2 Bed Flat, Single Let, Durham, DH7 8NU, £80,000

Lowland Road, Brandon, Durham, DH7 8NU - 2 views - a month ago

Leasehold
BTL
ROI: 9%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£39K - £325K
Sold Prices/m²£650/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£97,600
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£525 - £1,100

Rent Estimate

£563

Running Costs/mo

£383

Cashflow/mo

£180

Cashflow/yr

£2,165

ROI

9%

Gross Yield

8%

Local Sold Prices

21 sold prices from £39K to £325K, average is £134K. £650/m² to £3.8K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£70K04/230.55 mi28, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH2
£70K10/210.55 mi30, Meadow Rise, Meadowfield, Durham DH7 8UH2
£62K12/200.55 mi40, Meadow Rise, Meadowfield, 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
£73.3K02/230.57 mi35, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH2
£152K01/210.58 mi25, Winchester Drive, Brandon, Durham DH7 8UG2
£39K04/230.66 mi15, Forest View, Brandon, Durham, County Durham DH7 8XB2
£175K09/221.65 mi7, Roundhaven, Durham, County Durham DH1 3TX2
£160K11/211.65 mi27, Roundhaven, Durham, County Durham DH1 3TX2
£215K06/231.85 mi6, Lowes Wynd, Durham, County Durham DH1 4NT2
£175K02/232.3 mi6, Archers Court, Durham, County Durham DH1 4BP2
£325K11/212.68 miApartment 19, Sylvan House, St Helens Well, Durham DH1 4DB2
£245K03/232.8 mi61, Highgate, Durham, County Durham DH1 4GA2
£260K04/232.87 miFlat 16, St Andrews Court, New Elvet, Durham, County Durham DH1 3AH2
£188K08/232.87 miFlat 26, St Andrews Court, New Elvet, Durham, County Durham DH1 3AH2
£134K12/202.92 mi43c, Old Dryburn Way, Durham, County Durham DH1 5SE2
£260K01/232.97 mi1, Freemans Quay, Durham, County Durham DH1 1SW2
£112.5K02/232.99 mi21, Claypath Court, Durham, County Durham DH1 1QE2
£93K06/232.99 mi41, Claypath Court, Durham, County Durham DH1 1QE2
£103K10/222.99 mi40, Claypath Court, Durham, County Durham DH1 1QE2

Local Rents

14 rents from £525/mo to £1.1K/mo, average is £668/mo.

RentDateDistanceAddressBeds 
£1,10012/240.08 miLowland Road, Brandon2
£66010/240.3 mi-2
£62512/240.33 miPear Lea, Brandon, Durham City, DH72
£67511/240.35 mi-2
£65003/250.4 mi-2
£70003/250.41 mi-2
£65012/240.41 mi-2
£70012/240.55 miMeadow Rise, Meadowfield, Durham, Durham, DH7 8UH2
£52502/250.57 mi-2
£56312/240.82 miHigh Street North, DH72
£56312/240.85 miHigh Street North - DH72
£73712/241.09 miHigh Street South, Langley Moor, Durham2
£82312/241.22 miPark View, Langley Moor, Durham2
£91012/241.22 miPark View, Langley Moor, Durham2

Local Area Statistics

Population in DH7

40,931

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

Balanced market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £80,000

February 18, 2025

Floor Plans

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

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