2 Bed Bungalow, Planning Permission, Durham, DH7 0PP, £210,000

Foxhills Crescent, Lanchester, Durham, DH7 0PP - a month ago

Planning
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£78K - £325K
Sold Prices/m²£907/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£125,169

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£11,700

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£525 - £3,000

Rent Estimate

£653

Running Costs/mo

£807

Cashflow/mo

£-154

Cashflow/yr

£-1,846

Gross Yield

4%

Local Sold Prices

20 sold prices from £78K to £325K, average is £114K. £907/m² to £2.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£116K11/220.24 mi21, Humberhill Drive, Lanchester, Durham, County Durham DH7 0HH2
£160K03/210.25 mi4, Humberhill Drive, Lanchester, Durham, County Durham DH7 0HH2
£160K03/210.26 mi13, Croft View, Lanchester, Durham DH7 0HY2
£135K12/200.27 mi1, Sycamore Place, Lanchester, Durham DH7 0HG2
£115K10/200.28 mi3, Prospect Terrace, Lanchester, Durham, County Durham DH7 0HF2
£95K04/230.3 mi8, Middlewood Road, Lanchester, Durham, County Durham DH7 0HL2
£113K06/210.32 mi12, The Garths, Lanchester, Durham DH7 0HR2
£147.3K05/210.35 mi7, Railway Street, Lanchester, Durham DH7 0SG2
£127K03/230.35 mi11, Victoria Terrace, Lanchester, Durham, County Durham DH7 0JB2
£172.5K08/210.35 mi28, Victoria Terrace, Lanchester, Durham DH7 0JB2
£325K03/210.35 miThe Bungalow, Victoria Terrace, Lanchester, Durham DH7 0JB2
£88K09/210.69 mi80, Deneside, Lanchester, Durham, County Durham DH7 0LY2
£95K09/210.73 mi25, Manor Grange, Lanchester, Durham, County Durham DH7 0LU2
£90K02/230.73 mi1, Manor Grange, Lanchester, Durham, County Durham DH7 0LU2
£115K03/211.46 mi52, Lanchester Road, Maiden Law, Durham DH7 0QS2
£93K03/231.62 mi7, Mount Pleasant, Burnhope, Durham, County Durham DH7 0BB2
£78K11/201.82 mi10, Whitehouse Terrace, Burnhope, Durham, County Durham DH7 0AA2
£102.5K06/231.83 mi102, Meadowfield, Burnhope, Durham, County Durham DH7 0EL2
£94K01/211.87 mi12, Meadowfield, Burnhope, Durham DH7 0EJ2
£90K12/201.99 mi22, Vale View, Burnhope, Durham DH7 0EA2

Local Rents

7 rents from £525/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20011/240.27 mi-3
£95011/240.34 mi-4
£1,10010/240.55 mi-4
£52511/230.73 mi-2
£69512/240.75 miOakwood, Lanchester, Durham, DH72
£3,00012/242.17 miWhitehall Lane, Iveston6
£2,10012/242.24 miIveston Lane, Iveston, Consett, Durham, DH86

Local Area Statistics

Population in DH7

40,931

Population in Durham

124,445

Town centre distance

7.77 miles away

Nearest school

0.30 miles away

Nearest train station

7.32 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £210,000

February 27, 2025

Floor Plans

Description

  • Two Bedroom Semi-Detached Bungalow +

  • No Onward Chain +

  • Garage and Driveway +

  • Approximate Floor Area 80 Sq Mtrs/ 861 Sq Ft +

  • Council Tax Band C +

  • EPC Rating E +

This pleasant two bedroom semi-detached bungalow is located within the desirable village of Lanchester. The property comes to the market with the convenience of no onward chain and occupies an exceptionally generous corner plot on this charming residential street.

Internally the property briefly comprises of an entrance hallway which leads into the generous sized lounge with feature fireplace, a contemporary kitchen with ample wall and base units, a modern shower room with walk-in shower and two good sized bedrooms - the largest of which benefits from integrated wardrobes and drawers. Additionally, there is a sizeable loft space that is access via a drop down ladder which may offer potential for further development, subject to planning permission.

Externally, there are wrap around gardens to three sides of this generous plot, all are very well manicured with lawns and mature shrubs. To the front of the property is off road parking via a double driveway and garage.

Foxhills Crescent is a delightful residential street within the village of Lanchester. The property is located around a quarter of a mile from the village centre where there are a multitude of amenities that include pubs, restaurants and convenience store. Additionally, there is also a village bus which goes by the property for those who may not be able to drive or reach the village on foot. The nearby towns of Consett and Stanley are both within 6 miles and excellent transport links are accessible from the village to the City of Durham which is 7 miles away.

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.

QCO250028/2

Agent Details

YOUR MOVE Chris Stonock, Consett

01207 265949

Next Steps?

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