5 Bed HMO, Durham, DH1 5EG £155,000

9 Newcastle Terrace, Framwellgate Moor, Durham DH1 5EG - 36 views - a year ago
HMO
ROI: 29%
~123 m²
Property image
Property image
Property image
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ValuationUndervalued

Sold Prices£177.9K - £972.7K
Sold Prices/m²£1.2K/m² - £4.5K/m²

 

 

Square Metres

~123 m²
Price/m²£1.3K/m²

Value Estimate

£189,100
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£8,950

Total Cash In

£47,700

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£2,730

Running Costs/mo

£1,578

Cashflow/mo

£1,152

Cashflow/yr

£13,819

ROI

29%

Gross Yield

21%

Local Sold Prices

28 sold prices from £177.9K to £972.7K, average is £425K. £1.2K/m² to £4.5K/m², average is £3.4K/m².

Price
Date
Distance
Address
Beds
 
£190K06/210.11 mi14, South Terrace, Durham, County Durham DH1 5EN5
£405K12/240.58 mi3, Harvey Avenue, Durham DH1 5ZB5
£640K02/250.59 mi18, Aykley Green, Durham DH1 4LN5
£350K06/210.59 mi9, Paxton Mews, Durham DH1 5BS5
£972.7K06/250.76 miFriars Garth, Long Garth, Durham DH1 4HJ5
£972.7K06/250.76 miFriars Garth, Long Garth, Durham DH1 4HJ5
£500K07/230.79 mi19, Springwell Road, Durham, County Durham DH1 4LR5
£555K09/210.8 mi12, North End, Durham, County Durham DH1 4NJ5
£455K05/210.83 miSpringwell Hollow, Whitesmocks, Durham DH1 4LJ5
£500K02/230.85 mi23, Springwell Road, Durham, County Durham DH1 4LR5
£695K06/230.87 miWellsprings, 4, Springfield Park, Durham, County Durham DH1 4LS5
£280K05/231.02 mi86, Rothbury Road, Newton Hall, Durham, County Durham DH1 5QB5
£350K06/211.34 mi15, Surtees Drive, Durham DH1 4AR5
£370K08/211.39 mi6, Ferens Close, Durham, County Durham DH1 1JX5
£595K01/231.54 miAlbert House, The Avenue, Durham, County Durham DH1 4EB5
£585K03/251.56 miSandyford, Farnley Mount, Durham DH1 4DZ5
£585K03/251.56 miSandyford, Farnley Mount, Durham DH1 4DZ5
£425K05/251.57 mi9, Briardene, Durham DH1 4QU5
£425K05/251.57 mi9, Briardene, Durham DH1 4QU5
£405K03/231.67 mi46, The Sidings, Durham, County Durham DH1 1HS5
£550K10/221.74 mi50, Archery Rise, Durham, County Durham DH1 4LA5
£214K03/251.76 mi26, Prebends Field, Durham DH1 1HH5
£319K08/231.8 mi49, Kirkwood Drive, Durham, County Durham DH1 4FF5
£715K06/211.8 mi8, Church Street, Durham, County Durham DH1 3DG5
£177.9K03/251.97 mi4, Woodland Terrace, Chester Le Street DH2 3PW5
£177.9K03/251.97 mi4, Woodland Terrace, Chester Le Street DH2 3PW5
£400K10/211.98 mi10, Quarryheads Lane, Durham, County Durham DH1 3DY5
£260K08/231.99 mi32, Rowan Tree Avenue, Durham, County Durham DH1 1DU5

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.55 miles away

Nearest school

0.20 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-20%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £155,000

October 16, 2024

Floor Plans

Property image

Description

  • No upper chain +
  • Sold as seen +
  • Ideal investment +
  • Good for a variety of buyers +
  • Very Popular location +
  • Excellent amenities +
  • Good transport links +
  • Gardens +
  • Five bedrooms and four bathrooms +
  • Outskirts of Durham +

Robinsons Estate Agents are now in receipt of an offer for the sum of £148,000 for 9 Newcastle Terrace, Framwellgate Moor, Durham DH1 5EG. Anyone wishing to place an offer on this property should contact Robinsons Estate Agents, 1 Old Elvet, Durham, DH1 3HL before exchange of contracts.

No Upper Chain Sold As Seen Good Potential Ideal Investment For A Variety of Buyers Spacious & Versatile Floor Plan Very Popular & Convenient Location Double Glazing & GCH Outskirts of Durham City Excellent Local Amenities & Transport LinksWe believe the property has had a licenced HMO granted July 2022, but any new buyer would need to check with Durham council and re-apply**

The floor plan comprises; two reception spaces, kitchen, five bedrooms with three having en-suite facilities, and a further bathroom/WC. Outside there are front and rear gardens.

Framwellgate Moor is situated approx. 2 miles north of Durham City. It is easily accessible via well-connected public transport options, and its location offers convenient access to various amenities in the vicinity. Notable nearby facilities include the esteemed University Hospital of Durham, New College Durham, and Framwellgate School, fostering a nurturing environment for learning.

A mere mile away lies the Arnison Centre Retail Park, boasting an array of shops, outlets, a supermarket, restaurants, and even a petrol station, making it a one-stop destination for various needs and desires. For everyday essentials, residents can find smaller convenience stores and shops conveniently located on Framwellgate Moor Front Street.

With its convenient location, excellent amenities, and a vibrant community, Framwellgate Moor continues to be a sought-after destination for those seeking a balanced and enjoyable lifestyle.

**This property is sold as seen. None of the utilities or services have not, and will not be checked **

Ground Floor -

Entrance -

Reception Room - 4.39m x 2.62m (14'5 x 8'7) -

Reception Room - 4.80m x 3.99m (15'9 x 13'1) -

Kitchen - 4.57m x 2.13m (15'0 x 7'0) -

Bedroom - 3.35m x 2.46m (11'0 x 8'1 ) -

En-Suite -

First Floor -

Bedroom - 3.18m x 3.05m (10'5 x 10'0) -

En-Suite -

Bedroom - 3.15m x 2.31m (10'4 x 7'7) -

Bathroom -

Bedroom - 2.92m x 2.39m (9'7 x 7'10) -

En-Suite -

Second Floor -

Bedroom - 5.82m x 4.47m (19'1 x 14'8) -

Agent Notes - Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Gas Central Heating
Broadband: Basic 6Mbps, Superfast 75Mbps, Ultrafast 9000Mbps
Mobile Signal/Coverage: Good to Average
Tenure: Freehold
Council Tax: Durham County Council, Band A - Approx. £1621p.a
Energy Rating: C

Disclaimer: The preceding details have been sourced from the seller and OnTheMarket.com. Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative

Agent Details

Robinsons, Durham

0191 625 0933

Next Steps?

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