5 Bed HMO, Durham, DH1 2JP, £450,000

Malvern Villas, Durham, County Durham, DH1 2JP - 2 views - 2 months ago

HMO
ROI: 2%
~178 m²
+8 photos

ValuationOvervalued

Sold Prices£173K - £715K
Sold Prices/m²£1.2K/m² - £4.5K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.5K/m²

Value Estimate

£397,999

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£28,700

Total Cash In

£141,200

 

 

Cash Out

 

Room Rate

£607

Gross Rent

£3,035

Running Costs/mo

£2,660

Cashflow/mo

£375

Cashflow/yr

£4,505

ROI

3%

Gross Yield

8%

Local Sold Prices

38 sold prices from £173K to £715K, average is £387.5K. £1.2K/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£405K03/230.4 mi46, The Sidings, Durham, County Durham DH1 1HS5
£255K10/200.52 mi58, Pilgrims Way, Durham, County Durham DH1 1HQ5
£305K12/200.52 mi34, Orchard Drive, Durham DH1 1LA5
£256K07/210.56 mi90, Moor Crescent, Durham, County Durham DH1 1DJ5
£260K08/230.6 mi32, Rowan Tree Avenue, Durham, County Durham DH1 1DU5
£215K10/210.63 mi23, Rowan Tree Avenue, Durham DH1 1DX5
£465K03/210.64 mi22, Ferens Park, Durham DH1 1NU5
£395K03/210.65 mi11, Hornbeam Close, Durham, County Durham DH1 1EN5
£450K02/210.67 mi210, Gilesgate, Durham, County Durham DH1 1QN5
£370K08/210.69 mi6, Ferens Close, Durham, County Durham DH1 1JX5
£300K02/210.76 mi41, Wearside Drive, Durham, County Durham DH1 1LE5
£715K06/210.88 mi8, Church Street, Durham, County Durham DH1 3DG5
£400K10/211.25 mi10, Quarryheads Lane, Durham, County Durham DH1 3DY5
£280K09/211.31 mi10, Rosedale Road, Durham, County Durham DH1 2AS5
£269.9K04/211.47 mi32, Scardale Way, Durham DH1 2TX5
£173K01/211.49 mi111, Grinstead Way, Durham, County Durham DH1 1LY5
£595K01/231.5 miAlbert House, The Avenue, Durham, County Durham DH1 4EB5
£315K05/211.52 miSilver Howe, Hillcrest, High Shincliffe, Durham, County Durham DH1 2PQ5
£555K09/211.55 mi12, North End, Durham, County Durham DH1 4NJ5
£590K11/201.6 mi62, Archery Rise, Durham, County Durham DH1 4LA5
£550K10/221.6 mi50, Archery Rise, Durham, County Durham DH1 4LA5
£340K02/211.61 mi2, Foxton Way, High Shincliffe, Durham, County Durham DH1 2PJ5
£377K04/211.65 mi64, Kirkwood Drive, Durham DH1 4FF5
£319K08/231.65 mi49, Kirkwood Drive, Durham, County Durham DH1 4FF5
£395K10/201.72 mi20, St Johns Road, Durham, County Durham DH1 4NU5
£695K06/231.76 miWellsprings, 4, Springfield Park, Durham, County Durham DH1 4LS5
£490K11/201.76 miFernlea, Springfield Park, Durham, County Durham DH1 4LS5
£380K04/211.77 mi33, Dalton Crescent, Durham DH1 4FB5
£500K07/231.77 mi19, Springwell Road, Durham, County Durham DH1 4LR5
£350K06/211.78 mi15, Surtees Drive, Durham DH1 4AR5
£424K11/201.79 mi43, Ancroft Garth, High Shincliffe, Durham, County Durham DH1 2UD5
£500K02/231.81 mi23, Springwell Road, Durham, County Durham DH1 4LR5
£370K03/211.81 mi7, Apperley Avenue, High Shincliffe, Durham DH1 2TY5
£455K05/211.82 miSpringwell Hollow, Whitesmocks, Durham DH1 4LJ5
£550K11/211.84 mi11, Dickens Wynd, Durham, County Durham DH1 3QR5
£550K06/231.87 mi24, Whitwell Acres, High Shincliffe, Durham, County Durham DH1 2PX5
£280K05/231.88 mi86, Rothbury Road, Newton Hall, Durham, County Durham DH1 5QB5
£190K06/211.96 mi14, South Terrace, Durham, County Durham DH1 5EN5

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

0.89 miles away

Nearest school

0.10 miles away

Nearest train station

1.21 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £450,000

March 24, 2025

Listed for £500,000

January 29, 2025

Floor Plans

Description

  • 5 Bedroom - 5 Bathroom House +
  • Superb Investment Property - Student Let +
  • Refurbished To High Standard Internally +
  • Well Presented Throughout +
  • Currently Let At £175 Per Room Per Week - Let Agreed For 2025/26 +
  • Gross Annual Income At Current Rental Circa £46,000 +
  • Solar Panels Fitted, All Modern Refitted Shower Rooms and Kitchen +
  • HMO Property +
  • Solar Panels Fitted +
  • EPC Rating - B +

Spacious Five-Bedroom Student Investment Property. We are thrilled to present this generously proportioned five-bedroom student investment property, currently tenanted until the end of July 2026. The property features four double bedrooms, each with en-suite shower rooms and WCs, along with a fifth double bedroom that benefits from its own separate shower room. Key Investment Highlights: Annual Gross Rent: Approximately £46,000 (including utilities) until June 2025. Future Tenancy Secured: Let agreed for the 2025/26 academic year. Fully Furnished Sale: The property is sold with all furniture, fixtures, and fittings included. Modern Efficiency Features: Benefits from UPVC windows, a modern gas central heating system, and solar panels, significantly reducing energy costs. HMO Licence: Licensed for five bedrooms. Development Potential: Opportunity to expand into the attic space (subject to obtaining the necessary consents and permissions). Property Layout: Ground Floor: Entrance porch and hallway, two double en-suite bedrooms, and a lounge with open-plan access to a contemporary refitted kitchen featuring built-in appliances. First Floor: Landing leading to three additional double bedrooms, two with en-suite shower rooms, and a separate shower room for the fifth bedroom. The property has been meticulously maintained, with recent updates to the electrics, heating system, décor, and flooring, creating a stylish, modern, and comfortable living environment for tenants. This property represents a fantastic investment opportunity, combining high rental income, long-term tenancy agreements, and future development potential.

Solar Panels fitted, Current HMO Licence, Let for Academic year 2025/26 at £175 per room per week.

Agent Details

Dowen, Durham

0191 625 0118

Next Steps?

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