4 Bed Terraced House, Refurb/BRRR, Durham, DH1 4QP, £750,000

South Street, Durham, DH1 4QP - a month ago

Auction
Refurb/BRRR
~129 m²
+13 photos

ValuationOvervalued

Sold Prices£135K - £900K
Sold Prices/m²£1.1K/m² - £5.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5.8K/m²

Value Estimate

£342,335

 

 

End Value (After Refurb)

£540,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£63,700

Refurb Costs

£49,479

Bridging Loan Interest

£19,688

Total Cash In

£322,117

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£540,000

Mortgage (After Refinance)

£405,000

Mortgage LTV

75%

Cash Left In

£322,117

Equity

£135,000

Rent Range

£672 - £5,308

Rent Estimate

£1,960

Running Costs/mo

£2,100

Cashflow/mo

£-139

Cashflow/yr

£-1,674

Gross Yield

3%

Local Sold Prices

45 sold prices from £135K to £900K, average is £397.5K. £1.1K/m² to £5.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£460K03/210 mi60, South Street, Durham, County Durham DH1 4QP4
£370K01/210.22 mi22, Briardene, Durham, County Durham DH1 4QU4
£460K02/230.24 mi20, The Avenue, Durham, County Durham DH1 4ED4
£475K02/210.24 mi8, The Avenue, Durham DH1 4ED4
£397.5K06/210.24 mi14, The Avenue, Durham, County Durham DH1 4ED4
£531.8K06/230.25 mi23, Crossgate Peth, Durham, County Durham DH1 4PZ4
£355K11/200.25 miAspen Lodge, Crossgate Peth, Durham DH1 4PZ4
£450K11/200.32 miMoreland House, The Avenue, Durham, County Durham DH1 4EB4
£430K05/210.33 mi40, Highgate, Durham DH1 4GA4
£600K01/230.39 miFarnley Hey, Farnley Hey Road, Durham, County Durham DH1 4EA4
£485K03/210.41 mi5, Farnley Hey Road, Durham, County Durham DH1 4EA4
£418.3K01/230.43 mi38, Archery Rise, Durham, County Durham DH1 4LA4
£260K09/210.45 mi46, Kirkwood Drive, Durham DH1 4FF4
£343K12/200.47 mi1, Howlcroft Villas, Durham, County Durham DH1 4DU4
£900K12/200.48 miPercy House, Percy Lane, Durham DH1 4HE4
£540K01/230.49 mi7, Albert Street, Durham, County Durham DH1 4RL4
£295K06/210.53 mi27, Faraday Court, Durham DH1 4FG4
£300K05/210.53 mi30, Faraday Court, Durham DH1 4FG4
£520K01/230.56 mi14, St Monica Grove, Durham, County Durham DH1 4AT4
£307K09/210.58 mi39, St Bedes Close, Durham DH1 4AA4
£326K01/230.58 mi45, St Bedes Close, Durham, County Durham DH1 4AA4
£320K08/210.59 mi21, Geoffrey Avenue, Durham DH1 4PF4
£195K06/210.59 mi18, St Bedes Close, Durham, County Durham DH1 4AB4
£715K10/210.61 miCrook Hall Farmhouse, Sidegate, Durham, County Durham DH1 5SZ4
£390K04/230.62 mi11, Wearside Drive, Durham, County Durham DH1 1LE4
£315K12/200.63 mi22, Redhills Lane, Durham, County Durham DH1 4AJ4
£478K12/220.69 mi9, Redhills Lane, Durham, County Durham DH1 4AL4
£135K05/230.69 mi12a, Nevilles Cross Villas, Durham, County Durham DH1 4JR4
£295K04/230.74 mi10, Kells Buildings, Durham, County Durham DH1 4JL4
£385K05/210.75 mi31, Field House Lane, Durham DH1 4LT4
£414K06/210.76 mi14, Ferens Park, Durham DH1 1NU4
£361K03/210.76 mi4, Ferens Park, Durham DH1 1NU4
£435K03/230.76 mi15, Ferens Park, Durham, County Durham DH1 1NU4
£325K07/230.77 mi5, Railway Cottages, Crossgate Moor, Durham, County Durham DH1 4JB4
£400K06/210.8 mi15, Nickleby Chare, Durham, County Durham DH1 3QX4
£435K10/210.8 mi14, Nickleby Chare, Durham, County Durham DH1 3QX4
£373K10/210.8 mi1, Dickens Wynd, Durham, County Durham DH1 3QR4
£435K12/210.8 mi12, Dickens Wynd, Durham DH1 3QR4
£490K12/210.8 miTriermayne, Nevilles Cross Bank, Durham, County Durham DH1 4JP4
£620K03/210.8 miLindisfarne, Nevilles Cross Bank, Durham, County Durham DH1 4JP4
£325K12/200.83 mi5, Copperfield, Durham, County Durham DH1 3QT4
£600K05/210.86 miWestaways, Lowes Barn Bank, Durham, County Durham DH1 3QP4
£340K04/230.89 mi15, Boste Crescent, Durham, County Durham DH1 5US4
£380K11/220.89 mi19, Boste Crescent, Durham, County Durham DH1 5US4
£390K04/230.89 mi144, Gilesgate, Durham, County Durham DH1 1QQ4

