2 Bed Terraced House, Potential PLO/LOA, Durham, DH6 2LD, £45,000

117 Victoria Street, Durham, DH6 2LD - 14 views - 6 months ago

Negative Equity
ROI: 15%
71 m²
+3 photos

ValuationUndervalued

Sold Prices£30K - £188K
Sold Prices/m²£441/m² - £1.6K/m²

 

 

Square Metres

71 m²
Price/m²£634/m²

Value Estimate

£65,741
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,850

Total Cash In

£14,100

 

 

Cash Out

 

Rent Range

£495 - £895

Rent Estimate

£495

Running Costs/mo

£260

Cashflow/mo

£235

Cashflow/yr

£2,825

ROI

20%

Gross Yield

13%

Local Sold Prices

21 sold prices from £30K to £188K, average is £60K. £441/m² to £1.6K/m², average is £926/m².

PriceDateDistanceAddressBeds 
£60K03/230.07 mi126, Victoria Street, Shotton Colliery, Durham, County Durham DH6 2QN2
£55K06/210.12 mi72, Victoria Street, Shotton Colliery, Durham DH6 2LE2
£67K10/210.14 mi23, Hamilton Court, Shotton Colliery, Durham, County Durham DH6 2NL2
£52.5K04/210.14 mi24, Hamilton Court, Shotton Colliery, Durham DH6 2NL2
£36K04/210.16 mi20, Dene Terrace, Shotton Colliery, Durham, County Durham DH6 2QX2
£30K06/210.16 mi13, Dunelm Place, Shotton Colliery, Durham DH6 2RF2
£30K06/210.16 mi13, Dunelm Place, Shotton Colliery, Durham DH6 2RF2
£102K03/230.18 mi49, Hanover Crescent, Shotton Colliery, Durham, County Durham DH6 2NR2
£60K05/230.2 mi44, Ashbrooke Estate, Shotton Colliery, Durham, County Durham DH6 2LN2
£67K02/210.21 mi39, Hawthorne Terrace, Shotton Colliery, Durham DH6 2HG2
£53K02/210.26 mi11, Hazel Terrace, Shotton Colliery, Durham, County Durham DH6 2HJ2
£60K02/230.32 mi21, Thornhill Road, Shotton Colliery, Durham, County Durham DH6 2HD2
£90K04/230.33 mi8, Salters Lane, Shotton Colliery, Durham, County Durham DH6 2PU2
£95K11/220.33 mi16, Salters Lane, Shotton Colliery, Durham, County Durham DH6 2PU2
£40K02/210.36 mi4, Keir Hardie Terrace, Shotton Colliery, Durham DH6 2PS2
£81K07/210.39 mi10, Crossfield Crescent, Shotton Colliery, Durham, County Durham DH6 2HB2
£100K03/230.39 mi43, Salters Lane, Shotton Colliery, Durham, County Durham DH6 2HZ2
£43K01/210.43 mi10, A J Cook Terrace, Shotton Colliery, Durham, County Durham DH6 2PR2
£75K12/220.43 mi37, Dixon Estate, Shotton Colliery, Durham, County Durham DH6 2PX2
£188K08/210.43 mi1, Westgarth Grove, Shotton Colliery, Durham, County Durham DH6 2YB2
£120K12/220.52 mi11, Station Road, Shotton Colliery, Durham, County Durham DH6 2JL2

