2 bed flat for sale Cheveley Park Shopping Centre, Belmont, Durham, DH1

2 beds 1 bath Flat

Leasehold

Added on 16/09/2026

About this property

***PLEASE NOTE THIS IS A CASH BUY ONLY*** Reeds Rains exclusively invite you to discover this currently been refurbished two bedroom flat in Durham. The property, which is generously proportioned, would make an ideal purchase for an investor. The floorplan briefly comprises two double bedrooms, a spacious lounge, a kitchen, and a bathroom.

Key features

Two Bedroom
DH1 Postcode
Investment Opportunity
Potential 11% Yield

Location

Cheveley Park Shopping Centre, Belmont, Durham, DH1

Open map Street View

Council tax band: A

Mortgage and stamp duty

Property price £55,000

£28k £83k

Deposit11% £6,000

£0 £55k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £49,000 mortgage. Most lenders would want a household income of about £11,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.