2 Bed Flat, Single Let, Durham, DH7 8UH £70,000

Meadow Rise, Meadowfield, DH7 8UH - 3 views - 10 months ago

Sold STC

Leasehold

BTL

ROI: 11%

~49 m²

ValuationUndervalued

Sold Prices	£37K - £220K
Sold Prices/m²	£650/m² - £3.1K/m²

Square Metres	~48.96 m²
Price/m²	£1.4K/m²
Value Estimate	£86,800£86,800
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£4,700£4,700
Total Cash In	£22,200£22,200

Cash Out
Rent Range	£380 - £1,650£380 - £1,650
Rent Estimate	£563
Running Costs/mo	£351£351
Cashflow/mo	£212£212
Cashflow/yr	£2,540£2,540
ROI	11%11%
Gross Yield	10%10%

Local Sold Prices

26 sold prices from £37K to £220K, average is £70K. £650/m² to £3.1K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£70K	10/21	0.01 mi	30, Meadow Rise, Meadowfield, Durham DH7 8UH	£1,344	52	2	Flat
£70K	04/23	0.01 mi	28, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH	£1,373	51	2	Flat
£68K	05/23	0.01 mi	34, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH	£1,333	51	2	Flat
£67.5K	07/25	0.01 mi	4, Meadow Rise, Durham DH7 8UH	-	-	2	Flat
£68K	05/23	0.01 mi	34, Meadow Rise, Durham DH7 8UH	£1,333	51	2	Flat
£67.5K	01/24	0.01 mi	38, Meadow Rise, Durham DH7 8UH	£1,324	51	2	Flat
£67.5K	01/24	0.01 mi	38, Meadow Rise, Durham DH7 8UH	-	-	2	Flat
£73.3K	02/23	0.02 mi	35, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH	£1,431	51	2	Flat
£70K	08/23	0.02 mi	32, Meadow Rise, Durham DH7 8UH	£1,373	51	2	Flat
£70K	08/23	0.02 mi	32, Meadow Rise, Durham DH7 8UH	-	-	2	Flat
£67K	08/24	0.02 mi	33, Meadow Rise, Durham DH7 8UH	£1,367	49	2	Flat
£67K	08/24	0.02 mi	33, Meadow Rise, Durham DH7 8UH	-	-	2	Flat
£71K	07/23	0.03 mi	20, Meadow Rise, Durham DH7 8UH	£1,392	51	2	Flat
£71K	07/23	0.03 mi	20, Meadow Rise, Durham DH7 8UH	-	-	2	Flat
£37K	07/24	0.56 mi	11, St Andrews Square, Durham DH7 8NU	£740	50	2	Flat
£37K	07/24	0.56 mi	11, St Andrews Square, Durham DH7 8NU	-	-	2	Flat
£78K	03/25	0.56 mi	12, St Andrews Square, Durham DH7 8NU	£1,247	63	2	Flat
£78K	03/25	0.56 mi	12, St Andrews Square, Durham DH7 8NU	-	-	2	Flat
£175K	09/22	1.1 mi	7, Roundhaven, Durham, County Durham DH1 3TX	£2,431	72	2	Flat
£160K	11/21	1.1 mi	27, Roundhaven, Durham, County Durham DH1 3TX	£2,133	75	2	Flat
£39K	04/23	1.15 mi	15, Forest View, Durham DH7 8XB	£650	60	2	Flat
£39K	04/23	1.18 mi	15, Forest View, Brandon, Durham, County Durham DH7 8XB	£650	60	2	Flat
£125K	03/24	1.26 mi	5, School Court, Durham DH7 7RY	£1,404	89	2	Flat
£125K	03/24	1.26 mi	5, School Court, Durham DH7 7RY	-	-	2	Flat
£215K	06/23	1.44 mi	6, Lowes Wynd, Durham, County Durham DH1 4NT	£3,116	69	2	Flat
£220K	01/25	1.69 mi	17, Monument Court, Durham DH1 4PD	£2,619	84	2	Flat

Local Rents

43 rents from £380/mo to £1.6K/mo, average is £625/mo.

