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

York Crescent, Durham, County Durham, DH1 5PU - 5 months ago

Auction
Refurb/BRRR
ROI: 9%
~68 m²
+8 photos

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.

PriceDateDistanceAddressBeds 
£173.5K01/210.02 mi56, York Crescent, Durham DH1 5PU2
£161K05/230.09 mi154, York Crescent, Durham, County Durham DH1 5QS2
£172K03/210.09 mi114, York Crescent, Durham, County Durham DH1 5QS2
£240K06/210.09 mi166, York Crescent, Durham DH1 5QS2
£165K01/210.09 mi138, York Crescent, Durham, County Durham DH1 5QS2
£175K01/210.09 mi192, York Crescent, Durham DH1 5QS2
£190K03/210.09 mi178, York Crescent, Durham, County Durham DH1 5QS2
£199.9K04/230.09 mi110, York Crescent, Durham, County Durham DH1 5QS2
£229.5K06/230.18 mi29, Worcester Road, Durham, County Durham DH1 5PZ2
£220K06/230.18 mi25, Worcester Road, Durham, County Durham DH1 5PZ2
£173K11/200.2 mi35, Norwich Road, Durham, County Durham DH1 5QA2
£183K02/210.2 mi21, Lichfield Road, Durham, County Durham DH1 5QW2
£210K06/230.23 mi5, Rochester Road, Durham, County Durham DH1 5QD2
£225K01/230.3 mi125, Carr House Drive, Durham, County Durham DH1 5XG2
£185K02/230.33 mi43, Rothbury Road, Newton Hall, Durham, County Durham DH1 5PF2
£145K04/230.33 mi31, Rothbury Road, Newton Hall, Durham, County Durham DH1 5PF2
£173K07/230.33 mi33, Rothbury Road, Newton Hall, Durham, County Durham DH1 5PF2
£191.5K05/210.37 mi93, Canterbury Road, Durham DH1 5QY2
£72K02/230.49 mi8, Hamsterley Crescent, Newton Hall, Durham, County Durham DH1 5SS2
£170K01/210.55 mi74, Raby Road, Durham DH1 5NH2
£265K06/210.56 mi35, Hylton Road, Durham, County Durham DH1 5LS2
£145K12/200.59 mi9, Raby Road, Durham DH1 5NJ2
£180K12/220.59 mi29, Raby Road, Durham, County Durham DH1 5NJ2
£93K04/210.71 mi131, Bek Road, Newton Hall, Durham, County Durham DH1 5LQ2
£117K03/210.72 mi34, Kirkham Road, Durham DH1 5LJ2
£123K03/210.77 mi32, Bek Road, Durham DH1 5LD2
£105.5K10/200.77 mi55, Bek Road, Newton Hall, Durham, County Durham DH1 5LD2
£130K07/230.81 mi102, Farnham Road, Durham, County Durham DH1 5LN2
£145K01/210.85 mi1, Abbey Road, Durham, County Durham DH1 5DQ2
£97.5K07/230.85 mi96, Caterhouse Road, Durham, County Durham DH1 5HR2
£137.5K11/210.86 mi1, The Orchard, Pity Me, Durham, County Durham DH1 5DA2
£115K03/230.9 mi69, Front Street, Pity Me, Durham, County Durham DH1 5DE2
£110K10/220.93 mi39, Front Street, Pity Me, Durham, County Durham DH1 5DW2
£75K02/210.93 mi49, Front Street, Pity Me, Durham DH1 5DW2
£100K05/210.96 mi5, Potterhouse Terrace, Durham DH1 5DL2
£93K10/210.97 mi14, Front Street, Pity Me, Durham, County Durham DH1 5DT2
£116K11/210.97 mi9, Front Street, Pity Me, Durham DH1 5DT2
£137.5K11/201 mi23, The Forge, Pity Me, Durham DH1 5RU2

