2 Bed Flat, Single Let, Durham, DH1 1BL £89,950

Grange Court, High Street, Carrville, Durham, DH1 1BL - 10 months ago

Sold STC

Leasehold

BTL

ROI: 3%

~55 m²

ValuationOvervalued

Sold Prices	£42.5K - £190K
Sold Prices/m²	£802/m² - £3.2K/m²

Square Metres	~55.09 m²
Price/m²	£1.6K/m²
Value Estimate	£85,051£85,051

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,488£22,488
Stamp Duty & Legal Fees	£5,698£5,698
Total Cash In	£28,185£28,185

Cash Out
Rent Range	£110 - £1,200£110 - £1,200
Rent Estimate	£475
Running Costs/mo	£396£396
Cashflow/mo	£79£79
Cashflow/yr	£947£947
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £42.5K to £190K, average is £87.8K. £802/m² to £3.2K/m², average is £1.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£85K	03/25	0.3 mi	6, Pickering Place, Durham DH1 1EG	£1,288	66	2	Flat
£85K	03/25	0.3 mi	6, Pickering Place, Durham DH1 1EG	-	-	2	Flat
£110K	04/25	0.41 mi	15, Bishops Close, Durham DH1 2BU	£1,773	62	2	Flat
£110K	04/25	0.41 mi	15, Bishops Close, Durham DH1 2BU	-	-	2	Flat
£143K	07/25	0.42 mi	3, Angerstein Court, Broomside Lane, Durham DH1 2QD	-	-	2	Flat
£190K	02/25	1.02 mi	29a, Willowtree Avenue, Durham DH1 1EA	£3,167	60	2	Flat
£124.3K	05/25	1.05 mi	20, Shepherds Court, Durham DH1 1JQ	-	-	2	Flat
£124.3K	05/25	1.05 mi	20, Shepherds Court, Durham DH1 1JQ	£1,827	68	2	Flat
£115K	10/24	1.07 mi	29, Shepherds Court, Durham DH1 1JQ	£2,212	52	2	Flat
£89K	08/21	1.12 mi	74, Prebends Field, Durham, County Durham DH1 1HJ	£1,679	53	2	Flat
£145K	10/24	1.14 mi	The Grange, 4, Kepier Crescent, Durham DH1 1BF	£1,648	88	2	Flat
£140K	06/23	1.2 mi	7, Herons Court, Durham, County Durham DH1 2HD	£1,458	96	2	Flat
£126K	08/22	1.2 mi	12, Herons Court, Durham, County Durham DH1 2HD	£1,286	98	2	Flat
£103.5K	03/25	1.35 mi	21, Churchill Square, Durham DH1 1EU	£1,643	63	2	Flat
£103.5K	03/25	1.35 mi	21, Churchill Square, Durham DH1 1EU	-	-	2	Flat
£90K	11/21	1.41 mi	10, Lambton View, Rainton Gate, Houghton Le Spring, Durham DH4 6QL	-	-	2	Flat
£88K	07/23	1.41 mi	19, Lambton View, Rainton Gate, Houghton Le Spring, County Durham DH4 6QL	£1,504	59	2	Flat
£98.5K	03/22	1.41 mi	18, Lambton View, Rainton Gate, Houghton Le Spring, County Durham DH4 6QL	£1,615	61	2	Flat
£80K	12/21	1.41 mi	12, Lambton View, Rainton Gate, Houghton Le Spring, County Durham DH4 6QL	£1,290	62	2	Flat
