Cheveley Park Shopping Centre, Belmont, Durham, DH1
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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 %
from 433,305.00 £
Average area rental value
1,587.00 £/mo
Decreased by 7.46 %
from 1,715.00 £/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

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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