3 Bed Semi-Detached House, Refurb/BRRR, Durham, DH1 2TN, £135,000

Habgood Drive, Gilesgate, Durham, DH1 2TN - 2 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 14%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£79.5K - £345K
Sold Prices/m²£1.1K/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£139,050
BMV3%

 

 

End Value (After Refurb)

£145,340

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£35,600

Bridging Loan Interest

£3,544

Total Cash In

£79,894

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£145,340

Mortgage (After Refinance)

£109,005

Mortgage LTV

75%

Cash Released

£7,755

Cash Left In

£72,139

Equity

£36,335

Rent Range

£600 - £2,500

Rent Estimate

£1,743

Running Costs/mo

£823

Cashflow/mo

£920

Cashflow/yr

£11,043

ROI

14%

Gross Yield

15%

Local Sold Prices

50 sold prices from £79.5K to £345K, average is £152K. £1.1K/m² to £2.8K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£117.5K03/210.03 mi6, Habgood Drive, Durham DH1 2TW3
£113K01/210.03 mi46, Habgood Drive, Durham DH1 2TW3
£129.3K08/230.03 mi20, Habgood Drive, Durham, County Durham DH1 2TW3
£130K07/230.03 mi52, Habgood Drive, Durham, County Durham DH1 2TW3
£104.5K11/210.11 mi6, Goodyear Crescent, Durham, County Durham DH1 2EB3
£106K10/200.13 mi24, Fir Avenue, Durham DH1 2EU3
£79.5K11/200.17 mi35, Maple Avenue, Durham DH1 2HB3
£110K07/230.19 mi51, Laurel Avenue, Durham, County Durham DH1 2EZ3
£170K06/230.2 mi48, Frank Street, Durham, County Durham DH1 2JF3
£148K10/220.25 mi21, Frank Street, Durham, County Durham DH1 2JF3
£126K02/210.31 mi36, The Moorlands, Durham, County Durham DH1 2LD3
£105K11/200.35 mi33, Edge Court, Durham DH1 2JY3
£130K07/210.4 mi5, North View, Durham, County Durham DH1 2LE3
£151K03/210.4 mi93, Musgrave Gardens, Durham, County Durham DH1 1PJ3
£186K02/230.41 mi97, Musgrave Gardens, Gilesgate, Durham, County Durham DH1 1PJ3
£155K07/210.44 mi59, Musgrave Gardens, Durham, County Durham DH1 1PL3
£157K06/210.44 mi1, Peel Avenue, Durham, County Durham DH1 2HU3
£145.6K11/210.44 mi3, Kepier Crescent, Durham DH1 1PG3
£165K05/230.44 mi16, Kepier Crescent, Durham, County Durham DH1 1PG3
£150K05/210.44 mi70, Mackintosh Court, Gilesgate, Durham DH1 1PZ3
£237.5K03/210.44 mi71, Mackintosh Court, Gilesgate, Durham DH1 1PZ3
£162.5K06/210.46 mi6, Bevan Grove, Durham DH1 2LQ3
£153K05/210.46 mi7, Bevan Grove, Durham DH1 2LQ3
£175K04/230.49 mi14, Musgrave Gardens, Gilesgate, Durham, County Durham DH1 1PN3
£119K11/200.49 mi35, Musgrave Gardens, Durham, County Durham DH1 1PN3
£220K12/220.49 mi14, Mackintosh Court, Gilesgate, Durham, County Durham DH1 1PY3
£220K03/210.49 mi23, Mackintosh Court, Gilesgate, Durham, County Durham DH1 1PY3
£130K12/200.5 mi52, Annand Road, Durham, County Durham DH1 1PP3
£125K11/200.51 mi33, Sharp Crescent, Durham DH1 1PE3
£140K06/210.57 mi1, Aspen Close, Gilesgate, Durham, County Durham DH1 1EE3
£345K06/230.58 mi8, St Giles Close, Gilesgate, Durham, County Durham DH1 1XH3
£160K07/230.58 mi3, Hawthorn Crescent, Gilesgate, Durham, County Durham DH1 1ED3
£120K01/210.6 mi94, Bradford Crescent, Durham DH1 1HW3
£199.9K12/220.62 mi4, Roosevelt Road, Durham, County Durham DH1 1PR3
£225K02/230.63 mi10, Cheshire Drive, Durham, County Durham DH1 2LR3
£140K04/210.66 mi11, Poplar Drive, Durham DH1 1DR3
£152K11/200.66 mi6, Poplar Drive, Durham, County Durham DH1 1DR3
£150K01/210.66 mi19, Poplar Drive, Durham, County Durham DH1 1DR3
£164K10/210.66 mi22, Cypress Grove, Durham, County Durham DH1 1DN3
£216K01/210.67 mi7, Heaviside Place, Durham DH1 1JG3
£152K03/210.68 mi86, Devonshire Road, Durham, County Durham DH1 2BH3
£212K04/230.68 mi11, Long Acres, Durham, County Durham DH1 1JF3
£195K01/230.68 mi44, Long Acres, Durham, County Durham DH1 1JF3
£131.5K08/210.68 mi29, Montgomery Road, Durham DH1 1EZ3
£125K04/210.68 mi15, Montgomery Road, Durham, County Durham DH1 1EZ3
£155K05/210.71 mi120, Moor Crescent, Durham, County Durham DH1 1DL3
£160K02/210.71 mi114, Moor Crescent, Durham, County Durham DH1 1DL3
£170K03/210.71 mi73, Devonshire Road, Durham DH1 2BJ3
£202K07/230.71 mi51, Devonshire Road, Durham, County Durham DH1 2BJ3
£212.5K12/220.71 mi49, Devonshire Road, Durham, County Durham DH1 2BJ3

