2 Bed Flat, Single Let, Durham, DH1 5BY £100,000

Framwellgate Moor, Durham, DH1 5BY - a year ago
Leasehold
BTL
ROI: 3%
~68 m²
Property image

ValuationUndervalued

Sold Prices£77K - £336.5K
Sold Prices/m²£823/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£122,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£500 - £1,795

Rent Estimate

£500

Running Costs/mo

£433

Cashflow/mo

£68

Cashflow/yr

£810

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £77K to £336.5K, average is £142K. £823/m² to £4.4K/m², average is £2.6K/m².

Price
Date
Distance
Address
Beds
 
£190K09/240.04 mi8, Camsell Court, Durham DH1 5FQ2
£147K07/230.26 mi24, Barrington Close, Framwellgate Moor, Durham, County Durham DH1 5BX2
£99K08/250.3 mi9, Whitfield Court, Durham DH1 5BT2
£187.5K10/240.5 mi18, Shiell Heights, Durham DH1 5TN2
£137K09/240.54 mi139, Harvey Avenue, Durham DH1 5ZB2
£110K06/210.57 mi18, Hutton Way, Durham, County Durham DH1 5BW2
£130K12/240.61 mi83, Harvey Avenue, Durham DH1 5ZB2
£104K09/220.62 mi19, Hutton Way, Durham, County Durham DH1 5BW2
£175K03/250.67 mi47e, Old Dryburn Way, Durham DH1 5SE2
£175K03/250.67 mi47e, Old Dryburn Way, Durham DH1 5SE2
£77K06/210.74 mi29, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£97.5K04/230.74 mi10, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£88K03/250.74 mi33, Farrier Close, Durham DH1 5XY2
£88K03/250.74 mi33, Farrier Close, Durham DH1 5XY2
£110K11/220.74 mi23, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£86.3K02/250.93 mi43, Richmond Road, Durham DH1 5NS2
£86.3K02/250.93 mi43, Richmond Road, Durham DH1 5NS2
£87K08/220.94 mi76, Lindisfarne Road, Durham, County Durham DH1 5YQ2
£80K06/210.99 mi10, Hamsterley Crescent, Durham DH1 5SS2
£88K03/251.01 mi12, Staindrop Road, Durham DH1 5XS2
£88K03/251.01 mi12, Staindrop Road, Durham DH1 5XS2
£90K05/251.02 mi150, Canterbury Road, Durham DH1 5XT2
£90K05/251.02 mi150, Canterbury Road, Durham DH1 5XT2
£86K08/221.03 mi111, Carr House Drive, Durham, County Durham DH1 5XW2
£87.5K04/231.1 mi42, Blanchland Avenue, Durham, County Durham DH1 5XP2
£170K09/241.15 mi19, Archers Court, Durham DH1 4BP2
£175K02/231.16 mi6, Archers Court, Durham, County Durham DH1 4BP2
£245K03/231.17 mi61, Highgate, Durham, County Durham DH1 4GA2
£260K01/231.25 mi1, Freemans Quay, Durham, County Durham DH1 1SW2
£305K12/241.25 miSt Godrics Court, 6, Castle Chare, Durham DH1 4TY2
£270K03/251.28 mi17, Edmunds Vale, The Sands, Durham DH1 1BW2
£270K03/251.28 mi17, Edmunds Vale, The Sands, Durham DH1 1BW2
£280K03/251.34 mi1, Clements Wharf, Back Silver Street, Durham DH1 3RP2
£280K03/251.34 mi1, Clements Wharf, Back Silver Street, Durham DH1 3RP2
£280K03/251.34 mi1, Clements Wharf, Back Silver Street, Durham DH1 3RP2
£175K01/251.35 mi1, Lambton Walk, Durham DH1 4SW2
£175K01/251.35 mi1, Lambton Walk, Durham DH1 4SW2
£157K05/251.35 mi20, Claypath Court, Claypath, Durham DH1 1QE2
£125K07/251.35 mi19, Claypath Court, Claypath, Durham DH1 1QE2
£157K05/251.35 mi20, Claypath Court, Claypath, Durham DH1 1QE2
£112.5K02/231.35 mi21, Claypath Court, Durham, County Durham DH1 1QE2
£93K06/231.35 mi41, Claypath Court, Durham, County Durham DH1 1QE2
£103K10/221.35 mi40, Claypath Court, Durham, County Durham DH1 1QE2
£325K11/211.4 miApartment 19, Sylvan House, St Helens Well, Durham DH1 4DB2
£260K04/231.53 miFlat 16, St Andrews Court, New Elvet, Durham, County Durham DH1 3AH2
£188K08/231.53 miFlat 26, St Andrews Court, New Elvet, Durham, County Durham DH1 3AH2
£336.5K03/251.53 mi15, St Andrews Court, New Elvet, Durham DH1 3AH2
£336.5K03/251.53 mi15, St Andrews Court, New Elvet, Durham DH1 3AH2
£220K01/251.57 mi17, Monument Court, Durham DH1 4PD2
£103.8K08/241.62 miOrchard House, 16, New Elvet, Durham DH1 3DB2

Local Rents

50 rents from £500/mo to £1.8K/mo, average is £800/mo.

