms are served by a contemporary bathroom. This stylish space is equipped with a freestanding roll top bath and a separate shower cubicle.
The windows on the third floor boast breathtaking panoramic views of Durham City Centre and the majestic Cathedral. This floor is thoughtfully designed with three bedrooms, a contemporary shower room, and ample storage space.
Externally
45 South Street offers unparalleled views of the UNESCO World Heritage Durham Cathedral, the Castle College of Durham University, and the scenic River Wear. The property includes a private rear garden providing a tranquil retreat. Featuring low-maintenance paved seating areas and beautifully landscaped flower beds. Additionally, residents can apply for two parking permits for the street outside: one for themselves and one for visitors.
Local Information
45 South Street is within walking distance of the vibrant and historic university city of Durham. Winding cobbled streets lead from the loop of the River Wear up to the dramatic Durham Cathedral and Castle World Heritage Site. The city offers peaceful riverside walks and the chance to relax in one of the many cafés, restaurants, artisan workshops, boutiques, galleries and museums. Cultural and entertainment venues include the successful Gala Theatre, The Assembly Rooms Theatre, and the Palace Green Library.
The extraordinary Romanesque Durham Cathedral dominates the skyline with the Norman Durham Castle facing it across the Palace Green. To the north of the castle is the 13th century medieval Crook Hall. South of the river, Durham University offers a Botanic Garden with woodland and tropical plants, and the Oriental Museum exhibiting Asian, Egyptian and Middle Eastern artefacts.
The picturesque Durham Heritage Coast is only a short drive away, offering stunning walks with wild cliffs, dunes and views out across the North Sea. To the west lies the North Pennines Area of Outstanding Natural Beauty (AONB) and all the outdoor opportunities it has to offer.
The thriving city of Newcastle is within easy reach and offers a further range of cultural, educational, professional, recreational and shopping facilities. For the commuter, the A1 provides good access to Darlington, Gateshead, Newcastle City Centre and Newcastle International Airport. Durham Tees Valley Airport is also within easy reach. The railway station at Durham provides mainline rail links north and south with regular fast services to London and Edinburgh.
Approximate Mileages
Durham City Centre 0.5 miles | Durham Railway Station 0.9 miles | Newcastle City Centre 18.9 miles | Teesside International Airport 22.7 | Newcastle International Airport 25.2 miles
Services
Mains electricity, water and drainage. Gas central heating.
Wayleaves, Easements & Rights of Way
The property is being sold subject to all existing wayleaves, easements and rights of way, whether or not specified within the sales particulars.
Agents Note to Purchasers
We strive to ensure all property details are accurate, however, they are not to be relied upon as statements of representation or fact and do not constitute or form part of an offer or any contract. All measurements and floor plans have been prepared as a guide only. All services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. Please be advised that some information may be awaiting vendor approval.
Submitting an Offer
Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. To comply with Money Laundering Regulations, we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.