Rent	Date	Distance	Address	Beds	Type
£475	07/25	0.01 mi	Meadow Rise, Meadowfield	2	Flat
£775	07/25	0.01 mi	Meadow Rise, Meadowfield, DH7 8UH	2	Flat
£450	08/25	0.01 mi	Meadow Rise, Meadowfield, Durham	2	Flat
£650	09/25	0.01 mi	Meadow Rise, Meadowfield, Durham	2	Flat
£735	10/25	0.02 mi	Meadow Rise, Meadowfield, Durham, County Durham, DH7	2	Flat
£700	08/25	0.05 mi	Meadow Rise, Meadowfield, Durham, Durham, DH7 8UH	2	Flat
£700	12/24	0.05 mi	Meadow Rise, Meadowfield, Durham, Durham, DH7 8UH	2	Flat
£430	07/25	0.08 mi	Tennyson House, Meadowfield, Durham, DH7	2	Flat
£650	06/25	0.11 mi	Langley Moor, Durham	2	Flat
£650	09/25	0.11 mi	Langley Moor, Durham	2	Flat
£395	08/25	0.15 mi	Frederick Street North, Meadowfield	2	Terraced House
£595	11/25	0.15 mi	Frederick Street North, Meadowfield, Durham, DH7 8NB	2	House
£675	07/25	0.15 mi	Tennyson House, 1 Frederick Street North, Meadowfield, Durham, DH7 8NB	2	Flat
£700	02/25	0.17 mi	-	2	Terraced House
£750	09/25	0.17 mi	-	2	Terraced House
£650	12/24	0.17 mi	-	2	Terraced House
£625	06/25	0.17 mi	Frederick Street North, Meadowfield, Durham	2	Terraced House
£1,650	11/25	0.2 mi	Frederick Street South, Meadowfield, Durham	2	Flat
£850	11/25	0.2 mi	Frederick Street South, Meadowfield, Durham	2	Flat
£500	11/25	0.21 mi	Frederick Street South, Meadowfield, Durham, DH7	2	Terraced House
£650	04/25	0.21 mi	-	2	Terraced House
£395	08/25	0.21 mi	Frederick Street South, Meadowfield, Durham	2	Terraced House
£550	08/25	0.22 mi	Frederick Street South, Meadowfield, Durham, DH7	2	Terraced House
£675	11/24	0.27 mi	-	2	Terraced House
£650	11/25	0.28 mi	Frederick Street North, Meadowfield, Durham, DH7 8ND	2	House
£675	10/25	0.35 mi	High Street North, Langley Moor, Durham, DH7	2	Flat
£563	12/24	0.38 mi	High Street North, DH7	2	Flat
£380	08/25	0.39 mi	Commercial Street, Brandon Durham	2	Flat
£563	12/24	0.41 mi	High Street North - DH7	2	Flat
£585	10/25	0.44 mi	High Street North, DH7	2	Flat
£550	08/25	0.44 mi	High Street South, Langley Moor	2	Flat
£1,100	12/24	0.47 mi	Lowland Road, Brandon	2	Detached House
£700	06/25	0.49 mi	St Bedes Way, Langley Moor, Durham, DH7	2	Semi-Detached House
£400	08/25	0.55 mi	St Andrews Square, Brandon, Durham	2	Flat
£400	08/25	0.55 mi	St. Andrews Square, Durham, DH7	2	Flat
£550	08/25	0.55 mi	St Andrews Square, Brandon	2	Flat
£600	10/25	0.55 mi	St Andrews Square, Brandon, DH7 8NU	2	Flat
£600	11/25	0.55 mi	St Andrews Square, Brandon, DH7 8NU	2	Flat
£795	08/25	0.57 mi	Black Road, Langley Moor, Durham	2	Terraced House
£600	09/25	0.58 mi	Littleburn Lane, Langley Moor, Durham	2	Terraced House
£400	08/25	0.59 mi	Littleburn Lane , Langley Moor, DH7	2	Terraced House
£600	05/25	0.59 mi	-	2	Terraced House
£650	07/25	0.61 mi	Wesley Court, Langley Moor, Durham	2	Terraced House

Local Area Statistics

Population in DH7	40,84240,842
Population in Durham	124,445124,445
Town centre distance	2.44 miles away2.44 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	2.43 miles away2.43 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-8%-8%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £70,000

January 27, 2025

Floor Plans

Description

No Onward Chain +
Modern Apartment +
Close to Durham City +
Second Floor +
EPC Rating B +
Council Tax Band A +
Leasehold +

This modern second floor apartment would make a great purchase for an INVESTOR or first time buyer.

Located within a development only 3 miles from Durham City, Meadowfield itself offers a good range of local amenities.

With electric heating and UPVC double glazing throughout, the property briefly comprises; Secure communal entrance via an entry system. Upon entering the apartment there is a hallway, spacious and bright open plan kitchen/diner which features some integral appliances, two bedrooms, with the main bedroom leading into a Jack & Jill bathroom suite. Externally there is a allocated parking space and communal gardens.

The lease is 125 years from 1st January 2007.

Agent Details

Holbrook & Co, Hartlepool

01429 804171

Next Steps?

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