Rent
Date
Distance
Address
Beds
 
£69508/250.01 miVictoria Court, Framwellgate Moor2
£65006/250.03 miVictoria Court, Framwellgate Moor, County Durham2
£65010/250.03 miVictoria Court, Framwellgate Moor, County Durham2
£60011/250.04 miTindale Avenue, Durham, County Durham, DH12
£69508/250.04 miFront Street, Framwellgate Moor, Durham, County Durham2
£79508/250.05 miDurham Terrace, Framwellgate Moor, Durham2
£75008/250.05 miDurham Terrace, Durham, DH12
£85009/250.06 miFront Street, Framwellgate Moor, Durham, DH12
£69510/250.06 miFront Street, Framwellgate Moor, Durham2
£69511/250.06 miDurham Terrace, Durham, DH12
£1,79505/250.09 mi-2
£1,00007/250.09 miNewcastle Terrace, Framwellgate Moor, DH1 5EG2
£1,12712/240.1 mi-2
£95008/250.1 miFront Street, Framwellgate Moor, Durham, DH12
£1,00007/250.11 miSt Cuthberts Avenue, Durham Moor, Durham, DH12
£1,10011/250.12 miSt Cuthberts Avenue, Framwellgate Moor, Durham, DH1 5EP2
£77510/250.14 miLund Avenue, Framwellgate Moor, Durham2
£80007/250.15 miNewton Drive, Framwellgate Moor, Durham, DH12
£95010/250.15 miNewton Drive, Framwellgate Moor, Durham, DH12
£95011/250.15 miNewton Drive, Framwellgate Moor, Durham, DH12
£80011/250.16 miLund Avenue, Framwellgate Moor, Durham, DH12
£1,20009/250.17 miFinchale Road, Framwellgate Moor, DH1 5JW2
£85009/250.19 miNewton Drive, Durham, County Durham, DH12
£55008/250.2 miMains Court, Durham2
£75008/250.2 miMains Court, Framwellgate Moor2
£74012/240.2 miMains Court, Framwellgate Moor2
£55008/250.2 miMains Court, Framwellgate Moor2
£57008/250.21 miHigh Carr Close, Durham, County Durham, DH12
£96712/240.25 miFinchale Rd, Framwellgate Moor2
£97910/250.25 miFinchale Road, Framwellgate Moor, Durham, DH1 5JH2
£89911/250.25 miBarrington Close, Durham, DH12
£90007/250.25 miAldhome Court, Framwellgate Moor, Durham, DH12
£84508/250.26 miBarrington Close, Durham, DH12
£85005/250.26 miBarrington Close, Durham, DH1 5BX2
£85007/250.26 miBarrington Close, Durham City, DH1 5BX2
£92509/250.26 miBarrington Close, Durham, DH1 5BX2
£85011/250.26 miBarrington Close, Durham City, DH1 5BX2
£80008/250.26 miBarrington Close, Durham City2
£90010/250.26 miAugustine Close, Framwellgate Moor, Durham, DH12
£95009/250.26 miBeech Road, Framwellgate Moor, Durham2
£85007/250.26 miLilac Avenue, Framwellgate Moor, DH1 5JD2
£65006/250.31 miWhitfield Court, Pity Me, Durham, DH12
£72507/250.31 miWhitfield Court, Pity Me, DH1 5BT2
£75010/250.31 miWhitfield Court, Pity Me, DH1 5BT2
£75010/250.31 miWhitfield Court, Pity Me, DH1 5BT2
£75010/250.31 miWhitfield Court, Pity Me, DH1 5BT2
£75011/250.31 miWhitfield Court, Pity Me, DH1 5BT2
£50008/250.31 miWhitfield Court, Pity Me2
£50007/250.31 miWhitfield Court, Pity Me2
£68008/250.31 mi-2

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.47 miles away

Nearest school

0.30 miles away

Nearest train station

1.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-20%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £100,000

October 1, 2024

Description

  • 2 Bedroom 1 Bathroom Apartment +
  • Excellent Opportunity For Investors +
  • DH1 +
  • 60 SQ Metres +
  • 1.5 Miles to City centre +
  • 2.5 Miles to Durham University +
  • Offroad Parking +
  • Rear Private Garden +

EXCELLENT INVESTMENT OPPORTUNITY. Lester & Bingley are pleased to bring to the market this two bedroom, one bathroom, ground floor apartment situated a short distance from Durham city centre.

The property is ideal for either those looking for their own property within DH1 or property investors, given the high demand for student and professional accommodation within Durham.

On entering the property there is an open plan kitchen and living area to the left, followed by two double bedrooms on the right of the hallway and finally a bathroom towards the back of the property.

This property also benefits from a rear private garden, off street parking and exceptional transport links into the city centre.

Victoria Court sits just off Front St and is surrounded by a vibrant area with shops, restaurants, salons, and has all necessary amenities on its door step.
Situated just 1.7 miles from the city centre, and benefiting from excellent transport links, this property gives easy access to the centre and Durham's world famous university.

Agent Details

Lester & Bingley, Mansfield

0115 647 0287

Next Steps?

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