4 Bed Semi-Detached House, Refurb/BRRR, Durham, DH7 7RP, £200,000

Holborn Court, Ushaw Moor, Durham, DH7 7RP - 3 views - 6 months ago

Refurb/BRRR
ROI: 3%
~129 m²
+14 photos

ValuationFair Value

Sold Prices£74K - £375K
Sold Prices/m²£1.1K/m² - £3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.5K/m²

Value Estimate

£200,000

 

 

End Value (After Refurb)

£181,701

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£49,479

Bridging Loan Interest

£5,250

Total Cash In

£113,679

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£181,701

Mortgage (After Refinance)

£136,275

Mortgage LTV

75%

Cash Left In

£113,679

Equity

£45,425

Rent Range

£565 - £2,400

Rent Estimate

£1,148

Running Costs/mo

£817

Cashflow/mo

£331

Cashflow/yr

£3,967

ROI

3%

Gross Yield

7%

Local Sold Prices

21 sold prices from £74K to £375K, average is £210K. £1.1K/m² to £3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£257K06/230.07 mi29, Broom Hall Drive, Ushaw Moor, Durham, County Durham DH7 7NX4
£74K03/210.08 mi79, Skippers Meadow, Ushaw Moor, Durham, County Durham DH7 7QJ4
£127K03/210.37 mi11, Ash Avenue, Ushaw Moor, Durham, County Durham DH7 7ND4
£344K08/210.42 mi30, West Farm Court, Broompark, Durham, County Durham DH7 7RN4
£375K02/210.42 mi29, West Farm Court, Broompark, Durham, County Durham DH7 7RN4
£250K10/200.53 mi31, Cookes Wood, Broompark, Durham, County Durham DH7 7RL4
£218.6K03/210.54 miAldin Grange House, Aldin Grange Terrace, Bearpark, Durham DH7 7AN4
£356.3K12/200.69 mi17, Cookes Wood, Broompark, Durham, County Durham DH7 7RL4
£375K04/210.69 miMerrythought, Woodland Road, Bearpark, Durham DH7 7DQ4
£177K11/220.83 mi9, Blackcliffe Way, Bearpark, Durham, County Durham DH7 7TJ4
£174K11/200.83 mi32, Welby Drive, Ushaw Moor, Durham DH7 7GA4
£310K03/230.83 mi126, Braunespath Estate, New Brancepeth, Durham, County Durham DH7 7JQ4
£212.5K09/210.84 mi6, Welby Drive, Ushaw Moor, Durham DH7 7GA4
£170K06/230.84 mi28, Welby Drive, Ushaw Moor, Durham, County Durham DH7 7GA4
£155K04/230.84 mi24, Welby Drive, Ushaw Moor, Durham, County Durham DH7 7GA4
£235K06/210.84 mi9, Aden Court, Bearpark, Durham DH7 7TH4
£210K05/230.84 mi8, Aden Court, Bearpark, Durham, County Durham DH7 7TH4
£153K05/210.84 mi9, Blackcliffe Way, Bearpark, Durham DH7 7TJ4
£186K06/230.89 mi24, Blackburn Close, Bearpark, Durham, County Durham DH7 7TQ4
£155K05/210.91 mi2, Hedley Court, Bearpark, Durham DH7 7TG4
£182.5K12/220.91 mi1, Hedley Court, Bearpark, Durham, County Durham DH7 7TG4

Local Rents

15 rents from £565/mo to £2.4K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£88508/240.09 mi-3
£75012/240.1 mi-3
£60012/240.12 miThornley Close, Broompark, Durham, DH73
£95011/240.14 mi-3
£75012/240.31 mi-3
£75012/240.31 mi-3
£63003/250.31 mi-3
£56503/250.33 mi-3
£65009/240.4 mi-3
£65002/250.43 mi-3
£2,40012/240.54 mi-3
£1,85012/240.6 mi-3
£1,85001/250.6 mi-3
£2,20003/250.6 mi-3
£67502/250.61 mi-3

Local Area Statistics

Population in DH7

40,931

Population in Durham

124,445

Town centre distance

2.23 miles away

Nearest school

0.50 miles away

Nearest train station

1.94 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £200,000

October 2, 2024

Floor Plans

Description

  • Four Bedrooms +
  • Council Tax Band B +
  • Private Enclosed Rear Garden +
  • DH7 Postcode +
  • Modernisation Needed +
  • Spacious Home +
  • EPC C +

We are delighted to present this four bedroom semi detached house in Ushaw Moor. The property is spacious and would be suitable for large families or those needing extra space. The ground floor briefly comprises a spacious lounge, impressive kitchen/diner, a utility room and conservatory. The garage has been converted into two additional rooms for more usable space downstairs. On the first floor there are four bedrooms, two bathrooms, and a large storage cupboard. The property is in need of modernisation and is offered with no onward chain. Call us on to arrange a viewing.

EPC C
Council Tax Band B

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

DCI240565/2

Agent Details

Reeds Rains, Durham City

0191 625 0250

Next Steps?

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