2 Bed Semi-Detached House, Single Let, Durham, DH1 5FG, £169,950

211 Bridgemere Drive, Framwellgate Moor, Durham, DH1 5FG - 1 views - 2 months ago

BTL
ROI: 2%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£64.3K - £450K
Sold Prices/m²£960/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£105,672

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,488

Stamp Duty & Legal Fees

£6,299

Total Cash In

£48,786

 

 

Cash Out

 

Rent Range

£650 - £1,795

Rent Estimate

£800

Running Costs/mo

£711

Cashflow/mo

£89

Cashflow/yr

£1,067

ROI

2%

Gross Yield

6%

Local Sold Prices

39 sold prices from £64.3K to £450K, average is £116K. £960/m² to £5.2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£130K04/210.14 mi41, Hudspeth Crescent, Durham, County Durham DH1 5DZ2
£78K12/200.16 mi20, North Terrace, Durham DH1 5EF2
£95.5K07/210.16 mi15, North Terrace, Durham DH1 5EF2
£95K06/210.18 mi17, Newcastle Terrace, Durham, County Durham DH1 5EG2
£100.5K04/210.18 mi2, Newcastle Terrace, Durham DH1 5EG2
£64.3K02/210.2 mi17, Garden Avenue, Durham, County Durham DH1 5EQ2
£85K12/200.22 mi13, Durham Terrace, Durham, County Durham DH1 5EH2
£100K03/210.22 mi25, Durham Terrace, Durham, County Durham DH1 5EH2
£93K10/210.24 mi14, Front Street, Pity Me, Durham, County Durham DH1 5DT2
£116K11/210.24 mi9, Front Street, Pity Me, Durham DH1 5DT2
£128.5K02/210.27 mi11, Anvil Court, Pity Me, Durham DH1 5EL2
£98K12/200.3 mi36, Newton Drive, Durham, County Durham DH1 5BE2
£105K05/210.3 mi7, Tindale Avenue, Durham DH1 5EW2
£75K02/210.35 mi49, Front Street, Pity Me, Durham DH1 5DW2
£137.5K11/210.36 mi1, The Orchard, Pity Me, Durham, County Durham DH1 5DA2
£110K10/220.36 mi39, Front Street, Pity Me, Durham, County Durham DH1 5DW2
£137.5K11/200.39 mi23, The Forge, Pity Me, Durham DH1 5RU2
£100K05/210.43 mi5, Potterhouse Terrace, Durham DH1 5DL2
£108.5K01/210.45 mi41, Lilac Avenue, Durham DH1 5JD2
£97.5K07/230.45 mi96, Caterhouse Road, Durham, County Durham DH1 5HR2
£115K03/230.48 mi69, Front Street, Pity Me, Durham, County Durham DH1 5DE2
£145K01/210.48 mi1, Abbey Road, Durham, County Durham DH1 5DQ2
£123K03/210.49 mi32, Bek Road, Durham DH1 5LD2
£105.5K10/200.49 mi55, Bek Road, Newton Hall, Durham, County Durham DH1 5LD2
£145K12/200.53 mi9, Raby Road, Durham DH1 5NJ2
£180K12/220.53 mi29, Raby Road, Durham, County Durham DH1 5NJ2
£170K01/210.56 mi74, Raby Road, Durham DH1 5NH2
£130K07/230.66 mi102, Farnham Road, Durham, County Durham DH1 5LN2
£93K04/210.69 mi131, Bek Road, Newton Hall, Durham, County Durham DH1 5LQ2
£265K06/210.69 mi35, Hylton Road, Durham, County Durham DH1 5LS2
£117K03/210.78 mi34, Kirkham Road, Durham DH1 5LJ2
£185K02/230.79 mi43, Rothbury Road, Newton Hall, Durham, County Durham DH1 5PF2
£145K04/230.79 mi31, Rothbury Road, Newton Hall, Durham, County Durham DH1 5PF2
£173K07/230.79 mi33, Rothbury Road, Newton Hall, Durham, County Durham DH1 5PF2
£210K06/230.9 mi5, Rochester Road, Durham, County Durham DH1 5QD2
£183K02/210.92 mi21, Lichfield Road, Durham, County Durham DH1 5QW2
£72K02/230.94 mi8, Hamsterley Crescent, Newton Hall, Durham, County Durham DH1 5SS2
£450K11/220.97 mi32, North End, Durham, County Durham DH1 4NJ2
£173K11/200.99 mi35, Norwich Road, Durham, County Durham DH1 5QA2

Local Rents

14 rents from £650/mo to £1.8K/mo, average is £981/mo.

