According to the public record, 2, The Terrace, Durham is a period freehold house with 2,098 ft2 of internal area and sits on a 339 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
The Terrace, Meadowfield, Durham, DH7 is located within the DH7 postal district.
2, The Terrace, Durham has 31 entries in the Land Registry database, most recently in January 2020 and a single entry in the EPC database dated February 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 The Terrace Durham as £287,737 and the rental value as £1,388 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 2 The Terrace Durham has increased by £884 (0.3%) and its rental value has increased by £112 per month (8.0%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, The Terrace, Durham is in very good condition we estimate a sale value of £302,124 and rental value of £1,457 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,595 and a rental value of £1,290 per month.
If you were able to purchase this property for the estimated value of £287,737, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,414 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 2, The Terrace, Durham sits on a plot of 339m2.
We have plot size data on 2 out of 5 other houses in the postcode and 2, The Terrace, Durham sits on the largest plot.
According to HM Land Registry, 2, The Terrace, Durham was last sold on 06 Jan 2020 for £250,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jan 2020, the market for similar properties has risen 18.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, The Terrace, Durham within a radius of 750 metres over the last 2 years.
The most recent example is Lobley View, Lobley Hill, Durham, DH7 8RQ, a Freehold house which sold for £245,000 in May 2022.
Read more about house prices in DH7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Terrace, Meadowfield, Durham, DH7 has a total of 5 addresses. According to our analysis of all the public data, 2, The Terrace, Durham is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £137k more expensive than the average property in DH7.
2, The Terrace, Durham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 09 Feb 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, The Terrace, Durham is Durham station which is 4.0 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, The Terrace, Durham, 58.0% of property is privately owned outright and 36.1% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, The Terrace, Durham, 13.3% of residents are recorded as possessing school level qualifications and 31.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, The Terrace, Durham, the average age was 44.9 and the most common age was 57.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, The Terrace, Durham, 1.5% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, The Terrace, Durham, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.