3 Bed Terraced House, Refurb/BRRR, Durham, DH6 5AZ, £69,950

Steavenson Street, Bowburn, Durham, DH6 5AZ - 36 views - 3 months ago

Refurb/BRRR
ROI: 5%
~93 m²
+3 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,488

Stamp Duty & Legal Fees

£3,299

Refurb Costs

£35,724

Bridging Loan Interest

£1,836

Total Cash In

£60,096

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£117,052

Mortgage (After Refinance)

£87,789

Mortgage LTV

75%

Cash Released

£35,326

Cash Left In

£24,770

Equity

£29,263

Rent Range

£525 - £1,500

Rent Estimate

£799

Running Costs/mo

£546

Cashflow/mo

£253

Cashflow/yr

£3,041

ROI

5%

Gross Yield

14%

Local Sold Prices

50 sold prices from £58K to £337.5K, average is £107.5K. £592/m² to £2.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£67K05/210.04 mi12, Durham Road, Bowburn, Durham DH6 5AT3
£65K10/210.04 mi16, Durham Road, Bowburn, Durham DH6 5AT3
£87K10/210.05 mi21, Steavenson Street, Bowburn, Durham DH6 5AZ3
£84K06/230.05 mi31, Steavenson Street, Bowburn, Durham, County Durham DH6 5AZ3
£58K02/210.05 mi45, Steavenson Street, Bowburn, Durham DH6 5AZ3
£82.5K03/230.06 mi12, Steavenson Street, Bowburn, Durham, County Durham DH6 5BA3
£60K06/210.09 mi30, Clarence Street, Bowburn, Durham DH6 5BB3
£80K11/200.1 mi15, Cambridge Terrace, Bowburn, Durham, County Durham DH6 5AY3
£127K11/200.2 mi48, Runcie Road, Bowburn, Durham DH6 5EY3
£145K03/210.2 mi6, Runcie Road, Bowburn, Durham, County Durham DH6 5EY3
£87K12/200.21 mi5, Slater Place, Bowburn, Durham, County Durham DH6 5PH3
£95K10/200.21 mi6, Slater Place, Bowburn, Durham, County Durham DH6 5PH3
£80K04/210.23 mi5, Lansdowne Crescent, Bowburn, Durham DH6 5BL3
£98K06/230.23 mi7, Lansdowne Crescent, Bowburn, Durham, County Durham DH6 5BL3
£142.5K09/210.27 mi5, Barrington Way, Bowburn, Durham DH6 5QD3
£178K05/210.31 mi30, Broadmeadows, Bowburn, Durham, County Durham DH6 5DA3
£136K04/210.31 mi20, Broadmeadows, Bowburn, Durham, County Durham DH6 5DA3
£75K10/200.34 mi4, St Johns Crescent, Bowburn, Durham, County Durham DH6 5AQ3
£85K07/210.36 mi5, Edward Avenue, Bowburn, Durham, County Durham DH6 5EB3
£110K04/230.36 mi7, Edward Avenue, Bowburn, Durham, County Durham DH6 5EB3
£97K03/230.38 mi17, William Street, Bowburn, Durham, County Durham DH6 5DY3
£110K11/210.4 mi4, Mary Terrace, Bowburn, Durham, County Durham DH6 5DQ3
£60K10/210.4 mi9, Mary Terrace, Bowburn, Durham, County Durham DH6 5DQ3
£71K04/210.4 mi5, Prince Charles Avenue, Bowburn, Durham, County Durham DH6 5DJ3
£121K11/200.41 mi55, Prince Charles Avenue, Bowburn, Durham, County Durham DH6 5DW3
£337.5K06/210.44 mi2, Southlands, Coxhoe, Durham, County Durham DH6 4LQ3
£125K12/220.47 mi16, Margaret Court, Bowburn, Durham, County Durham DH6 5DX3
£78K01/230.49 mi163, Park Avenue, Coxhoe, Durham, County Durham DH6 4JL3
£99K12/220.5 mi98, Park Avenue, Coxhoe, Durham, County Durham DH6 4JN3
£120K08/210.52 mi36, Park Avenue, Coxhoe, Durham, County Durham DH6 4JW3
£130.5K06/230.53 mi28, Griffiths Court, Bowburn, Durham, County Durham DH6 5FD3
£137K01/210.53 mi35, Griffiths Court, Bowburn, Durham DH6 5FD3
£132K11/200.53 mi4, Griffiths Court, Bowburn, Durham DH6 5FD3
£120K06/230.54 mi67, David Terrace, Bowburn, Durham, County Durham DH6 5EF3
£150K12/220.55 mi171, Park Avenue, Coxhoe, Durham, County Durham DH6 4JL3
£105K04/210.55 mi183, Park Avenue, Coxhoe, Durham, County Durham DH6 4JL3
£130K11/220.57 mi29, Millford Way, Bowburn, Durham, County Durham DH6 5DE3
£110K07/210.58 mi14, Mccormick Close, Bowburn, Durham, County Durham DH6 5BY3
£131.8K12/200.6 mi5, Leyland Close, Bowburn, Durham DH6 5DD3
£96K05/230.62 mi39, Park Avenue, Coxhoe, Durham, County Durham DH6 4JJ3
£124.5K11/200.63 mi71, Bell Avenue, Bowburn, Durham, County Durham DH6 5PE3
£103.5K02/230.67 mi49, Henry Avenue, Bowburn, Durham, County Durham DH6 5EN3
£140K10/210.68 mi56, Bell Avenue, Bowburn, Durham, County Durham DH6 5PJ3
£100K07/210.68 mi90, Bell Avenue, Bowburn, Durham, County Durham DH6 5PJ3
£80K01/210.71 mi3, Hollyhock Terrace, Coxhoe, Durham, County Durham DH6 4JD3
£245K10/210.71 mi5, Dallymore Drive, Bowburn, Durham, County Durham DH6 5ES3
£157K01/230.72 mi3, Earls Way, Coxhoe, Durham, County Durham DH6 4BU3
£147K08/210.73 mi1, Marlene Avenue, Bowburn, Durham, County Durham DH6 5EW3
£68K11/220.74 mi13, St Marys Terrace, Coxhoe, Durham, County Durham DH6 4JB3
£145K01/230.75 mi24, Henry Avenue, Bowburn, Durham, County Durham DH6 5EL3

