2 Bed Terraced House, Single Let, Durham, DH7 9YL, £59,950

George Street, Langley Park, Durham, DH7 9YL - 2 months ago

Auction
BTL
ROI: 13%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£42.5K - £140K
Sold Prices/m²£694/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£880/m²

Value Estimate

£73,702
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,988

Stamp Duty & Legal Fees

£3,150

Total Cash In

£18,138

 

 

Cash Out

 

Rent Range

£500 - £3,000

Rent Estimate

£550

Running Costs/mo

£317

Cashflow/mo

£233

Cashflow/yr

£2,792

ROI

15%

Gross Yield

11%

Local Sold Prices

29 sold prices from £42.5K to £140K, average is £80K. £694/m² to £1.8K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£86K12/220 mi14, Durham Street, Langley Park, Durham, County Durham DH7 9YJ2
£82K02/210 mi9, Durham Street, Langley Park, Durham DH7 9YJ2
£140K07/210.03 mi21, Langley Street, Langley Park, Durham DH7 9YH2
£75K06/230.03 mi22, Logan Street, Langley Park, Durham, County Durham DH7 9YN2
£75K02/230.07 mi4, Dale Street, Langley Park, Durham, County Durham DH7 9YW2
£75K05/210.07 mi11, Dale Street, Langley Park, Durham DH7 9YW2
£80K04/230.09 mi7, D'arcy Street, Langley Park, Durham, County Durham DH7 9YP2
£78K12/200.09 mi9, D'arcy Street, Langley Park, Durham, County Durham DH7 9YP2
£82K12/220.11 mi2, Thomas Street, Langley Park, Durham, County Durham DH7 9SB2
£51.5K04/230.15 mi3, Oak Street, Langley Park, Durham, County Durham DH7 9ST2
£56K03/230.16 mi2, Elm Street, Langley Park, Durham, County Durham DH7 9SU2
£80K12/200.18 mi5, Linden Mews, Langley Park, Durham DH7 9DZ2
£90K08/210.2 mi6, Hawthorne Terrace, Langley Park, Durham DH7 9SH2
£72.5K01/230.21 mi5, Ash Street, Langley Park, Durham, County Durham DH7 9SZ2
£130K05/210.22 mi1, Hospital Road, Langley Park, Durham, County Durham DH7 9UD2
£43.8K02/210.23 mi8, Laurel Terrace, Langley Park, Durham, County Durham DH7 9SW2
£65K09/210.25 mi7, Aged Miners Homes, Langley Park, Durham, County Durham DH7 9XP2
£62.5K03/230.25 mi16, Finings Street, Langley Park, Durham, County Durham DH7 9UE2
£110K06/210.27 mi1, Crossways, Langley Park, Durham DH7 9XU2
£70K03/210.3 mi18, Springwell Avenue, Langley Park, Durham, County Durham DH7 9XT2
£42.5K04/210.3 mi6, Springwell Close, Langley Park, Durham, County Durham DH7 9XX2
£55K05/210.34 mi36, East Clere, Langley Park, Durham, County Durham DH7 9XZ2
£80K09/210.34 mi48, East Clere, Langley Park, Durham, County Durham DH7 9XZ2
£97K07/230.35 mi7, East Clere, Langley Park, Durham, County Durham DH7 9XY2
£106K09/210.38 mi21, Netherton Close, Langley Park, Durham DH7 9FB2
£95K03/230.54 mi61, The Crescent, Langley Park, Durham, County Durham DH7 9UL2
£80K08/210.54 mi47, The Crescent, Langley Park, Durham DH7 9UL2
£79K05/230.65 mi21, Davis Crescent, Langley Park, Durham, County Durham DH7 9UP2
£135K11/210.91 mi6, Consett Terrace, Esh, Durham DH7 9QT2

