Cheveley Park Shopping Centre, Belmont, Durham, DH1
By Reeds Rains
£ 70,000
Reviews
2 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 property is a 2-bedroom apartment situated in Belmont, Durham, within the Cheveley Park Shopping Centre. The location benefits from its proximity to local amenities, including the shopping centre itself, and several well-regarded schools such as Belmont Cofe (Controlled) Primary School and Belmont Community School, both rated as “Good” by Ofsted. Transport links to Durham and Chester-le-Street are also relatively close by.
The apartment appears to be in reasonable condition, though some minor cosmetic updates might enhance its appeal. The images show a small, paved outdoor area, which may be considered a limited form of outdoor space. The lack of square footage data makes a definitive assessment of price per square foot impossible. However, given the average price per square foot in the area is £432 and the list price is significantly lower than the average house price (£442,613), it is possible that the pricing reflects the smaller size and type of property. The price may be considered reasonable relative to other apartments in the area, although further information on the size of the property would be needed to make a conclusive statement.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 2
- Bedrooms
- 2
- Bathrooms
- 1
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 %
- Average area rental value
- 1,587.00 £/moDecreased by 7.46 %
- 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 |