2 Bed Terraced House, Single Let, Durham, DH6 3AG, £45,000

Garden Terrace, Thornley, Durham, County Durham, DH6 3AG - 3 views - 3 months ago

Sold STC
Auction
BTL
ROI: 16%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£42.5K - £139.9K
Sold Prices/m²£636/m² - £1.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£661/m²

Value Estimate

£53,799
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,550

Total Cash In

£13,800

 

 

Cash Out

 

Rent Range

£425 - £1,800

Rent Estimate

£425

Running Costs/mo

£246

Cashflow/mo

£179

Cashflow/yr

£2,153

ROI

16%

Gross Yield

11%

Local Sold Prices

22 sold prices from £42.5K to £139.9K, average is £64.5K. £636/m² to £1.3K/m², average is £790/m².

PriceDateDistanceAddressBeds 
£61K03/230.04 mi9, Galt Street, Thornley, Durham, County Durham DH6 3AH2
£54.5K12/200.11 mi1, South Parade, Thornley, Durham, County Durham DH6 3EG2
£42.5K04/230.16 mi2, Albert Street North, Thornley, Durham, County Durham DH6 3AR2
£64K11/200.16 mi3, Albert Street North, Thornley, Durham DH6 3AR2
£75K05/230.47 mi3, Emmerson Square, Thornley, Durham, County Durham DH6 3EB2
£135K09/210.52 mi2, The Oaklands, Wheatley Hill, Durham, County Durham DH6 3NB2
£95K06/230.53 mi33, Gore Hill Estate, Thornley, Durham, County Durham DH6 3DU2
£80K10/210.61 mi79, Luke Terrace, Wheatley Hill, Durham, County Durham DH6 3RY2
£48K03/210.7 mi42, Wheatley Terrace, Wheatley Hill, Durham, County Durham DH6 3RW2
£53.5K12/200.7 mi34, Wheatley Terrace, Wheatley Hill, Durham, County Durham DH6 3RW2
£50K03/210.7 mi9, Wheatley Terrace, Wheatley Hill, Durham, County Durham DH6 3RW2
£65K07/210.71 mi14, Jack Lawson Terrace, Wheatley Hill, Durham, County Durham DH6 3RT2
£51K04/210.71 mi10, Jack Lawson Terrace, Wheatley Hill, Durham, County Durham DH6 3RT2
£75K06/210.71 mi37, Quetlaw Road, Wheatley Hill, Durham, County Durham DH6 3SB2
£139.9K03/230.77 mi36, Weardale Park, Wheatley Hill, Durham, County Durham DH6 3QQ2
£53K03/210.79 mi99, Dunelm Road, Thornley, Durham, County Durham DH6 3HY2
£50K09/210.81 mi1, Stoker Crescent, Wheatley Hill, Durham, County Durham DH6 3RP2
£43K01/210.83 mi65, Johnson Estate, Wheatley Hill, Durham, County Durham DH6 3LH2
£117.5K05/230.88 mi44, Johnson Estate, Wheatley Hill, Durham, County Durham DH6 3LQ2
£75K02/210.89 mi12, Lynn Terrace, Wheatley Hill, Durham DH6 3QN2
£91.5K04/230.94 mi30, Bevan Crescent, Wheatley Hill, Durham, County Durham DH6 3LS2
£90K04/230.95 mi17, Dunelm Road, Thornley, Durham, County Durham DH6 3HP2

Local Rents

50 rents from £425/mo to £1.8K/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£50003/250.07 mi-2
£60012/240.1 miHartlepool Street North, DH64
£63006/230.49 mi-3
£60003/230.53 mi-3
£45012/240.59 miWordsworth Avenue, Wheatley Hill, Durham, DH6 3RE3
£52502/230.63 mi-3
£80004/230.64 mi-3
£65012/240.64 miMoor View, Wheatley Hill, Durham, DH64
£1,80010/240.66 mi-3
£59503/250.69 mi-2
£55003/250.69 mi-2
£75006/240.78 mi-3
£62004/240.8 mi-2
£60003/250.8 mi-2
£60012/240.83 miJohnson Estate, Wheatley Hill3
£42512/240.83 miPeter Lee Cottages, Wheatley Hill, Co Durham, DH63
£52506/240.84 mi-2
£79503/250.9 mi-2
£52502/251.14 mi-3
£59512/241.4 miDixon Estate, Shotton2
£53512/241.5 miWilliam Morris Terrace, Shotton Colliery, Durham2
£79502/251.59 mi-3
£49512/241.74 mi-2
£49512/241.74 mi-2
£70012/241.74 miBurns Terrace, Shotton Colliery3
£50012/241.76 miVictoria Street, Shotton Colliery, Durham, Durham, DH6 2QN3
£69512/241.76 miVictoria Street, Shotton Colliery, Durham, Durham, DH6 2QN3
£72512/231.82 mi-4
£72509/231.82 mi-4
£72512/231.82 mi-4
£72509/231.82 mi-4
£72509/231.82 mi-4
£70012/241.87 mi-3
£55012/241.91 mi-2
£55002/251.91 mi-2
£55012/241.91 miDene Terrace, Shotton Colliery, Durham, DH62
£50006/231.95 mi-2
£85010/242.01 miThe Firs, Wingate, County Durham, TS284
£52503/252.03 mi-2
£42510/242.06 mi-2
£47512/242.06 mi-2
£62505/242.08 mi-3
£55010/242.09 miBruce Crescent, Wingate, Durham, TS28 5JJ2
£43910/242.1 mi-2
£48502/252.1 mi-2
£47502/252.1 mi-2
£75001/252.13 mi-3
£72512/242.13 mi-3
£69501/252.13 mi-3
£60010/242.14 mi-3

Local Area Statistics

Population in DH6

33,466

Population in Durham

124,445

Town centre distance

6.11 miles away

Nearest school

0.40 miles away

Nearest train station

4.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £45,000

January 10, 2025

Floor Plans

Description

  • • For Sale by Modern Auction – T & C's apply• Subject to Reserve Price• Buyers fees apply• The Modern Method of Auction +
  • Two Bedroom Terraced House +
  • Two Double Bedrooms +
  • Lounge and Separate Dining Room +
  • Village Location +
  • Pleasant Open Views To Rear +
  • Ideal First Time Buy or Investment opportunity +
  • Awaiting EPC +

Pleasantly situated in the semi rural village Thornley which lies approximately 6 miles from Durham City with great access to the A19 and A1(M) with attractive open views to rear. Offered for sale through the Modern Method Of Action (Terms and Conditions Apply). Please visit for full details. This spacious two bedroom traditional terraced home offers spacious living accommodation with entrance hallway, lounge and separate dining room, both with feature fireplaces and the lounge having a bay window to front.  The ground floor is completed by a refitted kitchen with door leading to the enclosed rear yard.  The first floor presents two double bedrooms a lounge with a family bathroom with shower over bath.  Located in this pleasant and quiet side street with fa forecourt garden setting property back from the highway and with a yard to rear giting access to an attached outbuilding to the rear of the property.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Dowen, Durham

0191 625 0118

Next Steps?

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