2 Bed Flat, Single Let, Durham, DH1 1EG £86,000

Pickering Place, Carville, County Durham, DH1 1EG - 1 views - a year ago
Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
Property image

ValuationUndervalued

Sold Prices£42.5K - £270K
Sold Prices/m²£802/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£107,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,500

Stamp Duty & Legal Fees

£5,500

Total Cash In

£27,000

 

 

Cash Out

 

Rent Range

£110 - £1,900

Rent Estimate

£475

Running Costs/mo

£384

Cashflow/mo

£91

Cashflow/yr

£1,095

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £42.5K to £270K, average is £87.3K. £802/m² to £3.4K/m², average is £1.5K/m².

Price
Date
Distance
Address
Beds
 
£85K03/250.02 mi6, Pickering Place, Durham DH1 1EG2
£85K03/250.02 mi6, Pickering Place, Durham DH1 1EG2
£143K07/250.12 mi3, Angerstein Court, Broomside Lane, Durham DH1 2QD2
£110K04/250.26 mi15, Bishops Close, Durham DH1 2BU2
£110K04/250.26 mi15, Bishops Close, Durham DH1 2BU2
£190K02/250.73 mi29a, Willowtree Avenue, Durham DH1 1EA2
£124.3K05/250.73 mi20, Shepherds Court, Durham DH1 1JQ2
£124.3K05/250.73 mi20, Shepherds Court, Durham DH1 1JQ2
£115K10/240.75 mi29, Shepherds Court, Durham DH1 1JQ2
£145K10/240.83 miThe Grange, 4, Kepier Crescent, Durham DH1 1BF2
£89K08/210.87 mi74, Prebends Field, Durham, County Durham DH1 1HJ2
£140K06/230.88 mi7, Herons Court, Durham, County Durham DH1 2HD2
£126K08/220.88 mi12, Herons Court, Durham, County Durham DH1 2HD2
£103.5K03/251.05 mi21, Churchill Square, Durham DH1 1EU2
£103.5K03/251.05 mi21, Churchill Square, Durham DH1 1EU2
£155K03/231.32 mi23, St Giles Close, Gilesgate, Durham, County Durham DH1 1XH2
£160K08/211.32 mi33, St Giles Close, Gilesgate, Durham DH1 1XH2
£146K05/211.32 mi22, St Giles Close, Gilesgate, Durham DH1 1XH2
£42.5K02/231.4 mi35, Mitford Drive, Durham DH6 1QS2
£42.5K02/231.4 mi35, Mitford Drive, Durham DH6 1QS2
£55K08/221.4 mi13, Mitford Drive, Sherburn Village, Durham, County Durham DH6 1QS2
£42.5K02/231.41 mi35, Mitford Drive, Sherburn Village, Durham, County Durham DH6 1QS2
£72.5K06/231.41 mi31, Mitford Drive, Sherburn Village, Durham, County Durham DH6 1QS2
£72.5K06/231.41 mi31, Mitford Drive, Durham DH6 1QS2
£72.5K06/231.41 mi31, Mitford Drive, Durham DH6 1QS2
£55K08/221.41 mi13, Mitford Drive, Durham DH6 1QS2
£55K08/221.41 mi13, Mitford Drive, Durham DH6 1QS2
£55K05/251.42 mi17, Mitford Drive, Durham DH6 1QS2
£55K05/251.42 mi17, Mitford Drive, Durham DH6 1QS2
£58.5K10/231.42 mi51, Meldon Avenue, Durham DH6 1JY2
£58.5K10/231.42 mi51, Meldon Avenue, Durham DH6 1JY2
£70K09/241.44 mi27, Meldon Avenue, Durham DH6 1JY2
£70K09/241.44 mi27, Meldon Avenue, Durham DH6 1JY2
£70K09/241.44 mi27, Meldon Avenue, Durham DH6 1JY2
£87.5K04/231.52 mi42, Blanchland Avenue, Durham, County Durham DH1 5XP2
£90K05/251.6 mi150, Canterbury Road, Durham DH1 5XT2
£90K05/251.6 mi150, Canterbury Road, Durham DH1 5XT2
£87K08/221.61 mi76, Lindisfarne Road, Durham, County Durham DH1 5YQ2
£270K03/251.61 mi17, Edmunds Vale, The Sands, Durham DH1 1BW2
£270K03/251.61 mi17, Edmunds Vale, The Sands, Durham DH1 1BW2
£88K03/251.63 mi12, Staindrop Road, Durham DH1 5XS2
£88K03/251.63 mi12, Staindrop Road, Durham DH1 5XS2
£69K12/221.66 mi11, Glens Flats, Durham DH6 1AR2
£69K12/221.66 mi11, Glens Flats, Durham DH6 1AR2
£69K12/221.66 mi11, Glens Flats, Durham DH6 1AR2
£60K04/221.67 mi4, Glens Flats, High Pittington, Durham, County Durham DH6 1AR2
£69K12/221.67 mi11, Glens Flats, High Pittington, Durham, County Durham DH6 1AR2
£80K06/211.67 mi10, Hamsterley Crescent, Durham DH1 5SS2
£90K11/211.72 mi10, Lambton View, Rainton Gate, Houghton Le Spring, Durham DH4 6QL2
£88K07/231.72 mi19, Lambton View, Rainton Gate, Houghton Le Spring, County Durham DH4 6QL2

Local Rents

50 rents from £110/mo to £1.9K/mo, average is £763/mo.

