2 Bed Bungalow, Single Let, Durham, DH7 7EL, £110,000

New Brancepeth, Durham, DH7 7EL - 2 views - 2 months ago

BTL
ROI: 3%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£42K - £187.5K
Sold Prices/m²£687/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£71,230

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£550 - £800

Rent Estimate

£550

Running Costs/mo

£474

Cashflow/mo

£76

Cashflow/yr

£915

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £42K to £187.5K, average is £80.8K. £687/m² to £2.6K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£53K11/210.06 mi10, Prospect Terrace, New Brancepeth, Durham, County Durham DH7 7EJ2
£59K04/230.06 mi6, Prospect Terrace, New Brancepeth, Durham, County Durham DH7 7EJ2
£56K07/210.07 mi19, Cooperative Terrace, New Brancepeth, Durham, County Durham DH7 7HY2
£52K08/230.07 mi21, Cooperative Terrace, New Brancepeth, Durham, County Durham DH7 7HY2
£120K10/210.51 mi23, Alum Waters, New Brancepeth, Durham DH7 7JL2
£148K12/210.51 mi3, Alum Waters, New Brancepeth, Durham DH7 7JL2
£65K12/200.51 mi48, Station Road, Ushaw Moor, Durham DH7 7PY2
£65K12/200.51 mi48, Station Road, Ushaw Moor, Durham DH7 7PY2
£113K04/230.57 mi11, Boundary Close, Ushaw Moor, Durham, County Durham DH7 7FB2
£75K07/210.63 mi13, High View, Ushaw Moor, Durham, County Durham DH7 7QQ2
£86K03/230.63 mi34, High View, Ushaw Moor, Durham, County Durham DH7 7QQ2
£67K06/210.68 mi2, South View, Ushaw Moor, Durham, County Durham DH7 7PS2
£66K11/200.68 mi13, South View, Ushaw Moor, Durham DH7 7PS2
£61.5K02/210.73 mi10, Temperance Terrace, Ushaw Moor, Durham DH7 7PQ2
£100K02/230.76 mi29, Ushaw Terrace, Ushaw Moor, Durham, County Durham DH7 7PD2
£72.5K11/210.76 mi5, Ushaw Terrace, Ushaw Moor, Durham DH7 7PD2
£48.5K03/231.12 mi6, Woodland Road, Bearpark, Durham, County Durham DH7 7DQ2
£127K02/231.15 mi16, Front Street, Broompark, Durham, County Durham DH7 7QX2
£51.5K08/211.15 mi26, Pine Lea, Brandon, Durham DH7 8SR2
£77K03/231.15 mi34, Pine Lea, Brandon, Durham, County Durham DH7 8SR2
£58.5K08/211.19 mi9, Poplar Lea, Brandon, Durham, County Durham DH7 8SP2
£76K08/231.19 mi10, Poplar Lea, Brandon, Durham, County Durham DH7 8SP2
£109K11/201.19 mi17, South View, Bearpark, Durham DH7 7DE2
£60K08/211.22 mi5, Auton Stile, Bearpark, Durham DH7 7AA2
£80K02/231.22 mi22, Linden Park, Brandon, Durham, County Durham DH7 8PX2
£90K12/221.22 mi17, Linden Park, Brandon, Durham, County Durham DH7 8PX2
£68K04/211.23 mi6, College View, Bearpark, Durham, County Durham DH7 7DY2
£80K04/211.24 mi2, Lime Park, Brandon, Durham DH7 8QD2
£95K12/221.26 mi7, George Terrace, Bearpark, Durham, County Durham DH7 7AQ2
£72.5K04/211.33 mi76, Taylor Avenue, Bearpark, Durham DH7 7AY2
£70K11/211.34 mi97, Taylor Avenue, Bearpark, Durham DH7 7AX2
£85K01/211.35 mi102, Taylor Avenue, Bearpark, Durham, County Durham DH7 7AY2
£80K11/201.4 mi12, Red Ridges, Brandon, Durham, County Durham DH7 8QP2
£138.5K03/231.4 mi20, Aldin Grange Terrace, Bearpark, Durham, County Durham DH7 7AN2
£100K09/211.45 mi16, Briar Avenue, Brandon, Durham DH7 8AJ2
£81.5K11/201.46 mi39, Briar Avenue, Brandon, Durham, County Durham DH7 8AL2
£85K02/211.58 mi27, Dominion Road, Brandon, Durham DH7 8AY2
£116.5K08/211.59 mi15, Camberley Drive, Brandon, Durham, County Durham DH7 8TD2
£106K06/211.6 mi17, Station Road, Meadowfield, Durham, County Durham DH7 8NF2
£95K12/201.62 mi82, Cavendish Court, Brandon, Durham, County Durham DH7 8UW2
£114K01/211.62 mi54, Cavendish Court, Brandon, Durham DH7 8UW2
£107K02/211.62 mi74, Cavendish Court, Brandon, Durham DH7 8UW2
£140K02/231.65 mi12, St Bedes Way, Langley Moor, Durham, County Durham DH7 8YB2
£125K03/211.65 mi2, St Bedes Way, Langley Moor, Durham DH7 8YB2
£145K03/231.65 mi1, St Bedes Way, Langley Moor, Durham, County Durham DH7 8YB2
£187.5K12/221.65 mi36, Winchester Drive, Brandon, Durham, County Durham DH7 8UG2
£100.5K08/211.67 mi26, Roman Road, Brandon, Durham DH7 8UF2
£112.5K11/201.67 mi24, Roman Road, Brandon, Durham DH7 8UF2
£42K03/211.67 mi30, Roman Road, Brandon, Durham DH7 8UF2
£75K10/201.67 mi8, Black Road, Langley Moor, Durham, County Durham DH7 8LW2

