3 Bed Bungalow, Refurb/BRRR, Durham, DH1 1DD, £209,950

16a Ashdown Avenue, Gilesgate, DH1 1DD. - 3 months ago

Refurb/BRRR
ROI: 6%
~90 m²
+6 photos

ValuationOvervalued

Sold Prices£79.5K - £388K
Sold Prices/m²£1.1K/m² - £3.1K/m²

 

 

Square Metres

~89.70 m²
Price/m²£2.3K/m²

Value Estimate

£156,876

 

 

End Value (After Refurb)

£180,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,488

Stamp Duty & Legal Fees

£11,698

Refurb Costs

£34,337

Bridging Loan Interest

£5,511

Total Cash In

£105,783

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,000

Mortgage (After Refinance)

£135,000

Mortgage LTV

75%

Cash Left In

£105,783

Equity

£45,000

Rent Range

£600 - £2,500

Rent Estimate

£1,354

Running Costs/mo

£853

Cashflow/mo

£501

Cashflow/yr

£6,008

ROI

6%

Gross Yield

8%

Local Sold Prices

50 sold prices from £79.5K to £388K, average is £152.5K. £1.1K/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£162.5K06/210.11 mi6, Bevan Grove, Durham DH1 2LQ3
£153K05/210.11 mi7, Bevan Grove, Durham DH1 2LQ3
£157K06/210.13 mi1, Peel Avenue, Durham, County Durham DH1 2HU3
£125K11/200.14 mi33, Sharp Crescent, Durham DH1 1PE3
£160K07/230.17 mi3, Hawthorn Crescent, Gilesgate, Durham, County Durham DH1 1ED3
£164K10/210.18 mi22, Cypress Grove, Durham, County Durham DH1 1DN3
£140K04/210.21 mi11, Poplar Drive, Durham DH1 1DR3
£152K11/200.21 mi6, Poplar Drive, Durham, County Durham DH1 1DR3
£150K01/210.21 mi19, Poplar Drive, Durham, County Durham DH1 1DR3
£155K05/210.22 mi120, Moor Crescent, Durham, County Durham DH1 1DL3
£160K02/210.22 mi114, Moor Crescent, Durham, County Durham DH1 1DL3
£140K06/210.22 mi1, Aspen Close, Gilesgate, Durham, County Durham DH1 1EE3
£145.6K11/210.23 mi3, Kepier Crescent, Durham DH1 1PG3
£165K05/230.23 mi16, Kepier Crescent, Durham, County Durham DH1 1PG3
£186K02/230.31 mi97, Musgrave Gardens, Gilesgate, Durham, County Durham DH1 1PJ3
£175K04/230.32 mi14, Musgrave Gardens, Gilesgate, Durham, County Durham DH1 1PN3
£119K11/200.32 mi35, Musgrave Gardens, Durham, County Durham DH1 1PN3
£148K10/220.32 mi21, Frank Street, Durham, County Durham DH1 2JF3
£151K03/210.33 mi93, Musgrave Gardens, Durham, County Durham DH1 1PJ3
£155K07/210.34 mi59, Musgrave Gardens, Durham, County Durham DH1 1PL3
£187.5K12/200.35 mi44, Devonshire Road, Durham, County Durham DH1 2BQ3
£225K02/230.36 mi10, Cheshire Drive, Durham, County Durham DH1 2LR3
£170K06/230.37 mi48, Frank Street, Durham, County Durham DH1 2JF3
£140K04/210.38 mi7, Hampshire Road, Durham DH1 2DJ3
£120K01/210.38 mi94, Bradford Crescent, Durham DH1 1HW3
£130K12/200.4 mi52, Annand Road, Durham, County Durham DH1 1PP3
£126K02/210.4 mi36, The Moorlands, Durham, County Durham DH1 2LD3
£152K03/210.41 mi86, Devonshire Road, Durham, County Durham DH1 2BH3
£150K05/210.43 mi70, Mackintosh Court, Gilesgate, Durham DH1 1PZ3
£237.5K03/210.43 mi71, Mackintosh Court, Gilesgate, Durham DH1 1PZ3
£170K03/210.43 mi73, Devonshire Road, Durham DH1 2BJ3
£202K07/230.43 mi51, Devonshire Road, Durham, County Durham DH1 2BJ3
£212.5K12/220.43 mi49, Devonshire Road, Durham, County Durham DH1 2BJ3
£185K11/210.46 mi43, Prebends Field, Durham DH1 1HH3
£130K07/210.46 mi5, North View, Durham, County Durham DH1 2LE3
£220K12/220.47 mi14, Mackintosh Court, Gilesgate, Durham, County Durham DH1 1PY3
£105K11/200.48 mi33, Edge Court, Durham DH1 2JY3
£185K07/210.48 mi4, Friars Row, Durham, County Durham DH1 1HF3
£220K03/210.48 mi23, Mackintosh Court, Gilesgate, Durham, County Durham DH1 1PY3
£79.5K11/200.48 mi35, Maple Avenue, Durham DH1 2HB3
£104.5K11/210.48 mi6, Goodyear Crescent, Durham, County Durham DH1 2EB3
£388K11/200.49 mi11, Shropshire Drive, Durham DH1 2LT3
£140K03/210.49 mi7, Nuns Row, Durham DH1 1HG3
£110K07/230.52 mi51, Laurel Avenue, Durham, County Durham DH1 2EZ3
£199.9K12/220.52 mi4, Roosevelt Road, Durham, County Durham DH1 1PR3
£172.5K09/210.53 mi29, Pilgrims Way, Durham DH1 1HB3
£117.5K03/210.55 mi6, Habgood Drive, Durham DH1 2TW3
£113K01/210.55 mi46, Habgood Drive, Durham DH1 2TW3
£129.3K08/230.55 mi20, Habgood Drive, Durham, County Durham DH1 2TW3
£130K07/230.55 mi52, Habgood Drive, Durham, County Durham DH1 2TW3

