𝗗𝘂𝗿𝗵𝗮𝗺 𝗟𝗮𝗻𝗱𝗹𝗼𝗿𝗱𝘀: 𝗧𝗵𝗶𝘀 𝗜𝘀 𝗬𝗼𝘂𝗿 𝗦𝗮𝗹𝗲 𝗩𝗮𝗹𝘂𝗲 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗳𝗼𝗿 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟰 - 𝗝𝘂𝗹𝘆 𝟮𝟬𝟮𝟰

Durham is an increasing sales market at the moment, up 1.8% over the last 3 months compared to a national increase of 1.7% and a regional increase of 1.7%.

We sold a property on High Street North, DH7 within 3 days of it hitting the sales market and achieved asking price giving the buyer a yield of 11%

Another property we sold on Ruddock Avenue, Bishop Auckland, DL14 in 7 days of it hitting the market. This property was sold with a tenant in situ so rent from day 1!

The graph above shows the relative strength of the Durham market, the darker the colour the stronger the sales increase over the last 3 months.

𝙏𝙝𝙚 𝙗𝙚𝙨𝙩 𝙖𝙧𝙚𝙖𝙨 𝙩𝙤 𝙞𝙣𝙫𝙚𝙨𝙩 𝙖𝙩 𝙩𝙝𝙚 𝙢𝙤𝙢𝙚𝙣𝙩 𝙖𝙧𝙚:

• Bishop Auckland, DL14
• Hetton Le Hole, DH5
• Houghton Le Spring, DH5
• Langley Moor , DH7

You can pick up a 2/3 bedroom house for around £80k - £90k which will rent for £625 - £650

At NGU Homes, we pride ourselves on our comprehensive understanding of the local sales market and our commitment to maximizing returns for our landlords.

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