5 Bed HMO, Durham, DH1 5EW £140,000

2 Tindale Avenue, Framwellgate Moor, DH1 5EW - a year ago
HMO
Negative Equity
Inside Article 4
ROI: 26%
110 m²
Property image
Property image
Property image

ValuationUndervalued

Sold Prices£190K - £972.7K
Sold Prices/m²£1.2K/m² - £4.5K/m²

 

 

Square Metres

110 m²
Price/m²£1.3K/m²

Value Estimate

£168,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Total Cash In

£43,500

 

 

Cash Out

 

Room Rate

£479

Gross Rent

£2,395

Running Costs/mo

£1,453

Cashflow/mo

£942

Cashflow/yr

£11,302

ROI

26%

Gross Yield

21%

Local Sold Prices

27 sold prices from £190K to £972.7K, average is £425K. £1.2K/m² to £4.5K/m², average is £3.4K/m².

Price
Date
Distance
Address
Beds
 
£190K06/210.03 mi14, South Terrace, Durham, County Durham DH1 5EN5
£640K02/250.48 mi18, Aykley Green, Durham DH1 4LN5
£405K12/240.64 mi3, Harvey Avenue, Durham DH1 5ZB5
£972.7K06/250.67 miFriars Garth, Long Garth, Durham DH1 4HJ5
£972.7K06/250.67 miFriars Garth, Long Garth, Durham DH1 4HJ5
£555K09/210.68 mi12, North End, Durham, County Durham DH1 4NJ5
£500K07/230.68 mi19, Springwell Road, Durham, County Durham DH1 4LR5
£350K06/210.7 mi9, Paxton Mews, Durham DH1 5BS5
£455K05/210.72 miSpringwell Hollow, Whitesmocks, Durham DH1 4LJ5
£500K02/230.74 mi23, Springwell Road, Durham, County Durham DH1 4LR5
£695K06/230.76 miWellsprings, 4, Springfield Park, Durham, County Durham DH1 4LS5
£280K05/231.06 mi86, Rothbury Road, Newton Hall, Durham, County Durham DH1 5QB5
£350K06/211.23 mi15, Surtees Drive, Durham DH1 4AR5
£370K08/211.29 mi6, Ferens Close, Durham, County Durham DH1 1JX5
£595K01/231.42 miAlbert House, The Avenue, Durham, County Durham DH1 4EB5
£585K03/251.44 miSandyford, Farnley Mount, Durham DH1 4DZ5
£585K03/251.44 miSandyford, Farnley Mount, Durham DH1 4DZ5
£425K05/251.45 mi9, Briardene, Durham DH1 4QU5
£425K05/251.45 mi9, Briardene, Durham DH1 4QU5
£405K03/231.57 mi46, The Sidings, Durham, County Durham DH1 1HS5
£550K10/221.62 mi50, Archery Rise, Durham, County Durham DH1 4LA5
£319K08/231.68 mi49, Kirkwood Drive, Durham, County Durham DH1 4FF5
£715K06/211.69 mi8, Church Street, Durham, County Durham DH1 3DG5
£214K03/251.7 mi26, Prebends Field, Durham DH1 1HH5
£400K10/211.86 mi10, Quarryheads Lane, Durham, County Durham DH1 3DY5
£260K08/231.93 mi32, Rowan Tree Avenue, Durham, County Durham DH1 1DU5
£215K10/211.94 mi23, Rowan Tree Avenue, Durham DH1 1DX5

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.43 miles away

Nearest school

0.30 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-20%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Price changed to £140,000

February 20, 2025

Listed for £149,950

-13%

November 15, 2024

Sold for £170,000

2008

Floor Plans

Property image

Description

  • No chain involved +
  • Five bedrooms +
  • Three bathrooms +
  • EPC RATING - D +
  • Previously held a HMO licence +
  • Ideal investment opportunity +
  • Easy access to the city centre +
  • Close to the University Hospital +
  • Easy access to local amenities +
  • Open plan kitchen and living area +

PUBLIC NOTICE

2 Tindale Avenue, Framwellgate Moor, DH1 5EW.

We are acting in the sale of the above property and have received an offer of £141,500 on the above property. Any interested parties must submit any higher offers in writing to the Venture Properties, 1 Whitfield House, Durham, DH7 8XL or via / . before exchange of contracts takes place.

Available for sale with no chain involved, this large five bedroom terraced property is conveniently located just of Framwellgate Moor high street, with immediate access to a range of local amenities. It is also within walking distance to the University Hospital and Durham City centre. Ideal for large families or students and previously holding a HMO licence, it would be an ideal Buy To Let investment.

With an impressive floor plan comprising of an open plan living area and kitchen which comes with a full range of appliances, a large ground floor bedroom which could be used as a reception room and bathroom. To the first floor there are three well proportioned bedrooms and shower room. At second floor level there is a further generous double bedroom and further bathroom. Externally there is a low maintenance garden to the rear.

Ground Floor -

Open Plan Kitchen And Living Area - 6.85 x 4.18 (22'5" x 13'8") - A large open plan kitchen and living area which is perfect for modern living.

The kitchen is fitted with a range of wall and floor units having contrasting worktops incorporating a stainless steel sink unit with mixer tap, a built in oven and hob with stainless steel extractor over. With a range of appliances including two fridge/freezers, a washing machine, dishwasher and microwave.
There is an external door and window to the front, spotlighting and two radiators.

Bedroom Five - 4.18 x 3.15 (13'8" x 10'4") - A flexible room which can be used to suit the needs of any buyer either a a bedroom or further reception room. Having a UPVC double glazed window to the rear, a UPVC door to the garden, laminate flooring, a large cupboard, recessed spotlighting and radiator.

Bathroom/Wc - 1.78 x 1.76 (5'10" x 5'9") - Fitted with a white suite comprising of a panelled bath with mixer shower over, pedestal hand wash basin and WC. Having radiator, recessed spotlighting and extractor.

First Floor -

Landing - With stairs leading to the second floor.

Bedroom Two - 4.59 x 2.18 (15'0" x 7'1") - Having a UPVC double glazed window to the rear, laminate flooring, recessed spotlighting and radiator.

Bedroom Three - 3.24 x 2.28 (10'7" x 7'5") - With a UPVC double glazed window to the front, laminate flooring, radiator, recessed spotlighting and a walk-in wardrobe.

Bedroom Four - 3.57 x 1.87 (11'8" x 6'1") - Having a UPVC double glazed window to the rear, recessed spotlighting, laminate flooring, radiator and storage cupboard.

Shower Room/Wc - 2.28 x 1.30 (7'5" x 4'3") - Having a cubicle with mains fed shower, pedestal hand wash basin and WC. Having laminate flooring, recessed spotlighting, extractor fan and radiator.

Second Floor -

Bedroom One - 5.11 x 2.65 (16'9" x 8'8") - Large bedroom with a velux window, laminate flooring and radiator.

Bathroom/Wc - Fitted with a white suite comprising of a panelled bath with mixer shower over, pedestal hand wash basin and WC. Having tiled splashbacks and flooring and an extractor fan.

External - There is an enclosed paved garden to the rear of the property.

Agents Note - Please note that all appliances have not and will not be checked.

Agent Details

Venture Properties, Durham

0191 625 0135

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