£55K	08/22	1.41 mi	13, Mitford Drive, Durham DH6 1QS	£1,058	52	2	Flat
£55K	08/22	1.41 mi	13, Mitford Drive, Durham DH6 1QS	-	-	2	Flat
£42.5K	02/23	1.42 mi	35, Mitford Drive, Durham DH6 1QS	£802	53	2	Flat
£42.5K	02/23	1.42 mi	35, Mitford Drive, Durham DH6 1QS	-	-	2	Flat
£55K	08/22	1.42 mi	13, Mitford Drive, Sherburn Village, Durham, County Durham DH6 1QS	-	-	2	Flat
£72.5K	06/23	1.42 mi	31, Mitford Drive, Durham DH6 1QS	£1,343	54	2	Flat
£72.5K	06/23	1.42 mi	31, Mitford Drive, Durham DH6 1QS	-	-	2	Flat
£42.5K	02/23	1.42 mi	35, Mitford Drive, Sherburn Village, Durham, County Durham DH6 1QS	-	-	2	Flat
£72.5K	06/23	1.42 mi	31, Mitford Drive, Sherburn Village, Durham, County Durham DH6 1QS	-	-	2	Flat
£88K	07/23	1.42 mi	19, Lambton View, Houghton Le Spring DH4 6QL	£1,544	57	2	Flat
£88K	07/23	1.42 mi	19, Lambton View, Houghton Le Spring DH4 6QL	-	-	2	Flat
£55K	05/25	1.43 mi	17, Mitford Drive, Durham DH6 1QS	£1,078	51	2	Flat
£55K	05/25	1.43 mi	17, Mitford Drive, Durham DH6 1QS	-	-	2	Flat
£69K	12/22	1.44 mi	11, Glens Flats, Durham DH6 1AR	£1,169	59	2	Flat
£69K	12/22	1.44 mi	11, Glens Flats, Durham DH6 1AR	£1,169	59	2	Flat
£69K	12/22	1.44 mi	11, Glens Flats, Durham DH6 1AR	-	-	2	Flat
£60K	04/22	1.44 mi	4, Glens Flats, High Pittington, Durham, County Durham DH6 1AR	£968	62	2	Flat
£69K	12/22	1.44 mi	11, Glens Flats, High Pittington, Durham, County Durham DH6 1AR	£1,169	59	2	Flat
£58.5K	10/23	1.45 mi	51, Meldon Avenue, Durham DH6 1JY	-	-	2	Flat
£58.5K	10/23	1.45 mi	51, Meldon Avenue, Durham DH6 1JY	£1,104	53	2	Flat
£70K	09/24	1.47 mi	27, Meldon Avenue, Durham DH6 1JY	£1,346	52	2	Flat
£70K	09/24	1.47 mi	27, Meldon Avenue, Durham DH6 1JY	£1,346	52	2	Flat
£70K	09/24	1.47 mi	27, Meldon Avenue, Durham DH6 1JY	-	-	2	Flat
£155K	03/23	1.62 mi	23, St Giles Close, Gilesgate, Durham, County Durham DH1 1XH	£3,174	49	2	Flat
£160K	08/21	1.62 mi	33, St Giles Close, Gilesgate, Durham DH1 1XH	£2,369	68	2	Flat
£146K	05/21	1.62 mi	22, St Giles Close, Gilesgate, Durham DH1 1XH	£2,212	66	2	Flat
£87.5K	04/23	1.63 mi	42, Blanchland Avenue, Durham, County Durham DH1 5XP	£2,188	40	2	Flat
£90K	05/25	1.71 mi	150, Canterbury Road, Durham DH1 5XT	£1,607	56	2	Flat
£90K	05/25	1.71 mi	150, Canterbury Road, Durham DH1 5XT	-	-	2	Flat
£88K	03/25	1.74 mi	12, Staindrop Road, Durham DH1 5XS	£1,660	53	2	Flat
£88K	03/25	1.74 mi	12, Staindrop Road, Durham DH1 5XS	-	-	2	Flat

