2 Bed Semi-Detached House, Single Let, Durham, DH7 6RW, £100,000

Oak Lea, Witton Gilbert, Durham, DH7 6RW - 2 views - 2 months ago

Sold STC
BTL
ROI: 4%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£52K - £175K
Sold Prices/m²£589/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£83,247

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£500 - £3,200

Rent Estimate

£550

Running Costs/mo

£443

Cashflow/mo

£108

Cashflow/yr

£1,290

ROI

4%

Gross Yield

7%

Local Sold Prices

25 sold prices from £52K to £175K, average is £92K. £589/m² to £3.2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£100K07/230 mi21, Oak Lea, Witton Gilbert, Durham, County Durham DH7 6RW2
£105K06/230.06 mi1, May Lea, Witton Gilbert, Durham, County Durham DH7 6RH2
£92K02/230.14 mi20, Chester Gardens, Witton Gilbert, Durham, County Durham DH7 6QZ2
£84.8K03/210.18 mi93, Norburn Park, Witton Gilbert, Durham DH7 6SG2
£95K01/230.2 mi94, Norburn Park, Witton Gilbert, Durham, County Durham DH7 6SG2
£92.5K07/230.35 mi6, North Terrace, Witton Gilbert, Durham, County Durham DH7 6TE2
£120K03/230.46 mi20, Mafeking Terrace, Sacriston, Durham, County Durham DH7 6ND2
£175K03/210.49 mi17, Priory Court, Sacriston, Durham DH7 6LB2
£73K09/210.5 mi7, Sowerby Street, Sacriston, Durham, County Durham DH7 6NQ2
£115K08/210.54 mi4, Craigland Villas, Sacriston, Durham DH7 6LX2
£88K06/230.55 mi17, Charlaw Terrace, Sacriston, Durham, County Durham DH7 6NJ2
£69.5K12/200.56 mi26, Findon Hill, Sacriston, Durham DH7 6LR2
£75K03/230.58 mi1, Fynway, Sacriston, Durham, County Durham DH7 6LP2
£110K12/200.64 mi96a, Holly Crescent, Sacriston, Durham, County Durham DH7 6PT2
£125K01/230.64 mi82, Holly Crescent, Sacriston, Durham, County Durham DH7 6PT2
£108K08/230.66 mi3, Meadow View, Sacriston, Durham, County Durham DH7 6HW2
£109.5K02/230.71 mi53, Plawsworth Road, Sacriston, Durham, County Durham DH7 6PD2
£104K09/210.72 mi18, Ashwood Close, Sacriston, Durham, County Durham DH7 6QN2
£75K02/210.73 mi6, Elliott Street, Sacriston, Durham DH7 6JH2
£70K05/210.77 mi2, Rydal Close, Sacriston, Durham DH7 6DG2
£92K06/210.78 mi5, Beechwood Close, Sacriston, Durham DH7 6QL2
£69.5K01/210.78 mi25, Gregson Street, Sacriston, Durham, County Durham DH7 6HU2
£52K03/210.84 mi5, Witton Avenue, Sacriston, Durham DH7 6HZ2
£57K11/200.88 mi2, Davison Terrace, Sacriston, Durham, County Durham DH7 6AE2
£60K07/230.88 mi17, Davison Terrace, Sacriston, Durham, County Durham DH7 6AE2

