2 Bed Flat, Single Let, Durham, DH1 1EG, £95,000

Pickering Place, Durham, DH1 1EG - 2 views - 5 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£42.5K - £260K
Sold Prices/m²£823/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£109,982
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Total Cash In

£27,800

 

 

Cash Out

 

Rent Range

£525 - £1,900

Rent Estimate

£600

Running Costs/mo

£437

Cashflow/mo

£163

Cashflow/yr

£1,958

ROI

7%

Gross Yield

8%

Local Sold Prices

37 sold prices from £42.5K to £260K, average is £89K. £823/m² to £4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£95K05/210.26 mi14, Bishops Close, Durham DH1 2BU2
£92K11/200.74 mi21, Shepherds Court, Gilesgate, Durham, County Durham DH1 1JQ2
£89K08/210.87 mi74, Prebends Field, Durham, County Durham DH1 1HJ2
£140K06/230.87 mi7, Herons Court, Durham, County Durham DH1 2HD2
£126K08/220.87 mi12, Herons Court, Durham, County Durham DH1 2HD2
£155K03/231.31 mi23, St Giles Close, Gilesgate, Durham, County Durham DH1 1XH2
£160K08/211.31 mi33, St Giles Close, Gilesgate, Durham DH1 1XH2
£146K05/211.31 mi22, St Giles Close, Gilesgate, Durham DH1 1XH2
£55K08/221.41 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
£87.5K04/231.52 mi42, Blanchland Avenue, Durham, County Durham DH1 5XP2
£87K08/221.6 mi76, Lindisfarne Road, Durham, County Durham DH1 5YQ2
£75K04/211.62 mi23, Halton Road, Durham DH1 5YJ2
£70K12/201.62 mi35, Halton Road, Durham, County Durham DH1 5YJ2
£80K06/211.67 mi10, Hamsterley Crescent, Durham DH1 5SS2
£80K06/211.67 mi10, Hamsterley Crescent, Durham DH1 5SS2
£69K12/221.67 mi11, Glens Flats, High Pittington, Durham, County Durham DH6 1AR2
£86K08/221.73 mi111, Carr House Drive, Durham, County Durham DH1 5XW2
£90K11/211.73 mi10, Lambton View, Rainton Gate, Houghton Le Spring, Durham DH4 6QL2
£90K11/211.73 mi10, Lambton View, Rainton Gate, Houghton Le Spring, Durham DH4 6QL2
£88K07/231.73 mi19, Lambton View, Rainton Gate, Houghton Le Spring, County Durham DH4 6QL2
£48K03/211.73 mi107, Carr House Drive, Durham, County Durham DH1 5XW2
£98.5K03/221.73 mi18, Lambton View, Rainton Gate, Houghton Le Spring, County Durham DH4 6QL2
£80K12/211.73 mi12, Lambton View, Rainton Gate, Houghton Le Spring, County Durham DH4 6QL2
£68K10/201.76 mi71, Rochester Road, Durham DH1 5PW2
£82.6K01/211.76 mi21, Auckland Road, Durham DH1 5PL2
£235K04/211.79 mi188, York Crescent, Durham, County Durham DH1 5QS2
£185K03/211.81 mi13, Freemans Quay, Durham DH1 1SW2
£112.5K02/231.83 mi21, Claypath Court, Durham, County Durham DH1 1QE2
£93K06/231.83 mi41, Claypath Court, Durham, County Durham DH1 1QE2
£103K10/221.83 mi40, Claypath Court, Durham, County Durham DH1 1QE2
£260K01/231.89 mi1, Freemans Quay, Durham, County Durham DH1 1SW2
£88K10/201.9 mi82, Rothbury Road, Durham DH1 5QB2
£260K04/231.92 miFlat 16, St Andrews Court, New Elvet, Durham, County Durham DH1 3AH2
£188K08/231.92 miFlat 26, St Andrews Court, New Elvet, Durham, County Durham DH1 3AH2
£86.5K02/211.92 mi66, Middleham Road, Durham DH1 5QH2

Local Rents

21 rents from £525/mo to £1.9K/mo, average is £890/mo.

RentDateDistanceAddressBeds 
£75012/240.01 miPickering Place, Durham, DH12
£82009/240.2 mi-2
£75009/230.2 mi-2
£65012/240.2 miBelmont Court - DH12
£1,55006/230.22 mi-2
£1,90012/240.22 mi-2
£1,90012/240.22 mi-2
£1,90012/240.22 mi-2
£1,70003/250.22 mi-2
£80009/240.23 mi-2
£95008/240.24 mi-2
£55012/240.25 miBishops Close, Belmont2
£88008/230.27 mi-2
£89003/250.27 mi-2
£89011/240.3 mi-2
£70004/240.37 mi-2
£85008/230.38 mi-2
£90006/240.38 mi-2
£90010/240.38 mi-2
£1,20012/240.38 miCheveley Court , Durham 2
£52503/230.4 mi-2

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.92 miles away

Nearest school

0.20 miles away

Nearest train station

2.14 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £95,000

November 19, 2024

Description

  • No upper chain +
  • Ideal investment opportunity +
  • No upper chain +
  • Currently let for £730pcm +

Discover the perfect blend of comfort, style, and convenience in this spacious 2 bedroom apartment located in the heart of Carville. A prime location, this property offers an exceptional opportunity for homeownership or investment.

As you step inside, you'll be greeted by the spacious reception area, providing the ideal space to unwind after a long day. The large windows flood the room with natural light, creating an inviting ambiance and offering breathtaking views of the surrounding area.

The apartment boasts a well-designed layout, offering a seamless flow from one room to another. The open-plan living and dining area provide ample space for entertaining guests or spending quality time with loved ones. Kitchen is equipped with ensuring utmost convenience and functionality. Whether you're a seasoned chef or just starting out, this kitchen is sure to inspire your culinary creativity.

With two generous-sized bedrooms, this apartment is perfect for a small family or professionals who desire a comfortable living space. The bedrooms are thoughtfully designed, offering a peaceful sanctuary for relaxation and rejuvenation. The large windows in each room not only brighten the space but also offer panoramic views of the charming surroundings. The master bedroom benefits from having an ensuite shower room.

The location of this apartment is second to none. Situated in Durham, you'll love the convenience of having an array of amenities right at your doorstep. From shopping centers to restaurants, parks to schools, everything you need is just a short distance away. Enjoy the vibrant city life while also having easy access to the tranquil beauty of the surrounding nature.

This apartment is not just a dwelling; it's a lifestyle choice. The building offers additional features such as secure parking, a communal garden, and lift access, providing convenience, security, and a sense of community.

If you're looking for a stunning apartment located in the heart of Durham, this property is the perfect choice. Don't miss out on this incredible opportunity to own a modern and stylish home in a prime location. Contact us today to arrange a viewing and start a new chapter in your life.

Agent Details

Greetham Gilbert, Jesmond

0191 743 9741

Next Steps?

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