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3 bed flat for sale

£275,000 Offers over

Finney Terrace, Durham DH1

3 bed flat for sale 3 1 1
Interested in this property? Call +44 191 686 8255 * or Request Details

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Property description

This contemporary designed duplex apartment sits in a historic setting, offering breathtaking views over Durham.

Located within the beautiful Durham City Conservation area, Finney Court is set back and elevated above the streetscene, and the development wraps around the internal courtyard. The apartments have a warehouse appearance, constructed in red multi brick with timber cladding in the courtyard to the rear, with slate roofs steeped down the hill, varying in height and pitch. There are vertical aluminum windows, and the development gives an almost industrial appearance.

Externaly, Finney Court has an enclosed courtyard in red setts, contemporary lights, bollards and well designed planting.

Durham and the historic setting



The beautiful city of Durham is famous for Durham Cathedral and Durham Castle, a unesco World Heritage Site that attracts thousands of tourists every year. In fact, the Cathedral has been voted Britain's favourite building on a number of occasions. It sits in the centre of the city and is surrounded on three sides by the beautiful River Wear.

Durham has the third oldest university in England (after Oxford and Cambridge) with nearly 18,000 students. The university's students come from all over the world, which has made Durham a lively cosmopolitan city.

The central area of the City of Durham is one of the most important historic cities in Britain as a significant example of a medieval town within a defended complex; dominated by the cathedral, castle and bridges. It has a simple layout within the landscape, with roads and streets radiating out from the market place, and this medieval infrastructure forms the historic core of the Durham city conservation area. The wider setting of the conservation area is formed by Durham's 'outer bowl' comprising of the surrounding hills and ridgelines which provide an important wider visual context to the whole City.

Major components of the conservation area, as listed in the conservation assesment, are "the River Wear, the river banks and The Sands, St Nicholas cemetery and the parkland setting of Wharton Park and Aykley Heads providing a high quality landscape setting to this area. These areas contribute significantly to the setting of Durham Cathedral and Castle World Heritage Site and the wider City."

And, "The topography of the area from the low lying flood plain of the River Wear to the sloping woodland and fields rising to Aykley Heads to the dramatic steep slopes at Wharton Park, part of the lower reaches of Durham Bowl and its visual relationship to setting of the Medieval city".

Finney Court:



This beautifully designed building is set on Finney Terrace, just minutes from the City centre, and is arguably one of Durham's most sought after residential developments.

This bright duplex apartment offers light living spaces with floor to ceiling windows giving views onto the beautiful surroundings, and briefly comprises of an entrance hallway, family bathroom, master bedroom with en suite, open plan kitchen/lounge, enclosed staircase to the upper level, and two large upper bedrooms.

The enclosed staircase can be exposed to make a feature in the living area, subject to the usual planning consents being obtained.

We are reliably informed that there is an allocated parking bay for this apartment.

Leasehold information:

Leasehold term: Term : 125 years from 19 July 2006

Service charge in advance 2022: Kingston, £1334.35

Ground rent via HomeGround: £296.22PA

Tenancy information:

This property is currently let on a 12 month AST commencing on 31st July 2023, with rent set at £1250.00PCM, payable annually in advance.

EPC:


Current 62 | D

Potential 65 | D

Floor Area


861.11 ft2 / 80 m2

Council Tax Band D (Annual Estimate £2,203 pa)

Property info

Floorplan(s): Floorplan

Floorplan View original

Property value data/graphs for DH1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £482,334 £204 3.8 £426,921
Semi-detached £277,522 £167 3.2 £198,296
Terraced £293,453 £175 3.3 £221,836
Flats £186,670 £218 2.0 £139,585

Current asking prices in DH1

Average: £308,621
Avg. current asking prices in DH1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £120,000
(1)
£178,050
(17)
£256,135
(50)
£412,258
(41)
£510,161
(9)
Flats £96,750
(3)
£154,169
(23)
- - -
All £102,562
(4)
£164,319
(40)
£256,135
(50)
£412,258
(41)
£510,161
(9)

Current asking rents in DH1

Average: £1,170 pcm
Avg. current asking prices in DH1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £764 pcm
(13)
£1,381 pcm
(5)
£1,360 pcm
(22)
£1,613 pcm
(11)
£928 pcm
(4)
Flats £725 pcm
(22)
£1,138 pcm
(22)
£758 pcm
(1)
- -
All £739 pcm
(35)
£1,183 pcm
(27)
£1,334 pcm
(23)
£1,613 pcm
(11)
£928 pcm
(4)

Fun facts for DH1

Highest value in DH1
Highest value streets Zed-Index
Potters Bank £934,641
Chevallier Court £897,404
Westhouse Avenue £805,070
Wilkinson Walk £686,740
Quarryheads Lane £679,154
Highest turnover in DH1
Highest turnover streets Turnover
Kerryhill Drive 50.0%
Shepherds Court 50.0%
St. Helens Well 46.4%
Foxton Way 41.7%
Beal Walk 41.7%
Arrange Viewing

For more information about this property, please contact
10Homes, NE8 on +44 191 686 8255 * (local rate)

Monthly running costs Beta

£1,332 Monthly total

Mortgage

Purchase price
Deposit (10%) 27,500
Repayment term 25
Interest rate 2.0
Your payment £1,049 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Energy

Gas £27 Electricity £40 Estimated energy cost £67/mo How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 10500 kWh/year
Electricity: 2800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

County Durham

Estimated tax band D Council tax cost £180 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £17 Sewerage £19 Estimated water cost £36 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by 10Homes, and do not constitute property particulars. Please contact 10Homes for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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