3 Bed Detached House, Refurb/BRRR, Durham, DH1 5DW, £220,000

Front Street, Pity Me, County Durham, DH1 5DW - 3 views - 2 months ago

BTL
Refurb/BRRR
ROI: 6%
~93 m²

ValuationOvervalued

Sold Prices£100K - £400K
Sold Prices/m²£1.4K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£168,626

 

 

End Value (After Refurb)

£203,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£35,600

Bridging Loan Interest

£5,775

Total Cash In

£105,925

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£203,000

Mortgage (After Refinance)

£152,250

Mortgage LTV

75%

Cash Left In

£105,925

Equity

£50,750

Rent Range

£775 - £3,000

Rent Estimate

£1,463

Running Costs/mo

£947

Cashflow/mo

£516

Cashflow/yr

£6,192

ROI

6%

Gross Yield

8%

Local Sold Prices

50 sold prices from £100K to £400K, average is £166.7K. £1.4K/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£118K09/210 mi28, Front Street, Pity Me, Durham, County Durham DH1 5DW3
£125K02/230.09 mi2, The Forge, Pity Me, Durham, County Durham DH1 5RU3
£150K06/210.09 miWoodleigh Cottage, Abbey Road, Durham DH1 5DQ3
£100K10/210.17 mi33, The Avenue, Pity Me, Durham DH1 5DY3
£105K11/200.18 mi6, The Avenue, Pity Me, Durham DH1 5DY3
£120K07/210.19 mi14, Oxley Terrace, Durham DH1 5DU3
£229K04/210.31 mi11, Beaumont Close, Framwellgate Moor, Durham DH1 5FF3
£240K09/210.33 mi7, Augustine Close, Framwellgate Moor, Durham DH1 5FE3
£203K06/230.38 mi12b, Bridgemere Drive, Framwellgate Moor, Durham, County Durham DH1 5FG3
£249.1K07/230.45 mi1, Alexandra Close, Framwellgate Moor, Durham, County Durham DH1 5ED3
£215K01/230.45 mi10, Alexandra Close, Framwellgate Moor, Durham, County Durham DH1 5ED3
£170K06/210.46 mi18, Raby Road, Durham DH1 5NJ3
£100K10/200.51 mi13, North Terrace, Durham DH1 5EF3
£190K05/210.52 mi2, Ryelands Way, Durham DH1 5GR3
£150K05/210.52 mi3, Beaver Close, Durham DH1 5GS3
£200K07/230.52 mi59, Alnwick Road, Newton Hall, Durham, County Durham DH1 5NN3
£170K03/210.53 mi82, Alnwick Road, Newton Hall, Durham, County Durham DH1 5PD3
£282.5K06/230.53 mi81, Alnwick Road, Newton Hall, Durham, County Durham DH1 5PD3
£210K06/230.53 mi82, Alnwick Road, Newton Hall, Durham, County Durham DH1 5PD3
£135K11/210.55 mi9, Lund Avenue, Durham, County Durham DH1 5BJ3
£180K06/210.56 mi6, Lumley Road, Durham DH1 5NP3
£100K03/230.56 mi6, Durham Terrace, Durham, County Durham DH1 5EH3
£195K01/230.58 mi22, Bamburgh Road, Durham, County Durham DH1 5NW3
£168K01/210.58 mi24, Bamburgh Road, Durham, County Durham DH1 5NW3
£141K01/210.6 mi43, Caterhouse Road, Durham, County Durham DH1 5HR3
£294K09/210.65 mi25, Lumley Road, Durham, County Durham DH1 5NR3
£175K03/210.65 mi22, Lumley Road, Durham, County Durham DH1 5NR3
£160K06/230.65 mi1, Newton Drive, Durham, County Durham DH1 5AZ3
£145K10/210.65 mi1, Newton Drive, Durham, County Durham DH1 5AZ3
£260K10/200.68 mi15, Rosemount, Durham, County Durham DH1 5GA3
£400K10/220.68 mi42, Rosemount, Durham, County Durham DH1 5GA3
£121.5K01/230.69 mi14, Brackenfield Road, Durham, County Durham DH1 5HX3
£165.3K02/210.69 mi24, Hylton Road, Durham, County Durham DH1 5LS3
£127.1K01/210.7 mi12, Ghyll Field Road, Durham, County Durham DH1 5HU3
£150K02/230.7 mi32, Hylton Road, Durham, County Durham DH1 5LS3
£165K11/210.71 mi19, Middleham Road, Durham, County Durham DH1 5QH3
£230K12/220.71 mi40, Richmond Road, Durham, County Durham DH1 5NS3
£125K04/210.74 mi1, Lilac Avenue, Framwellgate Moor, Durham, County Durham DH1 5JD3
£135.6K07/210.74 mi25, Lilac Avenue, Durham DH1 5JD3
£198.5K07/210.76 mi19, Chichester Road, Durham DH1 5QG3
£184K01/230.77 mi18, Rochester Road, Durham, County Durham DH1 5QD3
£173K12/200.78 mi9, Wolsingham Drive, Durham, County Durham DH1 5SP3
£155K10/220.78 mi115, Farnham Road, Durham, County Durham DH1 5LN3
£128.5K09/210.78 mi111, Farnham Road, Durham DH1 5LN3
£145K12/200.8 mi36, Lilac Avenue, Framwellgate Moor, Durham, County Durham DH1 5JB3
£210K04/230.81 mi10, Chichester Road, Durham, County Durham DH1 5QL3
£182.5K08/210.81 mi15, Chichester Road, Durham, County Durham DH1 5QL3
£188K12/200.81 mi2, Chichester Road, Durham DH1 5QL3
£122K08/210.81 mi76, Barrasford Road, Durham, County Durham DH1 5YG3
£151.8K12/220.81 mi97, Farnham Road, Durham, County Durham DH1 5LN3