Local Rents

12 rents from £600/mo to £2.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£60012/240.05 mi-3
£85012/240.06 miWhiteoak Avenue, Durham, County Durham, DH13
£89512/240.19 miPoplar Drive, Gilesgate3
£90002/250.22 mi-3
£95012/240.33 miDevonshire Road, Belmont, Durham3
£1,90012/240.4 mi-3
£2,50009/240.4 mi-3
£2,50002/250.4 mi-3
£1,90012/240.4 miAnnand Road, Durham, DH13
£1,10012/240.49 miMackintosh Court, Gilesgate, Durham, Durham, DH1 1PY3
£1,42512/240.57 mi-3
£72510/240.59 mi-3

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.39 miles away

Nearest school

0.20 miles away

Nearest train station

1.65 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £209,950

December 16, 2024

Floor Plans

Description

  • No chain involved +
  • Rarely available opportunity +
  • Large plot +
  • EPC RATING - E +
  • In need of modernisation +
  • Three bedrooms +
  • Two reception rooms +
  • Lots of potential +
  • Sought after location +
  • Easy access to local amenities and Durham City +

16a Ashdown Avenue, Gilesgate. DH1 1DD.

We are acting in the sale of the above property and have received an offer of £190,000 on the above property.

Any interested parties must submit any higher offers in writing to the selling agent, Venture Properties, 1 Whitfield House, Durham, DH7 8XL. / before exchange of contracts takes place.

Available for sale with no onward chain, this spacious detached bungalow enjoys a large plot and offers spacious living accommodation. In need of modernisation, the property has lots of potential and viewing is highly recommended for full appreciation.

The floor plan comprises of an entrance hall, living room with patio doors to the rear garden, open plan kitchen and dining room, three well proportioned bedrooms and bathroom/WC. Externally there are generous mature gardens, ample driveway parking and attached single garage.

In a sought after location, there are a number of local amenities available nearby and there is easy access to Durham City.

Hall - Entered via double glazed door. With two radiators and access to the loft.

Living Room - 5.20 x 3.64 (17'0" x 11'11") - Spacious reception room with patio doors to the rear garden, feature fireplace and radiator.

Dining Room - 3.74 x 3.34 (12'3" x 10'11") - Open plan to the kitchen with a radiator and storage cupboard.

Kitchen - 3.34 x 2.18 (10'11" x 7'1") - Fitted with a range of units and work surface incorporating a sink and drainer unit, a gas hob with extractor over, plumbing for a washing machine and dishwasher and fridge/freezer space. Having a double glazed window and door to the rear garden.

Bedroom One - 4.88 x 3.64 (16'0" x 11'11") - Generous double bedroom with a double glazed window to the front, radiator and built in wardrobes.

Bedroom Two - 3.34 x 2.82 (10'11" x 9'3") - Having a double glazed window to the front and radiator.

Bedroom Three - 2.94 x 2.34 (9'7" x 7'8") - Further well proportioned bedroom with a double glazed window to the side and radiator.

Bathroom/Wc - 2.34 x 2.00 (7'8" x 6'6") - Comprising of a bath, wash basin, WC and double glazed opaque window to the side.

External - The property enjoys a generous plot with lawns and mature borders. There is a driveway providing off street parking leading to the garage.

Garage - An attached single garage with up and over door.

Agent Details

Venture Properties, Durham

0191 625 0135

Next Steps?

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

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