Local Rents

50 rents from £425/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89512/240.13 miYork Crescent, Durham, DH1 5QR2
£97512/240.21 miRochester Road, Newton Hall, Durham, DH13
£3,00003/250.27 mi-4
£3,00003/250.39 mi-3
£1,40001/250.48 mi-4
£1,30012/240.55 miCaley Rise, Pity ME, Durham, DH1 5UN3
£70012/240.58 miHylton Court, Durham, County Durham, DH12
£42512/240.6 mi-1
£42508/240.6 mi-1
£3,00001/250.68 mi-3
£75012/240.96 miFarrier Close, Pity Me, Durham, DH12
£65012/240.96 miFarrier Close, Pity Me2
£1,45010/240.96 mi-3
£89501/250.96 mi-3
£1,10010/240.97 mi-3
£97012/241 mi-3
£96712/241.06 miFinchale Rd, Framwellgate Moor2
£2,75012/241.12 miFinchale Road, Durham5
£52012/241.13 miFinchale Road, Durham, DH15
£89509/231.14 mi-3
£2,60012/241.15 miGray Avenue, Durham, DH15
£77512/241.16 miVictoria Court, Durham, DH13
£1,12712/241.19 mi-2
£58512/241.2 miFront Street, Framwellgate Moor7
£80009/231.21 mi-3
£1,25012/241.22 miFinchale Road, Durham, DH14
£87508/231.22 mi-3
£2,50003/251.23 mi-3
£2,50003/251.23 mi-3
£1,79502/251.23 mi-2
£97512/241.24 miPorter Close, Aykley Heads, Durham3
£1,40012/241.24 miSergeant Close, Aykley Heads, Durham, DH13
£1,55012/241.25 miHigh Carr Close, Framwellgate Moor4
£2,50012/241.28 mi-3
£1,25012/241.34 miWoodward Way, Aykley Heads, Durham, DH12
£65012/241.38 miPrebends Field - DH12
£2,55006/241.4 mi-4
£89512/241.42 miHornbeam Close, Durham, County Durham, DH11
£2,95012/241.43 miHornbeam Close, Durham, DH14
£89502/241.44 mi-1
£74012/241.46 miMains Court, Framwellgate Moor2
£1,25003/241.6 mi-2
£2,42712/241.61 miMontgomery Road, Durham, DH14
£1,75012/241.61 miEdmunds Vale, Durham, DH12
£1,57512/241.62 miFerens Park, Durham2
£1,17512/241.62 miOld Dryburn Way, North End, Durham, DH12
£1,00012/241.62 mi-2
£1,09511/241.62 mi-2
£1,05003/251.62 mi-2
£2,60012/241.62 miOrchard Drive, Durham4

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

  • Semi Detached Bungalow +
  • Popular Newton Hall Location +
  • Garage Converted Into Additional Room +
  • Close To Local Shops and Bus Stops +
  • Two Double Bedrooms +
  • Spacious Lounge Dining Room +
  • Generous Rear Garden +
  • Open Plan Front Garden With 3 Car Driveway +
  • FOR SALE VIA G.N.P.A AUCTION STARTING BIDS £155,000 +

Located on the sought-after York Crescent within the Newton Hall Estate, this two-bedroom semi-detached bungalow is offered for sale via G.N.P.A  auction STARTING BIDS £155,000 FOR MORE INFORMATION PLEASE CALL OUR DURHAM OFFICE ON . NO UPPER CHAIN. The property is presented in clean and tidy condition throughout but offers scope for general modernisation, providing an excellent opportunity to add your personal touch. The home is accessed via a double-glazed UPVC door, leading to a hallway that connects all the main rooms. The current owner has added loft access with a convenient pull-down ladder. The attic is partially boarded and fitted with a light, though an extension lead is required to power it from the ground floor. The spacious lounge, located at the front of the property, measures nearly 18' x 11'9", offering ample room for comfortable living. The kitchen is fitted with a wide range of wall and base units and features a Worcester combination boiler installed in 2023. Both bedrooms are double-sized, with the master bedroom providing plenty of space for additional wardrobes. To the rear, there's a vestibule leading to a private garden and a versatile store/hobby room that has been converted from the former garage. The rear garden is a level area with a lawn, paved patio, and an outdoor water tap, offering a private space for relaxation. The front of the property has a low-maintenance garden and a driveway with parking space for up to three cars. This charming bungalow is perfect for those looking to downsize or invest in a property with potential. Early viewing is recommended!

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 £349.00 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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