Rent
Date
Distance
Address
Beds
 
£80011/250 miPickering Place, Carville, Durham, DH1 1EG2
£65008/250 miPickering Place, Carrville, Durham, DH12
£75012/240 miPickering Place, Durham, DH12
£70009/250.01 miPickering Place, Durham, County Durham, DH12
£80011/250.01 miPickering Place, Durham, DH1 1EG2
£77507/250.01 miPickering Place, Durham, County Durham, DH12
£75011/250.09 miHigh Street, Carville, Durham, DH1 1AS2
£70007/250.11 miGrange Court, Carrville, Durham, DH12
£70008/250.11 miGrange Court, Durham2
£95008/250.12 miAngerstein Court, Broomside Lane, Durham, DH12
£85008/250.12 miAngerstein Court Broomside Lane, Durham, DH12
£95011/250.12 miAngerstein Court, Broomside Lane, Durham, DH12
£95009/250.12 miAngerstein Court, Belmont, Durham, DH12
£95008/250.13 miAngerstein Court, Broomside Lane, Durham, DH12
£55008/250.16 miAngerstein Court, Broomside Lane, Durham2
£47508/250.18 miBroomside Lane, Belmont, Durham, DH12
£69510/250.18 miBroome Road, Carville, Durham, DH1 1ND2
£95008/250.2 miBelmont Court, Belmont Road, Durham, DH12
£82009/240.2 mi-2
£75009/230.2 mi-2
£72507/250.21 miBelmont Court, Belmont, Durham2
£47508/250.21 miCheveley Park Shopping Centre, Belmont, Durham2
£70007/250.21 miBelmont Court, Belmont, Durham2
£65012/240.21 miBelmont Court - DH12
£45008/250.21 miCheveley Park Shopping Centre, Belmont, Durham2
£95007/250.21 miBelmont Road, Belmont, Durham, DH12
£72507/250.21 miBelmont Court, Belmont, Durham2
£85007/250.21 mi-2
£85007/250.21 miBelmont Court, Belmont, Durham, DH12
£11008/250.21 miBroomside Lane, Belmont, Durham2
£54211/250.21 miBroomside Lane2
£1,55006/230.21 mi-2
£1,90012/240.21 mi-2
£1,90012/240.21 mi-2
£1,90012/240.21 mi-2
£1,70011/250.21 mi-2
£65006/250.21 miCheveley Park Shopping Centre, Durham, DH12
£54211/250.22 miBroomside Lane, Durham, DH12
£69507/250.22 miBroome Road, Carrville, Durham2
£80009/240.22 mi-2
£95009/240.24 mi-2
£55012/240.25 miBishops Close, Belmont2
£60009/250.25 miBishops Close, Belmont2
£88008/230.27 mi-2
£89004/250.27 mi-2
£89012/240.3 mi-2
£70008/250.32 miGrange Court2
£55008/250.32 miGrange Court, High Street, Carrville2
£90010/250.32 miGrange Court, Carville, DH1 1BL2
£90010/250.32 miGrange Court, Carville, Durham, DH1 1BL2

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.93 miles away

Nearest school

0.20 miles away

Nearest train station

2.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-20%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £86,000

November 5, 2024

Description

  • Perfect For a First Time Buyer or Investment +
  • Parking Bay Included +
  • Excellent Location for an Array of Amenities +
  • Two Bedroom & Two Bathroom Apartment +
  • Main Bedroom With En-Suite +
  • Service Charge - Circa £1,200 per annum +
  • Ground Rent - Circa £125 per annum +
  • Leasehold - 125 year lease from 2005 +
  • Council Tax Band - B +

The open-plan kitchen and lounge area boasts wood-effect laminate flooring, an electric radiator, and French doors that lead out to a balcony with stunning views across Durham City. The space is bright, airy, and perfect for both relaxation and entertaining. The contemporary kitchen is fitted with a range of matching modern wall and floor units finished in a beech effect, complemented by contrasting granite-effect work surfaces. All integrated appliances are included, such as a fridge/freezer, washer/dryer, dishwasher, oven, hob, and extractor fan, with tiled splashbacks completing the modern aesthetic. The generously sized master bedroom features cream carpets and magnolia walls, along with an electric radiator and a double-glazed window. The room also benefits from direct access to the en-suite bathroom, which is equipped with a walk-in shower cubicle, a white hand wash basin, and a low-level WC. White tiled splashbacks and grey tiled-effect lino flooring add to the fresh and modern feel of the space. A second double-sized bedroom, with magnolia walls, cream carpets, and an electric radiator, provides a comfortable and versatile space for guests or a home office. The family bathroom comprises a three-piece suite, including a panelled bath, low-level WC, and a pedestal hand wash basin. It is fully tiled throughout and also features a heated towel rail. The apartment comes with one designated parking space, offering convenient off-road parking. This well-appointed apartment is ideal for those seeking a contemporary living space in a prime location, with easy access to Durham City and surrounding areas. Council tax band-B- £1894.71 annual payment.  For more information or to arrange a viewing, please contact us today on or Don’t miss out on this fantastic opportunity – call now to secure your viewing! We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.  EPC rating: C.

Agent Details

Northwood Urban Base Executive, Durham

0191 545 1005

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