Local Rents

14 rents from £525/mo to £1.5K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£65012/240.04 miDurham Road, Bowburn, Durham, Durham, DH63
£65012/240.06 miSteavenson Street, Bowburn3
£90012/240.13 miTilery Close, Bowburn3
£87512/240.16 miLeamside Way, Bowburn3
£70012/240.21 mi-3
£59512/240.28 mi-3
£65002/250.32 mi-3
£52511/240.32 mi-3
£1,50012/240.34 mi-3
£1,10011/240.34 mi-3
£75012/240.42 miCharlton Court, Bowburn, DH63
£80012/240.42 miLawson Road, Bowburn3
£56312/240.6 miGrange Way - DH63
£77512/240.62 miCavell Drive, Bowburn, Durham, DH63

Property History

Listed for £69,950

January 7, 2025

Floor Plans

Description

  • Mid Terraced House +
  • 3 Bedrooms +
  • Lounge & Dining Room +
  • Fitted Kitchen +
  • Ground Floor Shower Room +
  • Rear Yard +
  • Gas Central Heating +
  • No Onward Chain +

Mid terraced house in need of modernisation.
Externally there's on street parking to the front and a yard to the rear.
Having gas central heating via a combi boiler and single glazing.
Available with no onward chain, viewings are recommended.

Full Description - Mid terraced house in need of modernisation.
The living accommodation comprises: entrance, lounge, dining room, fitted kitchen, rear entrance lobby and shower room. To the first floor: land and 3 bedrooms. Externally there's on street parking to the front and a yard to the rear.
Having gas central heating via a combi boiler and single glazing.
Available with no onward chain, viewings are recommended.

