2 Bed Flat, Single Let, Durham, DH1 5BT, £112,000

Whitfield Court, Pity Me, Durham, DH1 5BT - 6 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£48K - £147K
Sold Prices/m²£1.3K/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£92,354

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,000

Stamp Duty & Legal Fees

£6,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£650 - £1,795

Rent Estimate

£725

Running Costs/mo

£515

Cashflow/mo

£210

Cashflow/yr

£2,520

ROI

7%

Gross Yield

8%

Local Sold Prices

20 sold prices from £48K to £147K, average is £85.5K. £1.3K/m² to £1.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£110K06/210.36 mi18, Hutton Way, Durham, County Durham DH1 5BW2
£104K09/220.4 mi19, Hutton Way, Durham, County Durham DH1 5BW2
£77K06/210.44 mi29, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£74K11/200.44 mi31, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£85K02/210.44 mi18, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£97.5K04/230.44 mi10, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£110K11/220.44 mi23, Farrier Close, Pity Me, Durham, County Durham DH1 5XY2
£147K07/230.56 mi24, Barrington Close, Framwellgate Moor, Durham, County Durham DH1 5BX2
£86.5K02/210.77 mi66, Middleham Road, Durham DH1 5QH2
£82.6K01/210.86 mi21, Auckland Road, Durham DH1 5PL2
£88K10/200.88 mi82, Rothbury Road, Durham DH1 5QB2
£48K03/210.89 mi107, Carr House Drive, Durham, County Durham DH1 5XW2
£80K06/210.89 mi10, Hamsterley Crescent, Durham DH1 5SS2
£80K06/210.89 mi10, Hamsterley Crescent, Durham DH1 5SS2
£86K08/220.9 mi111, Carr House Drive, Durham, County Durham DH1 5XW2
£134K12/200.9 mi43c, Old Dryburn Way, Durham, County Durham DH1 5SE2
£75K04/210.9 mi23, Halton Road, Durham DH1 5YJ2
£70K12/200.9 mi35, Halton Road, Durham, County Durham DH1 5YJ2
£68K10/200.91 mi71, Rochester Road, Durham DH1 5PW2
£87K08/220.92 mi76, Lindisfarne Road, Durham, County Durham DH1 5YQ2

Local Rents

14 rents from £650/mo to £1.8K/mo, average is £981/mo.

RentDateDistanceAddressBeds 
£1,12712/240.2 mi-2
£1,79502/250.23 mi-2
£96712/240.33 miFinchale Rd, Framwellgate Moor2
£75012/240.41 miFarrier Close, Pity Me, Durham, DH12
£65012/240.44 miFarrier Close, Pity Me2
£74012/240.49 miMains Court, Framwellgate Moor2
£70012/240.65 miHylton Court, Durham, County Durham, DH12
£1,25012/240.83 miWoodward Way, Aykley Heads, Durham, DH12
£80012/240.9 miOld Dryburn Way, Durham2
£1,00012/240.94 mi-2
£1,09511/240.94 mi-2
£99503/250.94 mi-2
£1,17512/240.94 miOld Dryburn Way, North End, Durham, DH12
£89512/241.1 miYork Crescent, Durham, DH1 5QR2

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.71 miles away

Nearest school

0.20 miles away

Nearest train station

1.36 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £112,000

February 20, 2025

Listed for £115,000

October 1, 2024

Floor Plans

Description

  • SECOND FLOOR APARTMENT +
  • TWO DOUBLE BEDROOMS +
  • LOUNGE WITH TREELINE VIEWS +
  • NEWLY FITTED CARPETS THROUGHOUT +
  • INVESTMENT/FTB/RETIRED COUPLE +
  • CLOSE TO LOCAL AMENITIES +
  • GOOD ACCESS TO ALL MAJOR ROUTES +
  • NO CHAIN +
  • VIEWINGS AVAILABLE NOW +

We are delighted to offer for sale this well presented two bedroom SECOND FLOOR apartment which benefits from gas central heating, NEW CARPETS THROUGHOUT, double glazing and an allocated parking space. Close to Durham city centre and many local amenities. NO ONWARD CHAIN and with the benefit of VACANT POSSESSION.

The apartment itself is accessed via the communal entrance hallway and has accommodation comprising: private entrance hall, lounge, kitchen/breakfast room, two bedrooms and a bathroom. There is an allocated parking space within the communal car park.

Whitfield Court occupies a prominent main road position within walking distance of a good range of everyday facilities and amenities which are available within Framwellgate Moor and is well placed for access to Durham City Centre where there are more comprehensive shopping and recreational facilities and amenities available. It is also well placed for commuting purposes being only a few minutes drive of the A(167) Highway which provides good road links to both North and South.

The property is leasehold and has a monthly service charge of £130.00 and annual ground rent of £130.00 payable on the 1st January. The current lease expires 31st December 2130.

VIEWINGS STRICTLY THROUGH ELITE ESTATES & LETTINGS *7 DAYS A WEEK*
CONTACT or

Agent Details

Elite Estates & Lettings, Durham

0191 743 1817

Next Steps?

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