2 Bed Bungalow, Refurb/BRRR, Durham, DH1 5PU, £155,000





ValuationOvervalued
Sold Prices | £72K - £265K |
Sold Prices/m² | £1.4K/m² - £5.2K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £2.3K/m² |
Value Estimate | £151,671 |
| |
End Value (After Refurb) | £172,281 |
Uplift in Value | +11% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £38,750 |
Stamp Duty & Legal Fees | £8,950 |
Refurb Costs | £26,073 |
Bridging Loan Interest | £4,069 |
Total Cash In | £79,591 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £172,281 |
Mortgage (After Refinance) | £129,211 |
Mortgage LTV | 75% |
Cash Released | £12,961 |
Cash Left In | £66,631 |
Equity | £43,070 |
Rent Range | £425 - £3,000 |
Rent Estimate | £1,423 |
Running Costs/mo | £843 |
Cashflow/mo | £580 |
Cashflow/yr | £6,960 |
ROI | 9% |
Gross Yield | 11% |
Local Sold Prices
38 sold prices from £72K to £265K, average is £163K. £1.4K/m² to £5.2K/m², average is £2.4K/m².
Local Rents
50 rents from £425/mo to £3K/mo, average is £1.1K/mo.
Local Area Statistics
Population in DH1 | 49,938 |
Population in Durham | 124,445 |
Town centre distance | 2.02 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.86 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +5% |
Sales demand | Balanced market |
Capital growth (5yrs) | +10% |
Property History
Price changed to £155,000
March 4, 2025
Listed for £180,000
October 30, 2024
Description
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