Local Rents

38 rents from £672/mo to £5.3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£71512/240.15 miAllergate, Durham, DH15
£5,30812/240.19 miAlexandria Crescent, Crossgate Moor, Durham7
£75812/240.22 miNevilledale Terrace, Durham5
£1,70012/240.22 mi-4
£73712/240.24 miAtherton Street, Durham, DH14
£1,15012/240.24 miQuarryheads Lane, Durham, County Durham, DH13
£3,64008/240.25 mi-6
£67212/240.27 miHawthorn Terrace, Durham, DH16
£67612/240.28 miHawthorn Terrace, Durham, DH16
£2,00012/240.28 miNevilledale Terrace, Durham, DH15
£3,79212/240.29 miLawson Terrace, Durham City5
£5,30812/240.29 miFlass Street, Durham City7
£4,55012/240.32 mi-6
£3,68312/240.32 miMistletoe Street, Durham City5
£3,46712/240.32 miMistletoe Street, Durham City5
£2,00012/240.34 miBeech Croft, Durham, DH15
£1,40012/240.34 miByland Close, Durham City3
£69312/240.4 mi-4
£1,95012/240.42 miLeazes Court, Leazes Place, Durham, DH14
£72812/240.46 miBoyd Street, Durham, DH17
£72812/240.48 miPeartree Cottages, Durham, DH16
£72812/240.49 miHigh Wood View, Durham, DH17
£72812/240.49 miHigh Wood Terrace, Durham, DH16
£1,60012/240.5 miKirkwood Drive, Nevilles Cross5
£1,10012/240.5 miKirkwood Drive, Sheraton Park3
£1,05012/240.51 mi-3
£70612/240.52 miThe Hallgarth, Durham, DH16
£70612/240.52 miThe Hallgarth, Durham, DH16
£1,60012/240.53 mi-4
£1,10012/240.53 mi-4
£71912/240.54 miHallgarth Street, Durham, DH17
£1,29512/240.58 miKirkwood Drive, Nevilles Cross, Durham4
£3,77012/240.58 miSt. Monica Grove, Durham6
£1,80012/240.59 miIllingworth Grove, Durham, DH13
£2,42712/240.59 miDLI 1 Cottages, Back Western Hill, Durham4
£3,10008/230.61 mi-4
£3,40002/250.61 mi-4
£3,00003/250.61 mi-4

Local Area Statistics

Population in DH1

49,938

Population in Durham

124,445

Town centre distance

0.30 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £750,000

March 22, 2025

Floor Plans

Description

Located in a highly desirable and much sought after street in the heart of Durham City, this delightful four bedroom property has so much to offer its new owners.

Offering fantastic views of the World heritage site, Durham Cathedral from the front aspect, which is the most sought after view in the City. Houses in this location, with these sort of views rarely come to market.

In good order, having been maintained but ready for modernisation throughout this extremely attractive property is grade II listed, being built in the early 18th century, it will no doubt attract much interest.

Comprising in brief; Entrance hallway leading to three spacious reception rooms, the main lounge being situated to the front of the property with feature original open fireplace, a second reception room to the front and up a half flight of stairs leads to a large dining room to the rear of the house with open fireplace, feature exposed brick wall with feauture book cabinet inlay, exposed beamed ceiling and having door to the enclosed rear garden.
The kitchen is accessed from this landing also, it is in need of renovation but a great space with views of the garden and access to it via rear door.
There is also a shower room here, having double shower, hand wash basin and WC, again in need of updating, but a useful space, ideal for family living.

Up a further half flight of stairs, there are two delightful double bedrooms, one with feature original cast iron fireplace, you can then head up a further flight of stairs to the third and a fourth single room in addition to the house bathroom having bath, hand wash basin and WC. Like the shower room, the bathroom is now ready for updating.

Externally the property is accessed from the front via stone steps, from the pavement and attractive cobbled street. There is resident parking available (with permit) to the front.
The enclosed rear garden is stepped from the property and has paved and lawned areas.

Offering a great opportunity to create a beautiful family home in the heart of Durham, we advise any interested parties to contact us without delay to discuss this property further.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

Agent Details

Bridgfords, Durham

0191 607 1402

Next Steps?

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