2 Bed Semi-Detached House, Refurb/BRRR, Durham, DH6 4BG, £85,000

Grange Crescent, Coxhoe, Durham, DH6 4BG - 1 views - 2 months ago

Refurb/BRRR
ROI: 3%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£51K - £144.9K
Sold Prices/m²£505/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£86,700

 

 

End Value (After Refurb)

£113,245

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£26,163

Bridging Loan Interest

£2,231

Total Cash In

£55,145

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£113,245

Mortgage (After Refinance)

£84,934

Mortgage LTV

75%

Cash Released

£21,184

Cash Left In

£33,961

Equity

£28,311

Rent Range

£550 - £800

Rent Estimate

£631

Running Costs/mo

£500

Cashflow/mo

£131

Cashflow/yr

£1,571

ROI

3%

Gross Yield

9%

Local Sold Prices

29 sold prices from £51K to £144.9K, average is £90K. £505/m² to £2.4K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£124K08/210.04 mi40, The Avenue, Coxhoe, Durham, County Durham DH6 4AG2
£87K07/230.05 mi10, Grange Crescent, Coxhoe, Durham, County Durham DH6 4BG2
£125K07/230.12 mi4, Leslie Villas, Coxhoe, Durham, County Durham DH6 4AE2
£80K06/210.2 mi107, The Grove, Coxhoe, Durham, County Durham DH6 4AP2
£75K03/230.2 mi60, The Grove, Coxhoe, Durham, County Durham DH6 4AP2
£144.9K08/210.22 mi19, Browning Hill, Coxhoe, Durham, County Durham DH6 4HB2
£69K11/210.22 mi14, Front Street East, Coxhoe, Durham, County Durham DH6 4DB2
£90K05/230.23 mi11, The Grove, Coxhoe, Durham, County Durham DH6 4AW2
£138K11/200.28 miMeadow Edge, Belgrave Avenue, Coxhoe, Durham, County Durham DH6 4AU2
£81K02/210.33 mi7, Belgrave Court, Coxhoe, Durham DH6 4BH2
£76K08/210.33 mi1, Belgrave Court, Coxhoe, Durham DH6 4BH2
£132K05/210.34 mi47, Hadleigh Court, Coxhoe, Durham DH6 4SJ2
£95K05/210.34 mi46, Hadleigh Court, Coxhoe, Durham DH6 4SJ2
£129K06/210.34 mi67, Hadleigh Court, Coxhoe, Durham DH6 4SJ2
£110K05/210.34 mi21, Hadleigh Court, Coxhoe, Durham DH6 4SJ2
£124K07/230.34 mi45, Hadleigh Court, Coxhoe, Durham, County Durham DH6 4SJ2
£91K07/230.34 mi34, Hadleigh Court, Coxhoe, Durham, County Durham DH6 4SJ2
£99.5K04/230.39 mi4, Linden Terrace, Coxhoe, Durham, County Durham DH6 4DT2
£58.5K07/210.44 mi9, Back Coronation Terrace, Coxhoe, Durham, County Durham DH6 4HQ2
£130K01/230.49 mi9, Foundry Close, Coxhoe, Durham, County Durham DH6 4LN2
£118K05/230.51 mi33, Prospect Place, Coxhoe, Durham, County Durham DH6 4LA2
£51K07/210.53 mi4, Gladstone Terrace, Coxhoe, Durham, County Durham DH6 4EG2
£85K07/210.59 mi8, West Terrace, Coxhoe, Durham, County Durham DH6 4HP2
£65K12/220.68 mi246, Woodland Crescent, Kelloe, Durham, County Durham DH6 4NA2
£75K12/220.86 mi18, Sharon Avenue, Kelloe, Durham, County Durham DH6 4NE2
£77K04/210.89 mi28, Woodland Crescent, Kelloe, Durham, County Durham DH6 4LX2
£56K03/230.93 mi12, Bridge Road, West Cornforth, Ferryhill, County Durham DL17 9JL2
£92K01/230.93 mi21, Bridge Road, West Cornforth, Ferryhill, County Durham DL17 9JL2
£59K11/200.98 mi4, Parkhill Estate, Coxhoe, Durham, County Durham DH6 4JH2

Local Rents

10 rents from £550/mo to £800/mo, average is £613/mo.

RentDateDistanceAddressBeds 
£70012/240.03 miThe Avenue, Coxhoe, Durham, Durham, DH62
£65012/240.05 miGrange Way, Bowburn, Durham, DH62
£80012/240.34 miHadleigh Court, Coxhoe2
£62511/240.42 mi-2
£69512/240.5 miSandgate, Coxhoe, Durham2
£58508/240.84 mi-2
£55004/241.08 miWindsor Terrace, West Cornforth,2
£55004/241.14 miWest View, West Cornforth, Ferryhill, DL172
£60010/231.16 mi-2
£55004/241.18 miGlebe Villas, West Cornforth, Ferryhill, Durham, DL172

Local Area Statistics

Population in DH6

33,466

Population in Durham

124,445

Town centre distance

5.17 miles away

Nearest school

0.60 miles away

Nearest train station

5.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £85,000

January 28, 2025

Floor Plans

Description

  • No onward chain +
  • Cul de sac location +
  • Fields to the side +
  • EPC RATING - TBC +
  • Two double bedrooms +
  • Off street parking +
  • In need of modernisation +
  • Lots of potential +
  • Popular village location +
  • Viewing highly recommended +

Enjoying a cul de sac location within the village of Coxhoe, Venture Properties offer for sale with no chain involved, this semi detached house with two double bedrooms. In need of modernisation, the property offers lots of potential for buyers to add their own stamp.

The well proportioned accommodation comprises to the ground floor on an entrance hallway leading in to a spacious living room, kitchen overlooking the rear garden and useful rear lobby which has a ground floor WC, large storage cupboard and access to the side of the property. To the first floor are two double bedrooms and bathroom/WC. Externally the corner plot has double gates providing access for off street parking and a mature garden extending to the rear. The garden is not directly overlooked and looks on to fields.

Coxhoe offers a wide range of local amenities including shops and a primary school. There are also good road links for commuting via the A1(M) and A177.

Ground Floor -

Hall - Entered via UPVC double glazed door. With a UPVC double glazed window to the front, radiator and stairs leading to the first floor.

Living Room - 4.23 x 3.60 (13'10" x 11'9") - Spacious living space with a UPVC double glazed window to the front, a feature fireplace housing an gas fire with back boiler, coving and radiator.

Kitchen - Fitted with a range of wall and floor units having contrasting worktops incorporating a sink and drainer unit with mixer tap, an electric cooker with extractor and space for a washing machine and fridge/freezer. Further features include a UPVC double glazed window to the rear, tiled splashbacks, radiator and understairs storage cupboard.

Rear Lobby - Having an external door to the side, radiator and large storage cupboard.

Wc - With a wc, hand wash basin, radiator and UPVC double glazed opaque window to the rear.

First Floor -

Landing - Having a radiator and UPVC double glazed window to the side.

Bedroom One - A generous double bedroom with a UPVC double glazed window to the front and storage cupboard..

Bedroom Two - A further UPVC double glazed window to the rear, radiator and storage cupboard.

Bathroom/Wc - Comprising of a panelled bath with mains fed shower over, pedestal wash basin and WC. Having a tiled splashbacks, radiator, extractor fan and UPVC double glazed opaque window to the side.

External -

Agent Details

Venture Properties, Durham

0191 625 0135

Next Steps?

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