Local Rents

50 rents from £110/mo to £1.2K/mo, average is £700/mo.

Rent	Date	Distance	Address	Beds	Type
£550	08/25	0 mi	Grange Court, High Street, Carrville	2	Flat
£700	08/25	0 mi	Grange Court	2	Flat
£700	07/25	0.01 mi	Grange Court, Carville	2	Room
£900	10/25	0.01 mi	Grange Court, Carville, DH1 1BL	2	Flat
£900	10/25	0.01 mi	Grange Court, Carville, Durham, DH1 1BL	2	House
£850	10/25	0.01 mi	Grange Court, Carrville, DH1 1BL	2	Flat
£600	08/25	0.01 mi	Grange Court, Carville, Durham	2	Flat
£700	07/25	0.02 mi	Grange Court, Carrville, Durham	2	Flat
£695	08/25	0.02 mi	Grange Court, Carrville, Durham	2	Flat
£890	12/24	0.04 mi	-	2	Semi-Detached House
£525	08/25	0.05 mi	Taylor Court, Carrville, DURHAM	2	Flat
£850	08/23	0.06 mi	-	2	Flat
£900	06/24	0.06 mi	-	2	Flat
£900	10/24	0.06 mi	-	2	Flat
£750	09/25	0.06 mi	Taylor Court, Carrville, Durham, DH1	2	Flat
£880	08/23	0.07 mi	-	2	Semi-Detached House
£890	04/25	0.07 mi	-	2	Semi-Detached House
£600	07/25	0.14 mi	Grinstead Way, Durham, County Durham, DH1	2	Semi-Detached House
£475	07/25	0.16 mi	Bainbridge Street, Carrville, Durham, DH1	2	Terraced House
£750	08/25	0.16 mi	Bainbridge Street, Carrville, Durham	2	Terraced House
£650	11/25	0.16 mi	Bainbridge Street, Carville, Durham, DH1 1NA	2	Terraced House
£800	09/24	0.16 mi	-	2	Semi-Detached House
£695	10/25	0.16 mi	Broome Road, Carville, Durham, DH1 1ND	2	Semi-Detached House
£795	08/25	0.17 mi	Carrsdale , Carrville, Durham	2	Semi-Detached House
£500	08/25	0.21 mi	Bainbridge Street, Carrville, Durham	2	Terraced House
£675	10/25	0.22 mi	Bainbridge Street, Carrville, Durham	2	Terraced House
£700	08/25	0.23 mi	Grange Court, Durham	2	Flat
£700	07/25	0.23 mi	Grange Court, Carrville, Durham, DH1	2	Flat
£750	11/25	0.23 mi	High Street, Carville, Durham, DH1 1AS	2	Flat
£695	07/25	0.25 mi	Broome Road, Carrville, Durham	2	Semi-Detached House
£525	03/23	0.25 mi	-	2	Terraced House
£700	04/24	0.26 mi	-	2	Terraced House
£675	10/25	0.26 mi	Broomside Lane, Belmont, Durham	2	Terraced House
£800	09/25	0.26 mi	Broomside Lane, Belmont, DH1 2QT	2	House
£575	08/25	0.26 mi	Broomside Lane, Durham, DH1	2	Terraced House
£542	11/25	0.29 mi	Broomside Lane, Durham, DH1	2	House
£800	06/25	0.29 mi	Cheveley Court, Belmont, Durham, DH1	2	Flat
£750	08/25	0.29 mi	Cheveley Court, Belmont, Durham, DH1	2	Flat
£1,200	12/24	0.29 mi	Cheveley Court , Durham	2	Flat
£110	08/25	0.29 mi	Broomside Lane, Belmont, Durham	2	House
£542	11/25	0.29 mi	Broomside Lane	2	House
£475	08/25	0.3 mi	Broomside Lane, Belmont, Durham, DH1	2	Terraced House
£775	07/25	0.31 mi	Pickering Place, Durham, County Durham, DH1	2	Flat
£800	11/25	0.32 mi	Pickering Place, Carville, Durham, DH1 1EG	2	Flat
£650	08/25	0.32 mi	Pickering Place, Carrville, Durham, DH1	2	Flat
£750	12/24	0.32 mi	Pickering Place, Durham, DH1	2	Flat
£700	09/25	0.33 mi	Pickering Place, Durham, County Durham, DH1	2	Flat
£800	11/25	0.33 mi	Pickering Place, Durham, DH1 1EG	2	Flat
£450	08/25	0.34 mi	Cheveley Park Shopping Centre, Belmont, Durham	2	Flat
£475	08/25	0.34 mi	Cheveley Park Shopping Centre, Belmont, Durham	2	Flat

Local Area Statistics

Population in DH1	49,93849,938
Population in Durham	124,445124,445
Town centre distance	2.22 miles away2.22 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	2.42 miles away2.42 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-20%-20%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £89,950

February 6, 2025

Floor Plans

Description

First Floor Apartment +
Popular Location +
Ideal First Buy or Investment +
Parking Space +
Well Presented +
GCH & Double Glazing +
Stairs to All Floors +

No Chain Ideal First Buy, Investment or Professional Dwelling First Floor Apartment Popular & Convenient Location Good Local Amenities & Transport Links Possible Rental Income £625/£695pcm Parking Space GCH & Upvc Double Glazing Must Be Viewed **

The floor plan comprises: communal entrance with intercom system, private hallway, comfortable open plan living kitchen diner with french doors to the Juliet balcony, two bedrooms and bathroom/wc.

Grange Court has for many years proved to be an extremely popular location as it is conveniently situated close to a good range of everyday shops etc, which are available within Carrville itself, as well as nearby Belmont. It is conveniently situated for access to Durham City Centre which is approximately 3 miles distant and is within a few minutes drive of the A1(M) Motorway Interchange at Carrville providing good road links to both North and South.

Communal Entrance -

Hallway -

Living Kitchen Diner - 8.33m x 3.12m (27'4 x 10'3) -

Bedroom - 3.53m x 2.82m (11'7 x 9'3) -

Bedroom - 3.43m x 2.36m (11'3 x 7'9) -

Bathroom/Wc - 3.43m x 1.63m (11'3 x 5'4) -

Agent Notes - Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Gas Central Heating
Broadband: Basic 4 Mbps, Superfast 80 Mbps
Mobile Signal/Coverage: Average
Tenure: Leasehold From May 2008 to Dec 2130 - Approx. 105 years remaining. Annual Service Charge approx. £1,176 pa. No Ground Rent.
Council Tax: Durham County Council, Band B - Approx. £1891 p.a
Energy Rating: B

Disclaimer: The preceding details have been sourced from the seller and OnTheMarket.com. Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities. Robinsons cannot accept liability for any information provided.

Agent Details

Robinsons, Durham

0191 625 0933

Next Steps?

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CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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