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

Framwellgate Moor, Durham, DH1 5BY - 2 views - 6 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£48K - £325K
Sold Prices/m²£823/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£114,375
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£650 - £3,250

Rent Estimate

£725

Running Costs/mo

£478

Cashflow/mo

£248

Cashflow/yr

£2,970

ROI

10%

Gross Yield

9%

Local Sold Prices

43 sold prices from £48K to £325K, average is £97.5K. £823/m² to £4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£147K07/230.26 mi24, Barrington Close, Framwellgate Moor, Durham, County Durham DH1 5BX2
£110K06/210.57 mi18, Hutton Way, Durham, County Durham DH1 5BW2
£134K12/200.61 mi43c, Old Dryburn Way, Durham, County Durham DH1 5SE2
£104K09/220.62 mi19, Hutton Way, Durham, County Durham DH1 5BW2
£77K06/210.74 mi29, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£74K11/200.74 mi31, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£85K02/210.74 mi18, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£97.5K04/230.74 mi10, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£110K11/220.74 mi23, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£49K09/200.86 mi39, Chillingham Road, Durham DH1 5NA2
£75K04/210.92 mi23, Halton Road, Durham DH1 5YJ2
£70K12/200.92 mi35, Halton Road, Durham, County Durham DH1 5YJ2
£87K08/220.94 mi76, Lindisfarne Road, Durham, County Durham DH1 5YQ2
£86.5K02/210.95 mi66, Middleham Road, Durham DH1 5QH2
£80K06/210.99 mi10, Hamsterley Crescent, Durham DH1 5SS2
£80K06/210.99 mi10, Hamsterley Crescent, Durham DH1 5SS2
£82.6K01/211 mi21, Auckland Road, Durham DH1 5PL2
£48K03/211.02 mi107, Carr House Drive, Durham, County Durham DH1 5XW2
£86K08/221.03 mi111, Carr House Drive, Durham, County Durham DH1 5XW2
£68K10/201.06 mi71, Rochester Road, Durham DH1 5PW2
£88K10/201.08 mi82, Rothbury Road, Durham DH1 5QB2
£87.5K04/231.1 mi42, Blanchland Avenue, Durham, County Durham DH1 5XP2
£175K02/231.16 mi6, Archers Court, Durham, County Durham DH1 4BP2
£245K03/231.17 mi61, Highgate, Durham, County Durham DH1 4GA2
£235K04/211.23 mi188, York Crescent, Durham, County Durham DH1 5QS2
£260K01/231.25 mi1, Freemans Quay, Durham, County Durham DH1 1SW2
£185K03/211.32 mi13, Freemans Quay, Durham DH1 1SW2
£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
£175K09/201.62 mi16, The Sidings, Durham, County Durham DH1 1HS2
£89K08/211.7 mi74, Prebends Field, Durham, County Durham DH1 1HJ2
£80K02/231.73 mi8, The Firs, Kimblesworth, Chester Le Street, County Durham DH2 3NX2
£104K12/221.73 mi10, The Firs, Kimblesworth, Chester Le Street, County Durham DH2 3NX2
£96K12/201.73 mi5, The Firs, Kimblesworth, Chester Le Street, Durham DH2 3NX2
£155K03/231.76 mi23, St Giles Close, Gilesgate, Durham, County Durham DH1 1XH2
£160K08/211.76 mi33, St Giles Close, Gilesgate, Durham DH1 1XH2
£146K05/211.76 mi22, St Giles Close, Gilesgate, Durham DH1 1XH2
£215K06/231.86 mi6, Lowes Wynd, Durham, County Durham DH1 4NT2
£90K10/221.97 mi1, Eureka Mews, Tan Hills, Chester Le Street, County Durham DH2 3UE2

Local Rents

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

RentDateDistanceAddressBeds 
£1,79502/250.09 mi-2
£1,12712/240.1 mi-2
£74012/240.2 miMains Court, Framwellgate Moor2
£96712/240.25 miFinchale Rd, Framwellgate Moor2
£1,25012/240.61 miWoodward Way, Aykley Heads, Durham, DH12
£80012/240.61 miOld Dryburn Way, Durham2
£1,00012/240.66 mi-2
£1,09511/240.66 mi-2
£1,05003/250.66 mi-2
£1,17512/240.66 miOld Dryburn Way, North End, Durham, DH12
£75012/240.71 miFarrier Close, Pity Me, Durham, DH12
£65012/240.74 miFarrier Close, Pity Me2
£70012/240.76 miHylton Court, Durham, County Durham, DH12
£1,20012/241.17 miHighgate, Durham, County Durham, DH12
£3,25012/241.24 mi-2
£1,70011/231.24 mi-2
£90002/241.24 mi-2
£1,10010/241.24 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

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

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?

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