Local Rents

50 rents from £500/mo to £3K/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£67512/240 miDurham Street, Langley Park, Durham, County Durham, DH72
£50012/240.05 miRailway Street, Langley Park, DH72
£55012/240.07 miQuebec Street, Langley Park, Durham3
£62512/240.12 miIvy Terrace, Langley Park, Durham, DH73
£60003/250.16 mi-2
£60012/240.16 miElm Street, Langley Park, Durham, Durham, DH73
£65012/240.2 mi-3
£57512/240.21 miLarch Terrace, Langley Park, Durham, DH72
£75012/240.22 miPark Drive, Langley Park3
£57512/240.22 miLime Terrace, Langley Park, Durham, DH7 9SN2
£62012/230.38 mi-2
£75012/241.07 miFront Street, Esh, Durham, DH72
£3,00012/241.21 mi-4
£3,00001/251.21 mi-4
£3,00003/251.21 mi-4
£80012/241.37 miWitton Gilbert , Durham3
£80012/241.57 miLouisa Terrace, Witton Gilbert, Durham2
£65002/251.58 mi-3
£1,25012/241.65 miGrant Close, Ushaw Moor, Durham, DH74
£78512/241.71 mi-3
£78502/251.71 mi-3
£55012/241.74 miTemperance Terrace, Ushaw Moor, County Durham2
£65012/241.74 miFlass Terrace, Ushaw Moor, Durham3
£57512/241.76 miArthur Street, Ushaw Moor, Durham, DH73
£1,70012/241.78 mi-3
£1,85001/251.78 mi-3
£2,10003/251.78 mi-3
£2,20003/251.8 mi-3
£75012/241.81 miFyndoune Way, Witton Gilbert, Durham2
£67502/251.83 mi-3
£57512/241.86 miDene Court, Witton Gilbert, Durham, DH72
£70009/241.92 mi-2
£65012/241.94 miWestwood View, Sacriston, DH73
£65002/251.98 mi-3
£2,40012/241.99 mi-3
£65009/242.01 mi-3
£55012/242.01 miAldridge Court, Ushaw Moor, Durham, DH72
£57512/242.06 miSouth Terrace, Esh Winning2
£80012/242.06 miAuton Stile, Bearpark, Durham2
£75012/242.08 miBoundary Close, Ushaw Moor, Durham2
£57512/242.08 miSouth Terrace, Esh Winning, Durham, Durham, DH7 9PS2
£1,20012/242.08 mi-1
£56503/252.09 mi-3
£75012/242.12 mi-3
£75012/242.12 mi-3
£63003/252.12 mi-3
£65002/252.13 mi-3
£57509/232.14 mi-3
£65008/242.14 mi-3
£2,80012/242.15 miWellsprings Farm, Hartside, Durham, DH13

Local Area Statistics

Population in DH7

40,931

Population in Durham

124,445

Town centre distance

4.26 miles away

Nearest school

0.20 miles away

Nearest train station

3.88 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Price changed to £59,950

February 16, 2025

Listed for £65,000

January 16, 2025

Floor Plans

Description

  • For Sale by Modern Auction +
  • Option 1, 30th January 2025 +
  • Extended Mid Terrace +
  • Cosmetic Improvement Required +
  • Potential for Off Street Parking +
  • Close to Shops & Schools +

For sale by the modern method of auction on 30th January 2025, Option 1,

An extended mid-terraced home requiring cosmetic updating but providing good-sized accommodation with gas central heating and double glazing. Conveniently situated within the village for access to the local shops, schools and transport links. Briefly, the property comprises an entrance hallway, a lounge, a separate dining room, a kitchen/breakfast room, two double bedrooms, and a bathroom with a white suite. Externally there is an enclosed garden to the front and an enclosed yard to the rear. There is the potential for off-street parking to the rear by removing the roadside fence. Ideally suited to the first-time buyer or buy-to-let investor, with a potential rental income of £7,800 per annum.

EPC Grade - E
Council Tax Band - A

There is a range of local shops and amenities available within the village itself, with a more comprehensive range of shopping and recreational facilities and amenities available within Durham City Centre which lies approximately 6 miles distant. Langley Park is well placed for commuting purposes as it lies adjacent to a good local road network providing access to other regional centres.

Agents Notes
Tenure: Freehold.
Utilities: Mains electricity, gas, water & drainage.
Flood Risk: Rivers & Seas = No Risk / Surface Water = Very Low
Mobile Phone Coverage is good via O2, Three & EE.
Satellite & Cable TV availability: BT, Sky & Virgin
Broadband Estimated Speeds: Standard (7 mbps), Superfast (80 mbps).
Restrictive Covenants Apply: enquire with agent.
Situated within a former mining area.
Selective Licencing Area = No.

Agent Details

J W Wood, Durham City

0191 625 0838

Next Steps?

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