2 Bed Flat, Single Let, Durham, DH7 8UH £69,950

Meadow Rise, Meadowfield, Durham, DH7 8UH - 8 months ago
Sold STC
Leasehold
BTL
ROI: 11%
~68 m²
Property image

ValuationUndervalued

Sold Prices£37K - £220K
Sold Prices/m²£650/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£86,039
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,488

Stamp Duty & Legal Fees

£4,698

Total Cash In

£22,185

 

 

Cash Out

 

Rent Range

£380 - £1,650

Rent Estimate

£563

Running Costs/mo

£351

Cashflow/mo

£212

Cashflow/yr

£2,542

ROI

11%

Gross Yield

10%

Local Sold Prices

27 sold prices from £37K to £220K, average is £70K. £650/m² to £3.1K/m², average is £1.4K/m².

Price
Date
Distance
Address
Beds
 
£67.5K07/250.01 mi4, Meadow Rise, Durham DH7 8UH2
£70K10/210.01 mi30, Meadow Rise, Meadowfield, Durham DH7 8UH2
£70K04/230.01 mi28, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH2
£68K05/230.01 mi34, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH2
£68K05/230.02 mi34, Meadow Rise, Durham DH7 8UH2
£67.5K01/240.02 mi38, Meadow Rise, Durham DH7 8UH2
£67.5K01/240.02 mi38, Meadow Rise, Durham DH7 8UH2
£67K08/240.02 mi33, Meadow Rise, Durham DH7 8UH2
£67K08/240.02 mi33, Meadow Rise, Durham DH7 8UH2
£70K08/230.02 mi32, Meadow Rise, Durham DH7 8UH2
£70K08/230.02 mi32, Meadow Rise, Durham DH7 8UH2
£73.3K02/230.02 mi35, Meadow Rise, Meadowfield, Durham, County Durham DH7 8UH2
£71K07/230.02 mi20, Meadow Rise, Durham DH7 8UH2
£71K07/230.02 mi20, Meadow Rise, Durham DH7 8UH2
£37K07/240.56 mi11, St Andrews Square, Durham DH7 8NU2
£37K07/240.56 mi11, St Andrews Square, Durham DH7 8NU2
£78K03/250.57 mi12, St Andrews Square, Durham DH7 8NU2
£78K03/250.57 mi12, St Andrews Square, Durham DH7 8NU2
£175K09/221.1 mi7, Roundhaven, Durham, County Durham DH1 3TX2
£160K11/211.1 mi27, Roundhaven, Durham, County Durham DH1 3TX2
£39K04/231.16 mi15, Forest View, Durham DH7 8XB2
£39K04/231.19 mi15, Forest View, Brandon, Durham, County Durham DH7 8XB2
£125K03/241.26 mi5, School Court, Durham DH7 7RY2
£125K03/241.26 mi5, School Court, Durham DH7 7RY2
£215K06/231.43 mi6, Lowes Wynd, Durham, County Durham DH1 4NT2
£220K01/251.69 mi17, Monument Court, Durham DH1 4PD2
£175K02/232 mi6, Archers Court, Durham, County Durham DH1 4BP2

Local Rents

45 rents from £380/mo to £1.6K/mo, average is £600/mo.

