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 |
BMV | 16% |
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.
Local Rents
21 rents from £525/mo to £1.9K/mo, average is £890/mo.
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
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