3 Bed Terraced House, Cash/Bridging Only, Durham, DH1 5AP, £140,000

Dryburn View, Durham Moor, DH1 5AP - 6 months ago

Auction
Cash
ROI: 8%
~91 m²
+13 photos

ValuationUndervalued

Sold Prices£100K - £680K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~90.94 m²
Price/m²£1.5K/m²

Value Estimate

£144,200
BMV3%

 

 

End Value (After Refurb)

£161,940

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£34,811

Bridging Loan Interest

£3,675

Total Cash In

£83,436

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£161,940

Mortgage (After Refinance)

£121,455

Mortgage LTV

75%

Cash Released

£16,455

Cash Left In

£66,982

Equity

£40,485

Rent Range

£775 - £2,500

Rent Estimate

£1,395

Running Costs/mo

£805

Cashflow/mo

£590

Cashflow/yr

£7,079

ROI

8%

Gross Yield

12%

Local Sold Prices

50 sold prices from £100K to £680K, average is £166.7K. £1.2K/m² to £3.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£255K10/210.15 mi1, Durham Road, Aykley Heads, Durham DH1 5AL3
£160K06/230.15 mi1, Newton Drive, Durham, County Durham DH1 5AZ3
£145K10/210.15 mi1, Newton Drive, Durham, County Durham DH1 5AZ3
£250K02/210.15 mi12, Dryburn Road, Durham, County Durham DH1 5AJ3
£100K03/230.18 mi6, Durham Terrace, Durham, County Durham DH1 5EH3
£135K11/210.21 mi9, Lund Avenue, Durham, County Durham DH1 5BJ3
£125K04/210.21 mi1, Lilac Avenue, Framwellgate Moor, Durham, County Durham DH1 5JD3
£135.6K07/210.21 mi25, Lilac Avenue, Durham DH1 5JD3
£100K10/200.24 mi13, North Terrace, Durham DH1 5EF3
£145K12/200.24 mi36, Lilac Avenue, Framwellgate Moor, Durham, County Durham DH1 5JB3
£215K01/230.29 mi10, Alexandra Close, Framwellgate Moor, Durham, County Durham DH1 5ED3
£249.1K07/230.3 mi1, Alexandra Close, Framwellgate Moor, Durham, County Durham DH1 5ED3
£270K12/200.32 mi25, Witton Grove, Durham DH1 5AB3
£121.5K01/230.33 mi14, Brackenfield Road, Durham, County Durham DH1 5HX3
£127.1K01/210.39 mi12, Ghyll Field Road, Durham, County Durham DH1 5HU3
£203K06/230.4 mi12b, Bridgemere Drive, Framwellgate Moor, Durham, County Durham DH1 5FG3
£400K04/230.4 miSt Martins, Whitesmocks, Durham, County Durham DH1 4LQ3
£240K09/210.42 mi7, Augustine Close, Framwellgate Moor, Durham DH1 5FE3
£229K04/210.46 mi11, Beaumont Close, Framwellgate Moor, Durham DH1 5FF3
£247.5K08/210.46 mi5, Boste Crescent, Durham DH1 5US3
£210K04/210.46 mi23, Boste Crescent, Durham DH1 5US3
£141K01/210.48 mi43, Caterhouse Road, Durham, County Durham DH1 5HR3
£120K07/210.54 mi14, Oxley Terrace, Durham DH1 5DU3
£390K12/220.58 mi31, Springwell Road, Durham, County Durham DH1 4LR3
£105K11/200.58 mi6, The Avenue, Pity Me, Durham DH1 5DY3
£380K02/230.59 mi33, Springwell Road, Durham, County Durham DH1 4LR3
£100K10/210.61 mi33, The Avenue, Pity Me, Durham DH1 5DY3
£155K10/220.62 mi115, Farnham Road, Durham, County Durham DH1 5LN3
£128.5K09/210.62 mi111, Farnham Road, Durham DH1 5LN3
£355K02/210.63 mi4, North Crescent, Durham, County Durham DH1 4NE3
£151.8K12/220.64 mi97, Farnham Road, Durham, County Durham DH1 5LN3
£201.8K03/210.64 mi21, Edlingham Road, Newton Hall, Durham, County Durham DH1 5YS3
£379K01/230.7 mi18a, Springwell Avenue, Durham, County Durham DH1 4LY3
£680K11/200.7 mi16, Springwell Avenue, Durham DH1 4LY3
£202.5K11/200.72 mi3, Cartington Road, Durham DH1 5YR3
£192K02/230.72 mi1, St Leonards, Durham, County Durham DH1 4NH3
£118K09/210.74 mi28, Front Street, Pity Me, Durham, County Durham DH1 5DW3
£170K06/210.74 mi18, Raby Road, Durham DH1 5NJ3
£155K04/230.76 mi175, Bek Road, Newton Hall, Durham, County Durham DH1 5LH3
£150K02/230.79 mi32, Hylton Road, Durham, County Durham DH1 5LS3
£125K02/230.79 mi2, The Forge, Pity Me, Durham, County Durham DH1 5RU3
£165.3K02/210.79 mi24, Hylton Road, Durham, County Durham DH1 5LS3
£140K11/220.79 mi64, Barrasford Road, Durham, County Durham DH1 5YG3
£195K01/230.8 mi22, Bamburgh Road, Durham, County Durham DH1 5NW3
£168K01/210.8 mi24, Bamburgh Road, Durham, County Durham DH1 5NW3
£122K08/210.82 mi76, Barrasford Road, Durham, County Durham DH1 5YG3
£150K06/210.83 miWoodleigh Cottage, Abbey Road, Durham DH1 5DQ3
£253K02/210.84 mi11, Cotherstone Road, Durham DH1 5YN3
£200K07/230.84 mi59, Alnwick Road, Newton Hall, Durham, County Durham DH1 5NN3
£180K06/210.85 mi6, Lumley Road, Durham DH1 5NP3

