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Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 8, The Chains, Durham is a mid-century leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 8, The Chains, Durham is £164,261 and the estimated rental value is £1,015 per month.
The Chains, Durham, DH1 is located within the DH1 postal district.
8, The Chains, Durham has 2 entries in the Land Registry , most recently in July 2018 and a single entry in the EPC database dated August 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 8, The Chains, Durham is in very good condition we estimate a sale value of £172,474 and a rental value of £1,066 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £152,763 and a rental value of £944 per month.
Over the last 12 months the sale value of 8 The Chains Durham has decreased by an estimated £1,801 (1.1%) and its rental value has increased by an estimated £19 per month (1.8%), giving an expected gross yield of 7.4%.
8, The Chains, Durham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Aug 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 8, The Chains, Durham was last sold on 27th July 2018 for £155,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since July 2018, the market for similar properties has dropped 15.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, The Chains, Durham within a radius of 700 metres over the last 2 years.
The most recent example is 12, The Chains, Durham, DH1 1QZ, a leasehold flat which sold for £165,000 on the 23rd July 2018.
Read more about house prices in DH1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Chains, Durham, DH1 has a total of 24 addresses. According to our analysis of all the public data, 8, The Chains, Durham is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £94k less expensive than the average property in DH1.
The closest station to 8, The Chains, Durham is Durham station which is 800 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 8, The Chains, Durham, 55.0% of property is privately rented and 24.4% is privately owned outright.
The graph below shows how this compares to North East 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 8, The Chains, Durham, 63.3% of residents are recorded as possessing school level qualifications and 38.5% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 8, The Chains, Durham, the average age was 26.3 and the most common age was 22.
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 8, The Chains, Durham, 0.8% 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 8, The Chains, Durham, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.
