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3 Bed Semi-Detached House, Refurb/BRRR, Durham, DH1 5SR, £175,000

Stanhope Close, Newton Hall, Durham, DH1 5SR - 3 views - 17 days ago

Refurb/BRRR
ROI: 7%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£122K - £400K
Sold Prices/m²£1.2K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£180,250
BMV3%

 

 

End Value (After Refurb)

£185,021

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Refurb Costs

£35,600

Bridging Loan Interest

£4,594

Total Cash In

£95,644

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£185,021

Mortgage (After Refinance)

£138,766

Mortgage LTV

75%

Cash Released

£7,516

Cash Left In

£88,128

Equity

£46,255

Rent Range

£775 - £3,000

Rent Estimate

£1,463

Running Costs/mo

£891

Cashflow/mo

£572

Cashflow/yr

£6,867

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £122K to £400K, average is £180K. £1.2K/m² to £3.3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£215K04/230.03 mi2, Etherley Close, Durham, County Durham DH1 5XQ3
£185K02/210.07 mi27, Wolsingham Drive, Durham, County Durham DH1 5XH3
£173K12/200.1 mi9, Wolsingham Drive, Durham, County Durham DH1 5SP3
£147.5K11/200.12 mi7, Staindrop Road, Durham DH1 5XS3
£180K03/210.13 mi6, Brancepeth Close, Durham, County Durham DH1 5XL3
£177K12/200.14 mi80, Rochester Road, Durham DH1 5PW3
£230K12/220.14 mi40, Richmond Road, Durham, County Durham DH1 5NS3
£157.5K04/210.17 mi146, Canterbury Road, Durham DH1 5XT3
£189K06/210.17 mi94, Carr House Drive, Durham DH1 5XF3
£285K04/230.19 mi2, Carlisle Road, Durham, County Durham DH1 5XE3
£185K08/210.19 mi134, Canterbury Road, Newton Hall, Durham, County Durham DH1 5QZ3
£238K02/230.19 mi132, Canterbury Road, Newton Hall, Durham, County Durham DH1 5QZ3
£122K08/210.2 mi76, Barrasford Road, Durham, County Durham DH1 5YG3
£294K09/210.2 mi25, Lumley Road, Durham, County Durham DH1 5NR3
£175K03/210.2 mi22, Lumley Road, Durham, County Durham DH1 5NR3
£165.3K02/210.2 mi24, Hylton Road, Durham, County Durham DH1 5LS3
£150K02/230.2 mi32, Hylton Road, Durham, County Durham DH1 5LS3
£165K11/210.21 mi19, Middleham Road, Durham, County Durham DH1 5QH3
£160K06/230.23 mi3, Norwich Road, Durham, County Durham DH1 5QA3
£140K11/220.23 mi64, Barrasford Road, Durham, County Durham DH1 5YG3
£184K01/230.23 mi18, Rochester Road, Durham, County Durham DH1 5QD3
£155K04/230.27 mi175, Bek Road, Newton Hall, Durham, County Durham DH1 5LH3
£195K01/230.27 mi22, Bamburgh Road, Durham, County Durham DH1 5NW3
£168K01/210.27 mi24, Bamburgh Road, Durham, County Durham DH1 5NW3
£180K06/210.29 mi6, Lumley Road, Durham DH1 5NP3
£253K02/210.32 mi11, Cotherstone Road, Durham DH1 5YN3
£198.5K07/210.32 mi19, Chichester Road, Durham DH1 5QG3
£200K07/230.33 mi59, Alnwick Road, Newton Hall, Durham, County Durham DH1 5NN3
£170K03/210.36 mi82, Alnwick Road, Newton Hall, Durham, County Durham DH1 5PD3
£282.5K06/230.36 mi81, Alnwick Road, Newton Hall, Durham, County Durham DH1 5PD3
£210K06/230.36 mi82, Alnwick Road, Newton Hall, Durham, County Durham DH1 5PD3
£165K11/200.37 mi3, Ripon Road, Durham, County Durham DH1 5QJ3
£230K11/210.38 mi19, Canterbury Road, Newton Hall, Durham, County Durham DH1 5PX3
£170K06/210.39 mi18, Raby Road, Durham DH1 5NJ3
£210K04/230.4 mi10, Chichester Road, Durham, County Durham DH1 5QL3
£182.5K08/210.4 mi15, Chichester Road, Durham, County Durham DH1 5QL3
£188K12/200.4 mi2, Chichester Road, Durham DH1 5QL3
£155K10/220.41 mi115, Farnham Road, Durham, County Durham DH1 5LN3
£128.5K09/210.41 mi111, Farnham Road, Durham DH1 5LN3
£151.8K12/220.42 mi97, Farnham Road, Durham, County Durham DH1 5LN3
£175K08/210.42 mi27, York Crescent, Durham, County Durham DH1 5PU3
£180K11/220.43 mi3, Chichester Road, Durham, County Durham DH1 5QL3
£260K10/200.48 mi15, Rosemount, Durham, County Durham DH1 5GA3
£400K10/220.48 mi42, Rosemount, Durham, County Durham DH1 5GA3
£141K01/210.51 mi43, Caterhouse Road, Durham, County Durham DH1 5HR3
£190K05/210.53 mi2, Ryelands Way, Durham DH1 5GR3
£201.8K03/210.55 mi21, Edlingham Road, Newton Hall, Durham, County Durham DH1 5YS3
£202.5K11/200.57 mi3, Cartington Road, Durham DH1 5YR3
£150K05/210.59 mi3, Beaver Close, Durham DH1 5GS3
£127.1K01/210.62 mi12, Ghyll Field Road, Durham, County Durham DH1 5HU3