Local Rents

12 rents from £775/mo to £2.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£2,50012/240.08 mi-3
£87508/230.11 mi-3
£2,50003/250.13 mi-3
£2,50003/250.13 mi-3
£80009/230.18 mi-3
£89509/230.19 mi-3
£77512/240.26 miVictoria Court, Durham, DH13
£97012/240.36 mi-3
£1,40012/240.36 miSergeant Close, Aykley Heads, Durham, DH13
£97512/240.36 miPorter Close, Aykley Heads, Durham3
£1,10010/240.37 mi-3
£1,45010/240.38 mi-3

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.35 miles away

Nearest school

0.30 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £140,000

February 24, 2025

Listed for £170,000

October 12, 2024

Floor Plans

Description

  • No Forward Chain +
  • Three Double Bedrooms +
  • Easy Access to the University Hospital +
  • New College Durham & the Train Station +
  • 27ft Open Plan Lounge/Diner +
  • Updated Kitchen & Bathroom +

For sale by auction LIVE ONLINE AUCTION 31st March 2025. Option 1.
CASH BUYERS ONLY

No Forward Chain Deceptive terraced home with three double bedrooms within easy reach of the University Hospital, New College Durham, and the Train Station.

Deceptively spacious terrace home immaculately presented and modern throughout. Front and rear porches provide access to this generous property that briefly comprises a 27ft open-plan lounge/dining room with an exposed brick fireplace, a modern kitchen with integrated cooking appliances, and a separate utility cupboard for a washing machine. There are three double bedrooms, a contemporary bathroom with a shower and screen over the bath, plus a separate W/C. Externally there is a small forecourt garden to the front and a fence-enclosed yard to the rear with a decked patio area and raised planters. The property is conveniently positioned for access to local amenities within the nearby High Streets of Pity Me and Framwellgate Moor, as well as the Arnison retail park. Nearby bus stops provide access to the local public transport network.

EPC Grade = D
Council Tax Band = B

Dryburn View is a particularly pleasant part of Durham Moor which itself is a very popular residential area situated on the outskirts of the City Centre where there is a comprehensive range of shopping and recreational facilities and amenities available. Durham Moor is also well placed for commuting purposes as it lies a short drive from the A(167) Highway which provides good road links to other regional centres.

Agents Notes
Tenure: Freehold
Utilities: Mains electricity, gas, water (not metered) & drainage.
Flood Risk: Rivers & Seas = No Risk / Surface Water = Very Low.
Mobile Coverage is Good via O2, EE & Vodaphone, Average via Three.
Satellite & Cable TV availability: BT & Sky.
Broadband Estimated speeds: Standard (7 mbps), Superfast (80 mbps), Ultrafast (9000 mbps).
Restrictive Covenants apply - available on request.
Situated within a Former Mining Area.
Selective Licencing Area = No
Mortgage availability could be limited due to adjoining commercial premises, please seek expert advice for further clarification

Disclaimer 1
None of the services have been tested.
Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property. For sale by auction see

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including VAT from them for the recommendation.

Disclaimer 3
Details of the tenure will be available in the legal pack, however we recommend all potential buyers take legal advice and satisfy their requirements prior to purchase.

Agent Details

J W Wood, Durham City

0191 625 0838

Next Steps?

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