3 Bed Semi-Detached House, Single Let, Durham, DH1 1NH, £85,000

Briar Road, Durham, County Durham, DH1 1NH - 5 months ago

Under Offer
Auction
BTL
ROI: 19%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£94K - £388K
Sold Prices/m²£1.1K/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£914/m²

Value Estimate

£103,700
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Total Cash In

£26,700

 

 

Cash Out

 

Rent Range

£600 - £2,500

Rent Estimate

£884

Running Costs/mo

£462

Cashflow/mo

£422

Cashflow/yr

£5,059

ROI

19%

Gross Yield

12%

Local Sold Prices

50 sold prices from £94K to £388K, average is £171.5K. £1.1K/m² to £3.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£100K11/200.06 mi21, Hawthorn Road, Durham, County Durham DH1 1NQ3
£190K05/230.14 mi66, Grinstead Way, Durham, County Durham DH1 1LZ3
£168K01/210.14 mi82, Grinstead Way, Durham DH1 1LZ3
£175K09/210.15 mi2, Langdale Crescent, Durham DH1 1AN3
£137K12/220.15 mi18, High Street, Carrville, Durham, County Durham DH1 1AS3
£94K04/210.15 mi14, High Street, Carrville, Durham, County Durham DH1 1AS3
£191.5K10/220.15 mi58, Grinstead Way, Durham, County Durham DH1 1LZ3
£156K01/210.15 mi10, Beechdale Road, Durham, County Durham DH1 2AT3
£173K12/220.17 mi44, Grange Road, Durham, County Durham DH1 1AL3
£125K07/210.19 mi103, Broomside Lane, Durham DH1 2QT3
£102K07/210.19 mi102, Broomside Lane, Durham, County Durham DH1 2QT3
£102.5K10/200.19 mi50, Broomside Lane, Durham DH1 2QT3
£118K06/230.19 mi100, Broomside Lane, Durham, County Durham DH1 2QT3
£165K10/210.2 mi6, St Marys Road, Durham DH1 1NP3
£195K11/220.21 mi82, Grange Road, Durham, County Durham DH1 1AQ3
£245K11/200.23 mi2, Bedale Close, Belmont, Durham, County Durham DH1 2BB3
£182K02/230.24 mi11, Brackendale Road, Durham, County Durham DH1 2AB3
£216K12/220.25 mi36, Scardale Way, Belmont, Durham, County Durham DH1 2TX3
£138K11/200.28 mi16, Dene Drive, Durham DH1 1BA3
£179K03/210.3 mi3, Ullerdale Close, Durham, County Durham DH1 2TU3
£160K11/210.3 mi10, Dinsdale Drive, Durham DH1 2TS3
£160K12/200.3 mi35, Dinsdale Drive, Durham, County Durham DH1 2TS3
£149K11/200.31 mi10, Grassdale, Durham, County Durham DH1 2AF3
£195K03/230.31 mi2, Grassdale, Durham, County Durham DH1 2AF3
£160K01/210.33 mi12, Filby Drive, Durham, County Durham DH1 1LT3
£155K07/210.35 mi58, Thorndale Road, Belmont, Durham, County Durham DH1 2AH3
£190K05/230.35 mi68, Thorndale Road, Belmont, Durham, County Durham DH1 2AH3
£160K11/210.35 mi82, Thorndale Road, Belmont, Durham, County Durham DH1 2AH3
£242.5K02/230.37 mi24, The Links, Durham, County Durham DH1 2AG3
£185K01/210.38 mi51, Cheveley Walk, Durham, County Durham DH1 2AX3
£220K03/210.39 mi10, Coniston Close, Durham, County Durham DH1 2UQ3
£210K03/230.46 mi55, Buckinghamshire Road, Durham, County Durham DH1 2BE3
£187.5K12/200.48 mi44, Devonshire Road, Durham, County Durham DH1 2BQ3
£140K04/210.53 mi7, Hampshire Road, Durham DH1 2DJ3
£189.9K04/210.55 mi1, Yorkshire Drive, Durham, County Durham DH1 2DA3
£185K09/210.55 mi3, Yorkshire Drive, Durham DH1 2DA3
£237.5K09/220.56 mi3, Yorkshire Drive, Durham, County Durham DH1 2DA3
£190K09/210.58 mi3, Maureen Terrace, Durham DH1 1SN3
£230K08/210.59 mi1, Derbyshire Drive, Durham, County Durham DH1 2DN3
£212.5K12/220.62 mi49, Devonshire Road, Durham, County Durham DH1 2BJ3
£170K03/210.62 mi73, Devonshire Road, Durham DH1 2BJ3
£202K07/230.62 mi51, Devonshire Road, Durham, County Durham DH1 2BJ3
£152K03/210.65 mi86, Devonshire Road, Durham, County Durham DH1 2BH3
£388K11/200.65 mi11, Shropshire Drive, Durham DH1 2LT3
£225K02/230.68 mi10, Cheshire Drive, Durham, County Durham DH1 2LR3
£155K05/210.84 mi120, Moor Crescent, Durham, County Durham DH1 1DL3
£160K02/210.84 mi114, Moor Crescent, Durham, County Durham DH1 1DL3
£164K10/210.85 mi22, Cypress Grove, Durham, County Durham DH1 1DN3
£162.5K06/210.87 mi6, Bevan Grove, Durham DH1 2LQ3
£153K05/210.87 mi7, Bevan Grove, Durham DH1 2LQ3

Local Rents

16 rents from £600/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95003/250.13 mi-3
£1,05008/230.27 mi-3
£1,15009/240.27 mi-3
£1,15012/240.29 miDinsdale Drive, Durham3
£95011/230.55 mi-3
£95012/240.56 miDevonshire Road, Belmont, Durham3
£85012/240.76 miWhiteoak Avenue, Durham, County Durham, DH13
£60012/240.76 mi-3
£89512/240.87 miPoplar Drive, Gilesgate3
£90002/251.01 mi-3
£1,42512/241.15 mi-3
£1,90012/241.16 mi-3
£2,50009/241.16 mi-3
£2,50002/251.16 mi-3
£1,90012/241.16 miAnnand Road, Durham, DH13
£1,25003/251.18 mi-3

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

2.16 miles away

Nearest school

0.20 miles away

Nearest train station

2.37 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £85,000

October 24, 2024

Floor Plans

Description

  • Semi Detached House +
  • Three Bedrooms +
  • Gardens and Driveway. +
  • Popular Carrville Location, Shops and Schools nearby +
  • Gas Central Heating and Double Glazed +
  • • For Sale by Modern Auction – T & C's apply• Subject to Reserve Price• Buyers fees apply• The Modern Method of Auction +
  • Good Public Transport Links To City Centre, Sunderland and Newcastle +
  • Awaiting EPC +

Spacious three bedroom semi detached house situated in this popular Carrville location just a few mile from Durham City with local shops, schools great bus services to Durham City, Sunderland and Newcastle available nearby links available.  With gas central heating and double glazing the property has gardens to front and to rear with driveway providing off road parking. Offered for sale through 'Modern Method Of Auction', Terms and conditions apply.  Please visit  for full details. Entrance Porch, Hallway, Cloaks/WC, Lounge Dining Room, Kitchen, First Floor Landing, Three Bedrooms (Two Double) Family Bathroom/WC.  Externally:  Gardens front and rear, driveway to side.   An ideal investment opportunity or project property requiring some internal updating which we feel is generously reflected in the guide price.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties' personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Dowen, Durham

0191 625 0118

Next Steps?

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