Local Rents

49 rents from £495/mo to £895/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£50012/240.03 miVictoria Street, Shotton Colliery, Durham, Durham, DH6 2QN3
£69512/240.03 miVictoria Street, Shotton Colliery, Durham, Durham, DH6 2QN3
£72512/230.07 mi-4
£72509/230.07 mi-4
£72512/230.07 mi-4
£72509/230.07 mi-4
£72509/230.07 mi-4
£70012/240.12 mi-3
£70012/240.13 miBurns Terrace, Shotton Colliery3
£79504/250.16 mi-3
£55012/240.17 mi-2
£55003/250.17 mi-2
£55004/250.17 mi-2
£55012/240.17 miDene Terrace, Shotton Colliery, Durham, DH62
£67504/250.2 mi-3
£49512/240.32 mi-2
£49512/240.32 mi-2
£53512/240.33 miWilliam Morris Terrace, Shotton Colliery, Durham2
£59512/240.43 miDixon Estate, Shotton2
£59509/241.12 miPolden Close, Peterlee3
£62509/241.15 miThe Village, Old Shotton, Peterlee, County Durham, SR81
£62509/241.16 miPentland Close, Peterlee, Durham, SR8 2LA3
£55001/251.19 mi-3
£75006/241.22 mi-3
£52509/241.3 miLancaster Hill, Peterlee, Durham, SR8 2EH2
£57509/241.31 mi-3
£60004/251.32 mi-3
£59503/251.37 mi-2
£55003/251.37 mi-2
£89502/241.42 mi-3
£89507/241.42 mi-3
£89501/251.42 mi-3
£89512/241.42 mi-3
£89501/251.42 mi-3
£89502/251.42 mi-3
£89504/251.42 mi-3
£80004/231.48 mi-3
£65012/241.49 miMoor View, Wheatley Hill, Durham, DH64
£75009/241.5 miLinacre Court, Peterlee4
£59509/241.51 miChristchurch Place, Peterlee3
£79503/241.55 mi-2
£75004/251.55 mi-2
£85010/241.56 miThe Firs, Wingate, County Durham, TS284
£80009/241.58 miNeville Road, Peterlee, Durham, SR8 2AG3
£55009/241.58 miNeville Road, Peterlee, Durham, SR8 2AG3
£50012/241.6 mi-2
£65012/241.6 mi-3
£60001/251.61 mi-3
£52503/251.63 mi-2

Local Area Statistics

Population in DH6

33,466

Population in Durham

124,445

Town centre distance

7.59 miles away

Nearest school

0.30 miles away

Nearest train station

3.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £45,000

March 28, 2025

Listed for £55,000

-38%

October 16, 2024

Sold for £76,000

2008

Floor Plans

Description

  • EXCEPTIONAL INVESTMENT +
  • TENANT IN RESIDENCE @ £495pcm +
  • MID TERRACE HOUSE +
  • TWO BEDROOMS +
  • LOUNGE +
  • KITCHEN +
  • FAMILY BATHROOM +
  • DOUBLE GLAZING +
  • GAS CENTRAL HEATING +
  • SOUTH FACING COURTYARD +

EXCEPTIONAL INVESTMENT - TENANT IN RESIDENCE @£495pcm ... Hunters are delighted to present this lovely two bedroom terraced house to the market which is currently tenanted at £495pcm with the current tenant wishing to remain in residence following the sale. The fortunate new owners/Landlord will be provided with the necessary electrical and gas certificates relating to the property. The accommodation briefly comprises of an entrance hallway, lounge, dining kitchen, two double bedrooms, a first floor family bathroom and sizable south facing rear walled courtyard. The property is positioned within reach of the local Shotton industrial estate, shops including the local Co-Op, schools and the A19 which interlinks with Teesside, Sunderland and Durham City. For further information regarding Hunters comprehensive Lettings Management facilities and viewings please contact your local Hunters Office situated in the nearby Peterlee Castle Dene shopping centre.

Lounge - 4.76m x 4.36m into recess (15'7" x 14'3" into rece - Entrance to this lovely home is accessed via a double glazed door which enters a small hallway with a further door to the lounge. The lounge features stairs to the first floor landing, a radiator and double glazed window to the front.

Dining Kitchen - 4.89m x 2.58m (16'0" x 8'5") - The kitchen located to the rear of the property features a double glazed window and door to the rear yard, wall and base units with laminated work surfaces and a stainless steel sink and drainer unit.

Landing - First floor landing provides access to the two double bedrooms and family bathroom.

Master Bedroom - 3.87m x 3.38m (12'8" x 11'1") - Located to the front of the property the master bedroom features a double glazed window and useful storage wardrobes.

Second Bedroom - 3.54m x 3.02m (11'7" x 9'10") - Located to the rear, the second bedroom located to the rear of the property features a double glazed window and storage cupboard.

Family Bathroom - 2.63m x 1.73m (8'7" x 5'8") - The family bathroom features a three piece suite features a low level w/c, panelled bath and wash basin. Double glazed window and a radiator.

Rear Courtyard - To the rear is a yard with coal house storage.

Agent Details

Hunters, Peterlee

0191 625 0212

Next Steps?

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