Local Rents

18 rents from £775/mo to £3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£3,00003/250.12 mi-3
£97512/240.24 miRochester Road, Newton Hall, Durham, DH13
£3,00001/250.37 mi-3
£2,40003/250.37 mi-3
£1,45010/240.61 mi-3
£1,10010/240.62 mi-3
£97012/240.64 mi-3
£89509/230.8 mi-3
£89501/250.83 mi-3
£97512/240.84 miPorter Close, Aykley Heads, Durham3
£1,40012/240.84 miSergeant Close, Aykley Heads, Durham, DH13
£1,30012/240.88 miCaley Rise, Pity ME, Durham, DH1 5UN3
£77512/240.88 miVictoria Court, Durham, DH13
£87508/230.91 mi-3
£2,50003/250.92 mi-3
£2,50003/250.92 mi-3
£80009/230.92 mi-3
£2,50012/240.97 mi-3

Links

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

1.61 miles away

Nearest school

0.30 miles away

Nearest train station

1.44 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £175,000

March 6, 2025

Floor Plans

Description

  • Three Bedroom +
  • Semi Detached House +
  • In Need of Modernisation +
  • No Upper Chain +
  • EPC Rating D +
  • West Facing Rear Garden +
  • Driveway and Garage +
  • Cul de Sac Location +
  • Viewing Recommended +
  • Call +

* IN NEED OF MODERNSITATION, CUL DE SAC LOCATION, WEST FACING REAR GARDEN, DRIVEWAY AND GARAGE, IDEAL FOR A RANGE OF PURCHASERS *

This three bedroom semi detached house is located in the Stanhope Close cul de sac on Newton Hall, Durham. The property requires modernisation and is being sold with the benefit of vacant possession. The property comprises: an entrance hall, spacious open plan living/dining room, kitchen and a utility room. To the first floor there are three bedrooms, a bathroom and a separate WC. Externally there is a front garden laid to lawn and a driveway leading to an integral garage. To the rear is a West facing garden laid to lawn. Viewings are highly recommended so please call us on .

Agent Details

Newfield Estates, Durham

0191 625 0102

Next Steps?

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

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