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 %
- Est sale value
- 363,155.00 £Increased by 21.77 %
- Average area rental value
- 1,587.00 £/moDecreased by 7.46 %
- Est letting value
- 755.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.47 %Decreased by 5.89 %
- Crime Rate
- 50.00 %Unchanged by 0.00 %
Agent Activity
Reeds Rains created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Belmont Cofe (Controlled) Primary School | Voluntary Controlled School | Good | 0.30 KM |
| St Thomas More Primary School, Belmont | Academy Converter | 0.44 KM | |
| Belmont Community School | Community School | Good | 0.45 KM |
| Belmont Cheveley Park Primary School | Community School | Good | 0.78 KM |
| St Hild'S College Church Of England Aided Primary School, Durham | Voluntary Aided School | Good | 2.28 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| The Larches | £ 0 | 0 | 0.00 KM |
| Saint Mary's Road | £ 0 | 0 | 0.00 KM |
| Fellside Gardens | £ 175,000 | 0 | 0.00 KM |
| Grange Road | £ 174,313 | 0 | 0.00 KM |
| Belmont Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Durham | 7745 | DHM | 6.33 KM |
| Chester-Le-Street | 7736 | CLS | 9.61 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Cheveley Park Shopping Centre, Belmont, Durham, DH1 | £ 70,000 | BUY | 5 / 10 | 0.00 KM |
| Cheveley Park Shopping Centre, Belmont, Durham, DH1 | £ 70,000 | BUY | 6 / 10 | 0.00 KM |
| Cheveley Park Shopping Centre, Belmont, Durham, DH1 | £ 70,000 | BUY | 6 / 10 | 0.03 KM |
| Bishops Close, Belmont, Durham | £ 179,995 | BUY | Unknown | 0.09 KM |
| Broomside Lane, Belmont, Durham, DH1 | £ 110,000 | BUY | 5 / 10 | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 15 Bishops Close | £ 195,000 | 0.11 KM |
| 2 Bishops Close | £ 175,000 | 0.11 KM |
| 14 Bishops Close | £ 95,000 | 0.11 KM |
| 16 Bishops Close | £ 195,000 | 0.11 KM |
| 19 Bishops Close | £ 88,500 | 0.11 KM |