2 Bed Flat, Single Let, Durham, DH7 8NU £70,000

St. Andrews Square, Lowland Road, Brandon, Durham, DH7 8NU - 7 views - 9 months ago
Leasehold
BTL
ROI: 9%
~68 m²
Property image

ValuationUndervalued

Sold Prices£37K - £78K
Sold Prices/m²£650/m² - £1.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£97,600
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,600

Total Cash In

£21,100

 

 

Cash Out

 

Rent Range

£380 - £1,650

Rent Estimate

£563

Running Costs/mo

£351

Cashflow/mo

£212

Cashflow/yr

£2,540

ROI

12%

Gross Yield

10%

Local Sold Prices

20 sold prices from £37K to £78K, average is £68K. £650/m² to £1.4K/m², average is £1.3K/m².

Price
Date
Distance
Address
Beds
 
£37K07/240.02 mi11, St Andrews Square, Durham DH7 8NU2
£37K07/240.02 mi11, St Andrews Square, Durham DH7 8NU2
£78K03/250.03 mi12, St Andrews Square, Durham DH7 8NU2
£78K03/250.03 mi12, St Andrews Square, Durham DH7 8NU2
£67.5K07/250.55 mi4, Meadow Rise, Durham DH7 8UH2
£70K04/230.55 mi28, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH2
£68K05/230.55 mi34, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH2
£70K10/210.56 mi30, Meadow Rise, Meadowfield, Durham DH7 8UH2
£68K05/230.56 mi34, Meadow Rise, Durham DH7 8UH2
£67.5K01/240.56 mi38, Meadow Rise, Durham DH7 8UH2
£67.5K01/240.56 mi38, Meadow Rise, Durham DH7 8UH2
£73.3K02/230.57 mi35, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH2
£70K08/230.57 mi32, Meadow Rise, Durham DH7 8UH2
£70K08/230.57 mi32, Meadow Rise, Durham DH7 8UH2
£67K08/240.57 mi33, Meadow Rise, Durham DH7 8UH2
£67K08/240.57 mi33, Meadow Rise, Durham DH7 8UH2
£71K07/230.58 mi20, Meadow Rise, Durham DH7 8UH2
£71K07/230.58 mi20, Meadow Rise, Durham DH7 8UH2
£39K04/230.63 mi15, Forest View, Durham DH7 8XB2
£39K04/230.66 mi15, Forest View, Brandon, Durham, County Durham DH7 8XB2

Local Rents

43 rents from £380/mo to £1.6K/mo, average is £650/mo.

Rent
Date
Distance
Address
Beds
 
£40008/250 miSt Andrews Square, Brandon, Durham2
£40008/250 miSt. Andrews Square, Durham, DH72
£55008/250.01 miSt Andrews Square, Brandon2
£60010/250.01 miSt Andrews Square, Brandon, DH7 8NU2
£60011/250.01 miSt Andrews Square, Brandon, DH7 8NU2
£1,10012/240.08 miLowland Road, Brandon2
£75011/250.21 miBriar Avenue, Brandon, Durham, Durham, DH7 8AJ2
£60006/250.25 miPoplar Lea, Brandon, Durham, DH72
£38508/250.3 miPINE LEA, BRANDON, Durham City : Villages West Of, DH7 8SR2
£66010/240.3 mi-2
£59505/250.31 miPear Lea, Brandon, Durham, County Durham, DH72
£62512/240.33 miPear Lea, Brandon, Durham City, DH72
£65011/250.34 miFrederick Street North, Meadowfield, Durham, DH7 8ND2
£67511/240.35 mi-2
£74508/250.37 miBriar Avenue, Durham, County Durham, DH72
£74508/250.37 miBriar Avenue, Durham, County Durham, DH72
£65004/250.4 mi-2
£39508/250.4 miFrederick Street South, Meadowfield, Durham2
£50011/250.4 miFrederick Street South, Meadowfield, Durham, DH72
£1,65011/250.41 miFrederick Street South, Meadowfield, Durham2
£85011/250.41 miFrederick Street South, Meadowfield, Durham2
£38008/250.41 miCommercial Street, Brandon Durham2
£70002/250.41 mi-2
£75009/250.41 mi-2
£65012/240.41 mi-2
£55008/250.42 miFrederick Street South, Meadowfield, Durham, DH72
£67507/250.43 miTennyson House, 1 Frederick Street North, Meadowfield, Durham, DH7 8NB2
£59511/250.43 miFrederick Street North, Meadowfield, Durham, DH7 8NB2
£39508/250.43 miFrederick Street North, Meadowfield2
£62506/250.44 miFrederick Street North, Meadowfield, Durham2
£65006/250.47 miLangley Moor, Durham2
£65009/250.47 miLangley Moor, Durham2
£43007/250.48 miTennyson House, Meadowfield, Durham, DH72
£70008/250.55 miMeadow Rise, Meadowfield, Durham, Durham, DH7 8UH2
£70012/240.55 miMeadow Rise, Meadowfield, Durham, Durham, DH7 8UH2
£65009/250.55 miMeadow Rise, Meadowfield, Durham2
£72510/250.55 miRoman Road, Brandon, Durham, DH72
£77507/250.55 miMeadow Rise, Meadowfield, DH7 8UH2
£47507/250.55 miMeadow Rise, Meadowfield2
£65006/250.56 miRoman Road, Brandon, Durham, DH7 8UF2
£45008/250.56 miMeadow Rise, Meadowfield, Durham2
£52502/250.57 mi-2
£73510/250.57 miMeadow Rise, Meadowfield, Durham, County Durham, DH72

Local Area Statistics

Population in DH7

40,842

Population in Durham

124,445

Town centre distance

2.87 miles away

Nearest school

0.10 miles away

Nearest train station

2.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £70,000

May 15, 2025

Listed for £80,000

February 11, 2025

Floor Plans

Property image

Description

  • Chain Free +
  • Two Bedrooms +
  • Ground Floor +
  • Long Lease +
  • Residents' Parking +
  • DH7 Postcode +

Reeds Rains exclusively invite you to discover this two bedroom flat for sale in Brandon. The property, which is being offered with no onward chain, is in good condition and would make an ideal purchase for investors and first time buyers alike. The floorplan briefly comprises a kitchen, a bathroom, a lounge, and two spacious bedrooms. To the rear, the property also benefits from residents' parking. To arrange a viewing call us on .

Council Tax Band A
EPC Grade C

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.

DCI240801/2

Agent Details

Reeds Rains, Durham City

0191 625 0250

Next Steps?

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