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

Grange Crescent, Coxhoe, Durham, DH6 4BG - 5 views - 2 months ago

Refurb/BRRR
ROI: 3%
~68 m²
+8 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

32 sold prices from £51K to £144.9K, average is £88.5K. £505/m² to £2.4K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£124K08/210.04 mi40, The Avenue, Coxhoe, Durham, County Durham DH6 4AG2
£87K07/230.06 mi10, Grange Crescent, Coxhoe, Durham, County Durham DH6 4BG2
£125K07/230.07 mi4, Leslie Villas, Coxhoe, Durham, County Durham DH6 4AE2
£69K11/210.17 mi14, Front Street East, Coxhoe, Durham, County Durham DH6 4DB2
£144.9K08/210.18 mi19, Browning Hill, Coxhoe, Durham, County Durham DH6 4HB2
£80K06/210.2 mi107, The Grove, Coxhoe, Durham, County Durham DH6 4AP2
£75K03/230.2 mi60, The Grove, Coxhoe, Durham, County Durham DH6 4AP2
£90K05/230.21 mi11, The Grove, Coxhoe, Durham, County Durham DH6 4AW2
£138K11/200.28 miMeadow Edge, Belgrave Avenue, Coxhoe, Durham, County Durham DH6 4AU2
£132K05/210.3 mi47, Hadleigh Court, Coxhoe, Durham DH6 4SJ2
£95K05/210.3 mi46, Hadleigh Court, Coxhoe, Durham DH6 4SJ2
£129K06/210.3 mi67, Hadleigh Court, Coxhoe, Durham DH6 4SJ2
£110K05/210.3 mi21, Hadleigh Court, Coxhoe, Durham DH6 4SJ2
£124K07/230.3 mi45, Hadleigh Court, Coxhoe, Durham, County Durham DH6 4SJ2
£91K07/230.3 mi34, Hadleigh Court, Coxhoe, Durham, County Durham DH6 4SJ2
£81K02/210.33 mi7, Belgrave Court, Coxhoe, Durham DH6 4BH2
£76K08/210.33 mi1, Belgrave Court, Coxhoe, Durham DH6 4BH2
£99.5K04/230.34 mi4, Linden Terrace, Coxhoe, Durham, County Durham DH6 4DT2
£58.5K07/210.4 mi9, Back Coronation Terrace, Coxhoe, Durham, County Durham DH6 4HQ2
£130K01/230.47 mi9, Foundry Close, Coxhoe, Durham, County Durham DH6 4LN2
£118K05/230.48 mi33, Prospect Place, Coxhoe, Durham, County Durham DH6 4LA2
£51K07/210.49 mi4, Gladstone Terrace, Coxhoe, Durham, County Durham DH6 4EG2
£85K07/210.55 mi8, West Terrace, Coxhoe, Durham, County Durham DH6 4HP2
£65K12/220.73 mi246, Woodland Crescent, Kelloe, Durham, County Durham DH6 4NA2
£56K03/230.9 mi12, Bridge Road, West Cornforth, Ferryhill, County Durham DL17 9JL2
£92K01/230.9 mi21, Bridge Road, West Cornforth, Ferryhill, County Durham DL17 9JL2
£75K12/220.91 mi18, Sharon Avenue, Kelloe, Durham, County Durham DH6 4NE2
£77K04/210.94 mi28, Woodland Crescent, Kelloe, Durham, County Durham DH6 4LX2
£59K11/200.94 mi4, Parkhill Estate, Coxhoe, Durham, County Durham DH6 4JH2
£95K01/230.98 mi91, Park Avenue, Coxhoe, Durham, County Durham DH6 4JJ2
£76K12/220.99 mi73, Park Avenue, Coxhoe, Durham, County Durham DH6 4JJ2
£75K07/230.99 mi43, Park Avenue, Coxhoe, Durham, County Durham DH6 4JJ2

Local Rents

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

RentDateDistanceAddressBeds 
£65012/240.02 miGrange Way, Bowburn, Durham, DH62
£70012/240.03 miThe Avenue, Coxhoe, Durham, Durham, DH62
£80012/240.3 miHadleigh Court, Coxhoe2
£62511/240.38 mi-2
£69512/240.47 miSandgate, Coxhoe, Durham2
£58508/240.89 mi-2
£55004/241.05 miWindsor Terrace, West Cornforth,2
£55004/241.11 miWest View, West Cornforth, Ferryhill, DL172
£55004/241.15 miGlebe Villas, West Cornforth, Ferryhill, Durham, DL172
£60010/231.2 mi-2

Local Area Statistics

Population in DH6

33,466

Population in Durham

124,445

Town centre distance

5.14 miles away

Nearest school

0.50 miles away

Nearest train station

5.54 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

February 7, 2025

Floor Plans

Description

  • Modernisation Needed +
  • Two Bedrooms +
  • Off-Street Parking +
  • Private Rear Garden +
  • No Chain +
  • Two Bathrooms +

Reeds Rains invite you to discover this two bedroom semi detached house for sale in Coxhoe. The property, which is in need of some modernisation throughout, would be an ideal opportunity for a buyer to put their own stamp on what would make an ideal family home. The ground floor briefly comprises a lounge, kitchen and WC, while on the first floor there are two large bedrooms and a family bathroom. To arrange a viewing, call us on .

Council Tax Band A
EPC Awaited

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

DCI240505/2

Agent Details

Reeds Rains, Durham City

0191 625 0250

Next Steps?

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

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