RentDateDistanceAddressBeds 
£1,12712/240.17 mi-2
£1,79503/250.19 mi-2
£96712/240.33 miFinchale Rd, Framwellgate Moor2
£75012/240.44 miFarrier Close, Pity Me, Durham, DH12
£74012/240.45 miMains Court, Framwellgate Moor2
£65012/240.47 miFarrier Close, Pity Me2
£70012/240.7 miHylton Court, Durham, County Durham, DH12
£1,25012/240.82 miWoodward Way, Aykley Heads, Durham, DH12
£80012/240.88 miOld Dryburn Way, Durham2
£1,00012/240.92 mi-2
£1,09511/240.92 mi-2
£99503/250.92 mi-2
£1,17512/240.92 miOld Dryburn Way, North End, Durham, DH12
£89512/241.15 miYork Crescent, Durham, DH1 5QR2

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.70 miles away

Nearest school

0.30 miles away

Nearest train station

1.35 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £169,950

February 6, 2025

Floor Plans

Description

  • Long-term tenants for immediate income +
  • Estimated rental potential of £750-850 pcm with upgrades +
  • Two spacious bedrooms +
  • Welcoming reception room +
  • Well-appointed bathroom +
  • Private driveway +
  • Rear garden +
  • Gas central heating +
  • Near New College, Hospital, and Arnison Centre +
  • Excellent transport links via A167 and A1(M) +

A Smart Investment or Delightful Family Home in Framwellgate Moor

This attractive semi-detached house, situated on the popular Bridgemere Drive in Framwellgate Moor, offers a fantastic opportunity for investors and homebuyers alike. Built in 1994, the property has a modern design and benefits from long-term sitting tenants, providing an immediate and reliable income stream.

This is a turnkey investment opportunity with dependable, long-term tenants already in place. With some upgrades, we estimate the property could achieve a monthly rental income of between £750 and £850, representing a strong yield in this sought-after area.

The home offers a welcoming reception room, perfect for relaxing or entertaining. Two generously sized bedrooms provide ample space for a small family, professionals, or rental opportunities. The well-appointed bathroom caters to all daily needs.

A major plus is the private driveway, providing secure off-street parking for two vehicles. The lovely rear garden offers a tranquil outdoor space. The property benefits from efficient gas central heating.

The location is superb. Situated in DH1 5GF, you are within easy walking distance of New College Durham and the University Hospital of North Durham, making it ideal for students and medical professionals. The Arnison Retail Centre, with its wide array of shops and restaurants, is also close by. Excellent transport links are provided via the A167 and A1(M), perfect for commuting.

This property offers a compelling combination of immediate rental income and potential for future value growth. Whether you're an investor, a first-time buyer, or a landlord, this home is sure to impress. Don't miss this chance to secure a valuable asset in a popular area. Arrange a viewing today and discover the potential of this excellent property! This home on Bridgemere Drive is more than just a house; it's a smart move in a desirable location, offering both immediate benefits and long-term rewards.

Lounge - 4.46 x3.88 (14'7" x12'8") -

Kitchen Diner - 3.86 x 2.74 (12'7" x 8'11") -

Bedroom 1 - 3.27 x 2.71 (10'8" x 8'10") -

Bedroom 2 - 3.25 x 2.28 (10'7" x 7'5") -

Bathroom - 2.23 x 1.85 (7'3" x 6'0") -

Agent Details

Evenmore Properties, Durham

0191 386 7539

Next Steps?

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