Local Rents

17 rents from £775/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89501/250.1 mi-3
£77512/240.48 miVictoria Court, Durham, DH13
£80009/230.56 mi-3
£3,00001/250.56 mi-3
£2,50003/250.61 mi-3
£2,50003/250.61 mi-3
£1,45010/240.62 mi-3
£1,10010/240.62 mi-3
£87508/230.64 mi-3
£2,50012/240.66 mi-3
£89509/230.68 mi-3
£97012/240.68 mi-3
£97512/240.8 miRochester Road, Newton Hall, Durham, DH13
£1,30012/240.86 miCaley Rise, Pity ME, Durham, DH1 5UN3
£97512/240.94 miPorter Close, Aykley Heads, Durham3
£1,40012/240.94 miSergeant Close, Aykley Heads, Durham, DH13
£3,00003/250.95 mi-3

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.98 miles away

Nearest school

0.40 miles away

Nearest train station

1.66 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £220,000

February 4, 2025

Floor Plans

Description

  • Desirable Location +
  • Project +
  • Spacious Property +
  • Buy to Let Opportunity +

Situated in the peaceful village of Pity Me, Urban Base presents a fantastic opportunity for those looking for a project or "doer-upper" with the potential to transform the property into their perfect home. This characterful 3-bedroom semi detached property offers a blend of original charm and plenty of scope for modernisation, making it ideal for first-time buyers, investors, or anyone seeking a renovation opportunity. The property features two spacious living rooms that enjoys plenty of natural light, creating a cosy space to relax. The kitchen, while functional, would benefit from some updating, providing an excellent base for a redesign. The three generously-sized bedrooms offer flexible living space, and the family bathroom is also in need of some improvement, presenting an opportunity to create a contemporary, stylish space. This property is a great opportunity for those looking to put their own stamp on a home in a quiet, sought-after village location. Don’t miss out on this exciting project—contact us today to arrange your viewing and see the potential for yourself! Tenure: Freehold,

Agent Details

Urban Base Executive, Durham

0191 545 1005

Next Steps?

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