Local Rents

50 rents from £500/mo to £3.2K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75012/240.09 miFyndoune Way, Witton Gilbert, Durham2
£57512/240.14 miDene Court, Witton Gilbert, Durham, DH72
£80012/240.21 miLouisa Terrace, Witton Gilbert, Durham2
£80012/240.4 miWitton Gilbert , Durham3
£65012/240.45 miWestwood View, Sacriston, DH73
£2,80012/240.5 miWellsprings Farm, Hartside, Durham, DH13
£57509/230.54 mi-3
£65008/240.54 mi-3
£1,30012/240.64 miHolly Crescent, Sacriston, Durham, County Durham, DH74
£1,30012/240.64 mi-4
£3,20003/250.77 mi-4
£55012/240.8 mi-2
£60004/250.8 mi-3
£2,97002/250.82 mi-4
£2,60012/240.82 miThe Shepherds Hut, Hartside, DH11
£52512/240.82 miElm Court, Sacriston, Durham, DH71
£65002/250.83 mi-3
£65012/240.88 miCharlaw Close, Sacriston, County Durham, DH73
£60012/240.89 miUphill Drive, Sacriston, Durham, DH72
£60003/251.08 mi-2
£1,65010/241.11 mi-4
£65012/241.54 mi-3
£57512/241.55 miLime Terrace, Langley Park, Durham, DH7 9SN2
£62012/231.56 mi-2
£57512/241.56 miLarch Terrace, Langley Park, Durham, DH72
£75012/241.58 miPark Drive, Langley Park3
£60012/241.6 miElm Street, Langley Park, Durham, Durham, DH73
£2,16712/241.61 miEureka Mews, Chester Le Street, DH22
£1,95012/241.61 miEureka Mews, DH21
£50012/241.68 miRailway Street, Langley Park, DH72
£55012/241.7 miQuebec Street, Langley Park, Durham3
£60003/251.7 mi-2
£62512/241.72 miIvy Terrace, Langley Park, Durham, DH73
£67512/241.72 miDurham Street, Langley Park, Durham, County Durham, DH72
£65012/241.74 miFarrier Close, Pity Me2
£75012/241.74 miFarrier Close, Pity Me, Durham, DH12
£89501/251.81 mi-3
£1,70012/241.83 mi-3
£1,85001/251.83 mi-3
£2,10004/251.83 mi-3
£1,79503/251.88 mi-2
£80012/241.9 miAuton Stile, Bearpark, Durham2
£77512/241.91 miVictoria Court, Durham, DH13
£1,12712/241.92 mi-2
£58512/241.93 miFront Street, Framwellgate Moor7
£80009/231.93 mi-3
£74012/241.93 miMains Court, Framwellgate Moor2
£2,50003/251.98 mi-3
£2,50003/251.98 mi-3
£2,50012/241.98 mi-3

Local Area Statistics

Population in DH7

40,931

Population in Durham

124,445

Town centre distance

3.31 miles away

Nearest school

0.30 miles away

Nearest train station

2.91 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £100,000

February 19, 2025

Floor Plans

Description

  • No Chain +
  • Well Presented Throughout +
  • Modern Kitchen And Bathroom +
  • Two Double Bedrooms +
  • Ideal For First-Time Buyers, Couples, Or Investors +
  • Comfortable Living Space +

* NO CHAIN * WELL PRESENTED THROUGHOUT * MODERN KITCHEN AND BATHROOM * TWO DOUBLE BEDROOMS *

Offered for sale with no chain is this well-presented two-bedroom semi-detached home which has been updated and benefits from a reconfigured layout, creating a larger-than-average kitchen.

Ideal for first-time buyers, couples, or investors, the property offers a comfortable living space with modern finishes throughout.

The entrance hallway leads to a spacious lounge/dining area with views over the rear garden, while the kitchen is stylishly fitted with integrated cooking appliances.

Upstairs, there are two generous double bedrooms and a modern bathroom featuring a white suite and shower over the bath with screen.

Externally, the front garden includes a gravelled section, while the rear garden, accessible via the side, is designed for easy maintenance with artificial grass. There is also a large storage area. The home is fully double-glazed and heated via a gas combination boiler.

Conveniently located, the village offers a range of local amenities, with Durham City Centre just four miles away, providing extensive shopping and leisure facilities. Excellent road links via the A691 make it ideal for commuters.

Ground Floor -

Entrance Hallway -

Lounge / Dining Room - 5 x 3.3 (16'4" x 10'9") -

Kitchen - 3.6 x 3.2 max (11'9" x 10'5" max) -

First Floor -

Landing -

Bedroom - 3.5 x 3.5 (11'5" x 11'5") -

Bedroom - 3.7 x 2.7 (12'1" x 8'10") -

Bathroom - 2.3 x 1.9 (7'6" x 6'2") -

Agent's Notes - Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Gas Central Heating
Broadband: Basic 14 Mbps, Superfast 53 Mbps
Mobile Signal/Coverage: Good/Average
Tenure: Freehold
Council Tax: Durham County Council, Band A - Approx. £1,621 p.a
Energy Rating: TBC

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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