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

St. Andrews Square, Brandon, Durham, DH7 8NU - 9 views - 9 months ago
Sold STC
Leasehold
BTL
ROI: 13%
~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

£86,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£380 - £1,650

Rent Estimate

£595

Running Costs/mo

£358

Cashflow/mo

£237

Cashflow/yr

£2,847

ROI

13%

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

Price changed to £75,000

April 5, 2025

Listed for £80,000

February 18, 2025

Floor Plans

Property image

Description

  • Stunning Ground Floor Apartment +
  • Well Presented & Upgraded +
  • Ideal For Professionals, Couples or First Time Buyers +
  • Good Buy-to-Let Investment +
  • Modern Fixture & Fittings +
  • Renewed Electric Heating +
  • Parking Space +
  • Pleasant Position +
  • Must be Viewed +

Stunning Ground Floor Apartment Well Presented & Upgraded Ideal For Professionals, Couples or First Time Buyers Good Buy-to-Let Investment Modern Fixture & Fittings Renewed Electric Heating Parking Space Pleasant Position Must Be Viewed NO CHAIN

The floor plan comprises; communal entrance via intercom, private hallway, comfortable lounge and dining room, fitted kitchen, two good size bedrooms and recent shower room/WC. Outside there are communal gardens, parking space and easy access to local shops and bus links.

Brandon, a charming village in County Durham, offers a wonderful blend of rural tranquillity and modern convenience, making it an ideal location for potential buyers. The village is well-equipped with essential amenities, including a variety of local shops and amenities ensuring day-to-day needs are easily met. For families, there are reputable schools nearby, along with community facilities and green spaces for recreation.

Brandon is well-connected, with excellent transport links to the historic city of Durham, which is just a short drive or bus journey away, offering additional shopping, dining, and cultural attractions. The nearby A690 and A1(M) provide convenient access to the wider region, making it a great choice for commuters. Surrounded by picturesque countryside, Brandon also boasts opportunities for outdoor activities, with scenic walking trails and nature reserves on its doorstep, offering a peaceful lifestyle with all the convenience of modern living.

Communal Entrance -

Hallway -

Lounge - 4.60m x 3.61m (15'1 x 11'10) -

Kitchen - 3.00m x 1.91m (9'10 x 6'3) -

Bedroom - 3.30m x 3.10m (10'10 x 10'2) -

Bedroom - 3.10m x 2.11m (10'2 x 6'11) -

Bathroom/Wc - 1.91m x 1.91m (6'3 x 6'3) -

Agents Notes - Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Electric
Broadband: Basic 16 Mbps, Superfast 80 Mbps, Ultrafast 9000 Mbps
Mobile Signal/Coverage: Good/Average
Tenure: Leasehold. Ground rent and service charge combined approx £140pcm. 155 years from 1/2/2005
Council Tax: Durham County Council, Band A - Approx. £1621 p.a
Energy Rating: D

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?

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