Rent
Date
Distance
Address
Beds
 
£45008/250 miMeadow Rise, Meadowfield, Durham2
£65009/250.01 miMeadow Rise, Meadowfield, Durham2
£47507/250.01 miMeadow Rise, Meadowfield2
£77507/250.01 miMeadow Rise, Meadowfield, DH7 8UH2
£73510/250.02 miMeadow Rise, Meadowfield, Durham, County Durham, DH72
£70008/250.06 miMeadow Rise, Meadowfield, Durham, Durham, DH7 8UH2
£70012/240.06 miMeadow Rise, Meadowfield, Durham, Durham, DH7 8UH2
£43007/250.08 miTennyson House, Meadowfield, Durham, DH72
£65006/250.12 miLangley Moor, Durham2
£65009/250.12 miLangley Moor, Durham2
£39508/250.15 miFrederick Street North, Meadowfield2
£59511/250.15 miFrederick Street North, Meadowfield, Durham, DH7 8NB2
£67507/250.16 miTennyson House, 1 Frederick Street North, Meadowfield, Durham, DH7 8NB2
£70002/250.18 mi-2
£75009/250.18 mi-2
£65012/240.18 mi-2
£62506/250.18 miFrederick Street North, Meadowfield, Durham2
£1,65011/250.21 miFrederick Street South, Meadowfield, Durham2
£85011/250.21 miFrederick Street South, Meadowfield, Durham2
£50011/250.22 miFrederick Street South, Meadowfield, Durham, DH72
£65004/250.22 mi-2
£39508/250.22 miFrederick Street South, Meadowfield, Durham2
£55008/250.23 miFrederick Street South, Meadowfield, Durham, DH72
£67511/240.28 mi-2
£65011/250.28 miFrederick Street North, Meadowfield, Durham, DH7 8ND2
£67510/250.34 miHigh Street North, Langley Moor, Durham, DH72
£56312/240.37 miHigh Street North, DH72
£38008/250.39 miCommercial Street, Brandon Durham2
£56312/240.4 miHigh Street North - DH72
£58510/250.43 miHigh Street North, DH72
£55008/250.43 miHigh Street South, Langley Moor2
£1,10012/240.48 miLowland Road, Brandon2
£70006/250.48 miSt Bedes Way, Langley Moor, Durham, DH72
£40008/250.56 miSt Andrews Square, Brandon, Durham2
£40008/250.56 miSt. Andrews Square, Durham, DH72
£55008/250.56 miSt Andrews Square, Brandon2
£60010/250.56 miSt Andrews Square, Brandon, DH7 8NU2
£60011/250.56 miSt Andrews Square, Brandon, DH7 8NU2
£79508/250.57 miBlack Road, Langley Moor, Durham2
£60009/250.57 miLittleburn Lane, Langley Moor, Durham2
£40008/250.58 miLittleburn Lane , Langley Moor, DH72
£60005/250.58 mi-2
£65007/250.6 miWesley Court, Langley Moor, Durham2
£49508/250.61 miFlat 9 Langley Lodge, High Street South Back, Durham, DH72
£45008/250.61 miHigh Street South Back Langley Moor Durham2

Local Area Statistics

Population in DH7

40,842

Population in Durham

124,445

Town centre distance

2.43 miles away

Nearest school

0.30 miles away

Nearest train station

2.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £69,950

March 25, 2025

Floor Plans

Property image

Description

  • Ideal Investment, First Buy or Professional Property +
  • Possible Rent Around £600/£700pcm +
  • Popular Location +
  • Good Local Amenities +
  • First Floor Apartment +
  • Well Presented +
  • Upvc Double Glazing & Electric Heating +
  • Parking Space +

Ideal Investment, First Buy or Professional Property Possible Rent Around £600/£700pcm Popular Location Good Local Amenities First Floor Apartment Well Presented Upvc Double Glazing & Electric Heating Parking Space

Briefly comprising of communal entrance via entry system, stairs to all floors, hallway, open plan lounge, kitchen/diner, two bedrooms and bathroom/wc with over bath shower. Outside are communal gardens and allocated parking.

Meadowfield, situated just a few miles from Durham City, offers a balance of suburban convenience and community charm, making it a popular choice for potential buyers. The area is well-served by a variety of local amenities, including shops, supermarkets, cafes, and pubs, providing everything needed for day-to-day living. Families benefit from access to nearby schools and recreational facilities, such as parks and sports grounds, ideal for leisure and outdoor activities.

Meadowfield is well-connected, with regular bus services to Durham City and surrounding areas, as well as easy access to major roads like the A690 and A1(M), making it convenient for commuters. The nearby city centre offers additional amenities, including vibrant shopping, dining, and cultural attractions, while the surrounding countryside provides opportunities for walking, cycling, and enjoying nature.

Communal Entrance -

Private Hallway -

Living Kitchen Dining - 7.47m x 2.84m (24'6 x 9'4) -

Bedroom - 3.84m x 2.74m (12'7 x 9'0) -

Bathroom -

Bedroom - 2.69m x 2.03m (8'10 x 6'8) -

Agents Notes - Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Electric
Broadband: Basic 17 Mbps, Superfast 80 Mbps
Mobile Signal/Coverage: Good/Average
Tenure: Leasehold 125 years from 01/01/2007, 108 years remaining.
Service charge approx of £1133.50pa - includes buildings insurance and maintenance of communal areas etc.
Council Tax: Durham County Council, Band A - Approx. £1621 p.a
Energy Rating: B

The vendor is the principle of Robinsons Estate Agents

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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