Area Information - Bowburn has become a prime location for commuter purposes as it lies ashort drive from the A1(M) Motorway Interchange which provides good road and bus links to regional centres including Sunderland, Gateshead and Newcastle. As well as substantially reducing the traffic flow through the village the recently opened Bowburn Bypass has also greatly increased speed of access to all local centres. It is immediately adjacent to the new Integra 61 Development & Amazon Fulfilment Centre.
The historical city of Durham lies approximately 3 miles away, with its
cobbled streets and a range of local and regional retailers including supermarkets and a number of well regarded restaurants and bars. Durham City is well known for its
high achieving private and state schools as well as the world renowned
Durham University.
Also Bowburn is situated only 6 miles from Spennymoor which provides a range of day to day facilities including 24 hour supermarket, doctors and dentist surgeries, bank, shopping and schooling for all ages.

Hallway - Radiator.

Lounge - 3.6m x 3.84m - Radiator and a range of fitted units.

Dining Room - 4.01m x 4.46m - Feature fireplace with inset gas fire, double radiator and storage cupboard.

Kitchen - 2.81m x 1.81m - Range of floor units with laminate worktops and inset sink and drainer unit. Tiled splashbacks and ceramic tiled flooring.

Rear Entrance Lobby - Ceramic tiled flooring, plumbed for automatic washing machine, gas combi boiler and UPVC rear entrance door.

Shower Room - White suite comprising: low level wc, wash hand basin, shower cubicle with mains fed shower, radiator and extractor fan.

First Floor Landing -

Bedroom 1 - 3.44m x 2.72m - Radiator and storage cupboard.

Bedroom 2 - 4.83m x 2.51m - Radiator and a rang of fitted wardrobes.

Bedroom 3 - 3.9m x 2.54m - Radiator and a range of fitted wardrobes.

Rear Yard -

Tenure - Freehold - We have been informed that the property is Freehold. Interested purchasers should seek clarification of this from their Solicitors.

Epc Information - EPC Rating - D
EPC Link -

Important Information - Please note that all sizes have been measured with an electronic measure tape and are approximations only. Under the terms of the Misdescription Act we are obliged to point out that none of these services have been tested by ourselves. We cannot vouch that any of the installations described in these particulars are in perfect working order. We present the details of this property in good faith and they were accurate at the time of which we inspected the property. Stuart Edwards for themselves and for the vendors or lessors of this property whose agents they are, give notice, that: (1) the particulars are produced in good faith, are set out as a general guide only, and do not constitute any part of a contract; (2) no person in the employment of Stuart Edwards has the authority to make or give any representation or warranty in relation to this property.

Viewing - Contact Stuart Edwards Estate Agents for an appointment to view.

Website Coverage - We are proud to be affiliated with the UK's leading property portals.
Our properties are displayed on Rightmove.co.uk, Zoopla.co.uk & OnTheMarket.com.

Free Valuation - Our family run business is made up of friendly, professional people who have extensive experience of the housing market. We understand estate agencies come and go, but Stuart Edwards Estate Agents has consistently secured high levels of sales throughout a 40 year period.

If you would like to arrange a free no obligation valuation, please contact Stuart Edwards Estate Agents today!

Financial Advice - YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP THE REPAYMENTS ON THE MORTGAGE OR LOANS SECURED ON THE PROPERTY.

Through our association with a leading independent mortgage advisor we can offer the best mortgage deals available anywhere.

The Property Ombudsman - Membership is held with The Property Ombudsman for sales and lettings.

Thank You - Thank you for accessing these details. Should there be anything further we can assist with, please contact our office.

Please note Stuart Edwards Estate Agents is the trading name for Bluepace Durham Ltd.

Agent Details

Stuart Edwards, Durham

0191 607 1589

Next Steps?

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