6 Bed HMO, Durham, DH1 4FG, £575,000

Faraday Court, Durham, DH1 4FG - 3 views - 5 months ago

HMO
ROI: 2%
~186 m²
+12 photos

ValuationOvervalued

Sold Prices£135K - £900K
Sold Prices/m²£1.1K/m² - £5.2K/m²

 

 

Square Metres

~186 m²
Price/m²£3.1K/m²

Value Estimate

£515,924

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£34,700

Total Cash In

£178,450

 

 

Cash Out

 

Room Rate

£598

Gross Rent

£3,588

Running Costs/mo

£3,296

Cashflow/mo

£292

Cashflow/yr

£3,505

ROI

2%

Gross Yield

7%

Local Sold Prices

37 sold prices from £135K to £900K, average is £418.3K. £1.1K/m² to £5.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£295K06/210 mi27, Faraday Court, Durham DH1 4FG4
£300K05/210 mi30, Faraday Court, Durham DH1 4FG4
£260K09/210.1 mi46, Kirkwood Drive, Durham DH1 4FF4
£418.3K01/230.14 mi38, Archery Rise, Durham, County Durham DH1 4LA4
£320K08/210.2 mi21, Geoffrey Avenue, Durham DH1 4PF4
£343K12/200.27 mi1, Howlcroft Villas, Durham, County Durham DH1 4DU4
£135K05/230.27 mi12a, Nevilles Cross Villas, Durham, County Durham DH1 4JR4
£373K10/210.3 mi1, Dickens Wynd, Durham, County Durham DH1 3QR4
£435K12/210.3 mi12, Dickens Wynd, Durham DH1 3QR4
£295K04/230.31 mi10, Kells Buildings, Durham, County Durham DH1 4JL4
£490K12/210.32 miTriermayne, Nevilles Cross Bank, Durham, County Durham DH1 4JP4
£620K03/210.32 miLindisfarne, Nevilles Cross Bank, Durham, County Durham DH1 4JP4
£325K12/200.33 mi5, Copperfield, Durham, County Durham DH1 3QT4
£450K11/200.33 miMoreland House, The Avenue, Durham, County Durham DH1 4EB4
£400K06/210.34 mi15, Nickleby Chare, Durham, County Durham DH1 3QX4
£435K10/210.34 mi14, Nickleby Chare, Durham, County Durham DH1 3QX4
£600K01/230.34 miFarnley Hey, Farnley Hey Road, Durham, County Durham DH1 4EA4
£600K05/210.35 miWestaways, Lowes Barn Bank, Durham, County Durham DH1 3QP4
£370K01/210.35 mi22, Briardene, Durham, County Durham DH1 4QU4
£485K03/210.37 mi5, Farnley Hey Road, Durham, County Durham DH1 4EA4
£900K12/200.37 miPercy House, Percy Lane, Durham DH1 4HE4
£531.8K06/230.39 mi23, Crossgate Peth, Durham, County Durham DH1 4PZ4
£355K11/200.39 miAspen Lodge, Crossgate Peth, Durham DH1 4PZ4
£460K02/230.44 mi20, The Avenue, Durham, County Durham DH1 4ED4
£475K02/210.44 mi8, The Avenue, Durham DH1 4ED4
£397.5K06/210.44 mi14, The Avenue, Durham, County Durham DH1 4ED4
£195K06/210.47 mi18, St Bedes Close, Durham, County Durham DH1 4AB4
£307K09/210.51 mi39, St Bedes Close, Durham DH1 4AA4
£326K01/230.51 mi45, St Bedes Close, Durham, County Durham DH1 4AA4
£520K01/230.52 mi14, St Monica Grove, Durham, County Durham DH1 4AT4
£325K07/230.53 mi5, Railway Cottages, Crossgate Moor, Durham, County Durham DH1 4JB4
£460K03/210.53 mi60, South Street, Durham, County Durham DH1 4QP4
£315K12/200.63 mi22, Redhills Lane, Durham, County Durham DH1 4AJ4
£478K12/220.68 mi9, Redhills Lane, Durham, County Durham DH1 4AL4
£540K01/230.8 mi7, Albert Street, Durham, County Durham DH1 4RL4
£430K05/210.81 mi40, Highgate, Durham DH1 4GA4
£490K01/210.93 mi19, Cedar Drive, Durham DH1 3TF4

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

0.82 miles away

Nearest school

0.30 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £575,000

October 30, 2024

Sold for £250,000

2013

Sold for £250,000

2010

Sold for £289,000

2006

Floor Plans

Description

ATTENTION INVESTORS! 6 BEDROOM HMO PROPERTY!

Introducing Faraday Court, an ideal investment opportunity located in the Neville's Cross area of Durham which has previously been let out for £895 per week. This property will be sold with vacant possession and is available to view now!

We anticipate high demand in this property so early viewings are essential. Please call us on to arrange your appointment.

Agent Details

Bridgfords, Durham

0191 607 1402

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