Local Rents

25 rents from £600/mo to £2.5K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£72510/240.16 mi-3
£1,42512/240.25 mi-3
£90002/250.42 mi-3
£1,10012/240.48 miMackintosh Court, Gilesgate, Durham, Durham, DH1 1PY3
£1,90012/240.53 mi-3
£2,50009/240.53 mi-3
£2,50002/250.53 mi-3
£1,90012/240.53 miAnnand Road, Durham, DH13
£60012/240.56 mi-3
£85012/240.62 miWhiteoak Avenue, Durham, County Durham, DH13
£2,50012/240.65 miMagdalene Street, County Durham, DH13
£2,50012/240.65 mi-3
£2,50002/250.65 mi-3
£2,50001/250.65 mi-3
£2,50002/250.65 mi-3
£89512/240.66 miPoplar Drive, Gilesgate3
£1,15012/240.67 miMagdalene Street, Gilesgate3
£2,40012/240.72 mi-3
£2,40012/240.72 mi-3
£2,40008/240.72 mi-3
£2,50012/240.72 mi-3
£95012/240.72 miDevonshire Road, Belmont, Durham3
£95011/230.9 mi-3
£1,80012/240.91 miIllingworth Grove, Durham, DH13
£1,15012/241.23 miQuarryheads Lane, Durham, County Durham, DH13

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.15 miles away

Nearest school

0.20 miles away

Nearest train station

1.52 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £135,000

January 12, 2025

Floor Plans

Description

  • 3 Bedroom Semi Detached House +
  • Requiring Modernisation +
  • Spacious Accommodation +
  • Private Rear Garden +
  • Driveway And Garage +
  • No Chain +

Available with no onward chain, we offer for sale this good sized three bedroomed semi detached property requiring some cosmetic updating and modernisation.

The property itself has a floor plan which briefly comprises: entrance lobby with internal door to the garage, open plan lounge/diner with window to front and French doors opening through to the conservatory which in turn has doors opening onto the rear garden. There is a kitchen with a range of floor and wall units, gas hob with extractor fan over, separate electric oven under, plumbing and space for washing machine, under counter space for fridge and tumble dryer and a door to the rear garden. To the first floor there are three bedrooms and a bathroom with a coloured suite comprising low level wc, pedestal wash hand basin, panelled bath with shower mixer tap and electric wall mounted shower over. Externally there are gardens to the front and rear laid to lawn with flowering shrubs and borders and a patio area for seating in the rear garden. There is a driveway to the front providing parking which in turn gives access to a garage with up and over door, light and power.

Habgood Drive is situated close to a range of local shops and amenities available within Gilesgate with a more comprehensive range of shopping and recreational facilities and amenities available within Durham City Centre which lies approximately 2 miles distant. Gilesgate is also well placed for commuting purposes as it lies a short drive from the A1(M) Motorway Interchange at Carrville which provides good road links to both North and South.

Agent notes:
Council Tax band - B
Utilities: Mains gas, electricity, water (metered) and sewerage
Mobile Phone Coverage: Limited coverage from all the major networks
Broadband Estimated speed:
Standard 9 Mbps
Superfast 80 Mbps
Ultrafast 9000 Mbps
Flood Risk: Rivers & Seas - No Risk, Surface Water – Low
Covenants: There are standard estate covenants on this property, this can be provided on request.
Mining: Please note this property is situated in a former mining area.
Article 4 planning restrictions apply

Agent Details

J W Wood, Durham City

0191 625 0838

Next Steps?

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