Local Rents

12 rents from £550/mo to £800/mo, average is £680/mo.

RentDateDistanceAddressBeds 
£80012/240.01 mi-2
£65011/230.01 mi-2
£55012/240.05 miWaltons Terrace, New Brancepeth, Durham2
£75012/240.57 miBoundary Close, Ushaw Moor, Durham2
£70009/240.66 mi-2
£55012/240.72 miTemperance Terrace, Ushaw Moor, County Durham2
£55012/240.84 miAldridge Court, Ushaw Moor, Durham, DH72
£71512/240.85 miSilver Tree Gardens, Durham, County Durham, DH72
£62512/241.14 miPear Lea, Brandon, Durham City, DH72
£75012/241.15 miFront Street, Broompark, DH72
£66010/241.16 mi-2
£80012/241.23 miAuton Stile, Bearpark, Durham2

Local Area Statistics

Population in DH7

40,931

Population in Durham

124,445

Town centre distance

3.07 miles away

Nearest school

1 miles away

Nearest train station

2.83 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £110,000

January 27, 2025

Floor Plans

Description

  • Two Bedroom Terraced Bungalow +

  • Vacant Possession +

  • Well Presented +

  • Council Tax Band A +

  • EPC - D +

  • Approx. 56sqm/603sqft Accommodation. +

Offered to market with vacant possession, this well presented two double bedroom true bungalow is situated in New Brancepeth which is around three miles from the centre of Durham whilst offering a semi rural setting.

The accommodation is traditionally laid out with a front facing sitting room presented in neutral tones whilst to the rear a modern dining kitchen has a range of appliances with access out the the rear yard. Two double bedrooms are on offer with a modern three piece bathroom suite servicing these rooms well,

Externally, to the front elevation a garden stretches down to the road side, whilst to the rear a gated yard presents the opportunity for off street parking with an outhouse for storage.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QDR250009/2

Agent Details

YOUR MOVE Chris Stonock, Durham

0191 625 1062

Next Steps?

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