2 Bed Terraced House, Single Let, Durham, DH7 7PS, £70,000

South View, Ushaw Moor, Durham, DH7 7PS - 4 views - 6 months ago

BTL
ROI: 12%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£48.5K - £148K
Sold Prices/m²£691/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£63,766

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Total Cash In

£20,800

 

 

Cash Out

 

Rent Range

£550 - £800

Rent Estimate

£556

Running Costs/mo

£350

Cashflow/mo

£206

Cashflow/yr

£2,473

ROI

12%

Gross Yield

10%

Local Sold Prices

25 sold prices from £48.5K to £148K, average is £70K. £691/m² to £2K/m², average is £936/m².

PriceDateDistanceAddressBeds 
£67K06/210.04 mi2, South View, Ushaw Moor, Durham, County Durham DH7 7PS2
£66K11/200.04 mi13, South View, Ushaw Moor, Durham DH7 7PS2
£100K02/230.09 mi29, Ushaw Terrace, Ushaw Moor, Durham, County Durham DH7 7PD2
£72.5K11/210.09 mi5, Ushaw Terrace, Ushaw Moor, Durham DH7 7PD2
£61.5K02/210.1 mi10, Temperance Terrace, Ushaw Moor, Durham DH7 7PQ2
£75K07/210.14 mi13, High View, Ushaw Moor, Durham, County Durham DH7 7QQ2
£86K03/230.14 mi34, High View, Ushaw Moor, Durham, County Durham DH7 7QQ2
£65K12/200.17 mi48, Station Road, Ushaw Moor, Durham DH7 7PY2
£65K12/200.17 mi48, Station Road, Ushaw Moor, Durham DH7 7PY2
£113K04/230.29 mi11, Boundary Close, Ushaw Moor, Durham, County Durham DH7 7FB2
£48.5K03/230.5 mi6, Woodland Road, Bearpark, Durham, County Durham DH7 7DQ2
£68K04/210.57 mi6, College View, Bearpark, Durham, County Durham DH7 7DY2
£109K11/200.64 mi17, South View, Bearpark, Durham DH7 7DE2
£53K11/210.68 mi10, Prospect Terrace, New Brancepeth, Durham, County Durham DH7 7EJ2
£59K04/230.68 mi6, Prospect Terrace, New Brancepeth, Durham, County Durham DH7 7EJ2
£56K07/210.69 mi19, Cooperative Terrace, New Brancepeth, Durham, County Durham DH7 7HY2
£52K08/230.69 mi21, Cooperative Terrace, New Brancepeth, Durham, County Durham DH7 7HY2
£60K08/210.73 mi5, Auton Stile, Bearpark, Durham DH7 7AA2
£95K12/220.82 mi7, George Terrace, Bearpark, Durham, County Durham DH7 7AQ2
£85K01/210.83 mi102, Taylor Avenue, Bearpark, Durham, County Durham DH7 7AY2
£120K10/210.84 mi23, Alum Waters, New Brancepeth, Durham DH7 7JL2
£148K12/210.84 mi3, Alum Waters, New Brancepeth, Durham DH7 7JL2
£72.5K04/210.84 mi76, Taylor Avenue, Bearpark, Durham DH7 7AY2
£70K11/210.86 mi97, Taylor Avenue, Bearpark, Durham DH7 7AX2
£138.5K03/230.99 mi20, Aldin Grange Terrace, Bearpark, Durham, County Durham DH7 7AN2

Local Rents

10 rents from £550/mo to £800/mo, average is £708/mo.

RentDateDistanceAddressBeds 
£55012/240.06 miTemperance Terrace, Ushaw Moor, County Durham2
£70009/240.16 mi-2
£75012/240.29 miBoundary Close, Ushaw Moor, Durham2
£55012/240.39 miAldridge Court, Ushaw Moor, Durham, DH72
£55012/240.63 miWaltons Terrace, New Brancepeth, Durham2
£71512/240.63 miSilver Tree Gardens, Durham, County Durham, DH72
£80012/240.67 mi-2
£65011/230.67 mi-2
£80012/240.74 miAuton Stile, Bearpark, Durham2
£75012/241.2 miFront Street, Broompark, DH72

Local Area Statistics

Population in DH7

40,931

Population in Durham

124,445

Town centre distance

2.95 miles away

Nearest school

0.20 miles away

Nearest train station

2.63 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £70,000

September 27, 2024

Sold for £45,000

2003

Sold for £26,000

2002

Floor Plans

Description

  • Family Focused Living +
  • Two Double Bedrooms +
  • Fitted Family Bathroom +
  • Enclosed Rear Yard +
  • On-Street Parking +
  • Popular Location +
  • No Chain +

Welcome to South View. This property is a two-bedroom, one-bathroom End of Terrace house on South View, DH7. Keep reading to find out what makes this property unique!

Open Plan Kitchen-Diner:

The heart of the home is this open-plan kitchen diner. This flexible space allows you to spend time with your family while cooking and gives a space for some quality time together.

Off-Street Parking:

This property comes with off-street parking creating easy access to the property. With this parking space outside the home, you can enjoy the convenience and security having a space to park your car every day

Prime Location Close to Durham Market Place:

This property enjoys a prime location with easy access to essential amenities as well as being only a 10-minute drive to Durham Market Place. There are also ample bus stations nearby, making daily life convenient and hassle-free. Its convenient position also ensures the property will always attract tenants.

Downstairs you are greeted by a comfortable living room with a large feature wall and open fireplace, as well as an open plan kitchen-diner. The kitchen also features a UPVC door leading out to the rear garden.

Upstairs there are two double bedrooms with built-in wardrobes. Upstairs you also have a family bathroom with a bath and an overhead shower attachment.

Externally you have on-street parking to the rear of the property as well as a semi-enclosed garden to the rear of the house with plenty of space for outdoor activities and family life.

This house is located near many local amenities such as a hospital, schools, shops, takeaways, and other everyday necessities.

Early viewing is highly recommended.

Council Tax Band: A (Durham County Council)
Tenure: Freehold

Agent Details

NGU HOMES, Gateshead

0191 625 0172

Next Steps?

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