Cheveley Park Shopping Centre, Belmont, Durham, DH1
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Cheveley Park Shopping Centre, Belmont, Durham, DH1

By Reeds Rains

£ 70,000

Reviews

3 out of 5 stars

Reeds Rains says ..

Reeds Rains exclusively invite you to discover this two bedroom flat in Durham. The property, which is generously proportioned, would make an ideal purchase for an investor. Currently available for rent at £650pcm, this investment opportunity offers a potential yield of 11%. The floorplan b...

Property Oracle says ..

This 2-bedroom apartment is situated in Belmont, Durham, within the Cheveley Park Shopping Centre. The location benefits from its proximity to local amenities, including shops and primary schools. Belmont Community School and Belmont Cofe (Controlled) Primary School are both within a short distance, rated as “Good” by Ofsted. Transport links to Durham and Chester-le-Street are also relatively close by. The apartment itself appears to be in reasonable condition based on the photos; however, some minor updates or cosmetic improvements may be desirable. The property includes a small outdoor patio area. Considering the list price of £70,000 and the average price per square foot in the area (£432), this property is priced significantly lower than the average for the region. This may be due to its size (755 sqft) and location within a shopping centre, which might not appeal to all buyers. However, for a first-time buyer or investor seeking an affordable property in a convenient location, this could represent good value.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
8
Condition
7
Location
7
Land
3
Bedrooms
2
Bathrooms
1
Sqft (est)
755.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
426,436.00 £
Decreased by 1.59 %
from 433,305.00 £
Est sale value
363,155.00 £
Increased by 21.77 %
from 298,225.00 £
Average area rental value
1,587.00 £/mo
Decreased by 7.46 %
from 1,715.00 £/mo
Est letting value
755.00 £/mo
Unchanged by 0.00 %
from 755.00 £/mo
Est rental Yield
4.47 %
Decreased by 5.89 %
from 4.75 %
Crime Rate
50.00 %
Unchanged by 0.00 %
from 50.00 %

Agent Activity

  • Reeds Rains created the listing.

Nearby Schools

NameTypeOfstedDistance
Belmont Cofe (Controlled) Primary SchoolVoluntary Controlled SchoolGood0.30 KM
St Thomas More Primary School, BelmontAcademy Converter0.44 KM
Belmont Community SchoolCommunity SchoolGood0.45 KM
Belmont Cheveley Park Primary SchoolCommunity SchoolGood0.78 KM
St Hild'S College Church Of England Aided Primary School, DurhamVoluntary Aided SchoolGood2.28 KM

Images

Picture No. 14 Picture No. 03 Picture No. 06 Picture No. 09 Picture No. 05 Picture No. 11 Picture No. 07 Picture No. 04 Picture No. 08 Picture No. 02 Picture No. 01 Picture No. 17 Picture No. 15

Nearby Streets

NameAverage PriceAverage SqftDistance
The Larches £ 000.00 KM
Saint Mary's Road £ 000.00 KM
Fellside Gardens £ 175,00000.00 KM
Grange Road £ 174,31300.00 KM
Belmont Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Durham7745DHM6.33 KM
Chester-Le-Street7736CLS9.61 KM

Nearby Listings

AddressPriceTypeScoreDistance
Cheveley Park Shopping Centre, Belmont, Durham, DH1 £ 70,000BUY5 / 100.00 KM
Cheveley Park Shopping Centre, Belmont, Durham, DH1 £ 70,000BUY6 / 100.00 KM
Cheveley Park Shopping Centre, Belmont, Durham, DH1 £ 70,000BUY6 / 100.03 KM
Bishops Close, Belmont, Durham £ 179,995BUYUnknown0.09 KM
Broomside Lane, Belmont, Durham, DH1 £ 110,000BUY5 / 100.09 KM

Nearby Properties

AddressPriceDistance
15 Bishops Close £ 195,0000.11 KM
2 Bishops Close £ 175,0000.11 KM
14 Bishops Close £ 95,0000.11 KM
16 Bishops Close £ 195,0000.11 KM
19 Bishops Close £ 88,5000.11 KM