2 Bed Terraced House, Single Let, Chester-le-Street, DH3 3DW, £89,950

Pine Street, Chester Le Street, County Durham, DH3 3DW - 5 views - a year ago

BTL

ROI: 7%

~95 m²

+5 photos

ValuationUndervalued

Sold Prices	£50K - £220K
Sold Prices/m²	£737/m² - £3.2K/m²

Square Metres	~94.90 m²
Price/m²	£948/m²
Value Estimate	£118,688£118,688
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,488£22,488
Stamp Duty & Legal Fees	£4,049£4,049
Total Cash In	£26,536£26,536

Cash Out
Rent Range	£450 - £1,275£450 - £1,275
Rent Estimate	£595
Running Costs/mo	£420£420
Cashflow/mo	£175£175
Cashflow/yr	£2,099£2,099
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £50K to £220K, average is £86K. £737/m² to £3.2K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£65K	01/23	0.04 mi	6, Finchdale Terrace, Chester Le Street, County Durham DH3 3DL	-	-	2	Terraced House
£68K	08/21	0.04 mi	17, Pine Street, Chester Le Street, County Durham DH3 3DW	-	-	2	Terraced House
£58K	06/21	0.04 mi	23, Victor Street, Chester Le Street, Durham DH3 3DP	£951	61	2	Terraced House
£50K	05/23	0.04 mi	10, Victor Street, Chester Le Street, County Durham DH3 3DP	-	-	2	Terraced House
£79K	11/20	0.06 mi	5, Hemel Street, Chester Le Street, Durham DH3 3HP	£1,162	68	2	Terraced House
£65K	01/21	0.06 mi	6, Adelaide Street, Chester Le Street, County Durham DH3 3HY	£1,000	65	2	Terraced House
£98K	04/23	0.06 mi	9, Clarence Terrace, Chester Le Street, County Durham DH3 3DG	£852	115	2	Semi-Detached House
£195K	11/20	0.09 mi	20, Elvet Green, Chester Le Street, County Durham DH2 2ER	£3,197	61	2	Detached House
£81K	03/21	0.1 mi	11, Ernest Terrace, Chester Le Street, Durham DH3 3HR	£1,157	70	2	Terraced House
£60K	02/21	0.12 mi	6, Elm Street, Chester Le Street, County Durham DH3 3EA	£913	66	2	Terraced House
£69K	05/21	0.12 mi	14, Elm Street, Chester Le Street, County Durham DH3 3EA	£1,045	66	2	Terraced House
£116K	11/20	0.17 mi	21, Ashton Rise, Chester Le Street, Durham DH2 2JA	£1,966	59	2	Semi-Detached House
£131K	11/20	0.17 mi	3, Ashton Rise, Chester Le Street, Durham DH2 2JA	£2,079	63	2	Semi-Detached House
£78.5K	10/21	0.2 mi	21, Station View, Chester Le Street, County Durham DH2 2DF	£1,189	66	2	Terraced House
£90K	02/23	0.21 mi	16, Baden Street, Chester Le Street, County Durham DH3 3JQ	£1,252	72	2	Terraced House
£83.5K	12/22	0.22 mi	15, Baden Street, Chester Le Street, County Durham DH3 3JQ	£1,128	74	2	Terraced House
£75K	03/23	0.22 mi	8, Baden Street, Chester Le Street, County Durham DH3 3JQ	£1,442	52	2	Terraced House
£78K	03/23	0.23 mi	16, Allen Street, Chester Le Street, County Durham DH3 3JG	£1,159	67	2	Terraced House
£87K	04/23	0.23 mi	27, Allen Street, Chester Le Street, County Durham DH3 3JG	£1,261	69	2	Terraced House
£125K	10/21	0.23 mi	1, Castle Riggs, Chester Le Street, Durham DH2 2DL	£2,119	59	2	Terraced House
£91.5K	05/23	0.25 mi	20, Lambton Street, Chester Le Street, County Durham DH3 3NH	-	-	2	Terraced House
£170K	02/21	0.25 mi	34, St Cuthberts Avenue, Chester Le Street, Durham DH3 3PS	-	-	2	Semi-Detached House
£220K	10/22	0.25 mi	3, St Cuthberts Avenue, Chester Le Street, County Durham DH3 3PS	£2,933	75	2	Semi-Detached House
£120K	06/23	0.26 mi	14, Weldon Terrace, Chester Le Street, County Durham DH3 3NG	£1,558	77	2	Terraced House
£70K	02/21	0.27 mi	27, Clifford Terrace, Chester Le Street, County Durham DH3 3JN	£1,111	63	2	Terraced House
£65K	04/21	0.28 mi	18, Clifford Terrace, Chester Le Street, County Durham DH3 3JN	-	-	2	Terraced House
£65K	04/21	0.28 mi	18, Clifford Terrace, Chester Le Street, County Durham DH3 3JN	-	-	2	Terraced House
£85K	11/20	0.28 mi	30, Clifford Terrace, Chester Le Street, County Durham DH3 3JN	£1,371	62	2	Terraced House
£90K	04/23	0.3 mi	2, Wark Street, Chester Le Street, County Durham DH3 3JP	-	-	2	Terraced House
£140K	05/21	0.3 mi	16, George Street, Chester Le Street, Durham DH3 3NE	£1,894	74	2	Terraced House
£70K	10/20	0.3 mi	9, Tuart Street, Chester Le Street, Durham DH3 3EN	£737	95	2	Terraced House
£77K	01/21	0.3 mi	23, Tuart Street, Chester Le Street, Durham DH3 3EN	-	-	2	Terraced House
£80K	12/22	0.31 mi	7, Clifford Street, Chester Le Street, County Durham DH3 3JW	£943	85	2	Semi-Detached House
£80.5K	01/21	0.31 mi	34, Clifford Street, Chester Le Street, County Durham DH3 3JW	£994	81	2	Terraced House
£95K	01/23	0.31 mi	3, Ripon Street, Chester Le Street, County Durham DH3 3JR	£1,319	72	2	Terraced House
£99K	06/23	0.32 mi	20, The Anchorage, Chester Le Street, County Durham DH3 3QW	£2,078	48	2	Terraced House
£118K	02/21	0.33 mi	13, Orchard Terrace, Chester Le Street, County Durham DH3 3JU	-	-	2	Terraced House
£178.4K	03/23	0.33 mi	14, Orchard Terrace, Chester Le Street, County Durham DH3 3JU	£1,854	96	2	Terraced House
£85K	11/21	0.34 mi	1, Cooperative Street, Chester Le Street, Durham DH3 3EX	-	-	2	Terraced House
£152.5K	06/21	0.34 mi	1, Katrine Close, Chester Le Street, County Durham DH2 3EF	£2,460	62	2	Semi-Detached House
£90K	02/23	0.35 mi	5, Gray Avenue, Chester Le Street, County Durham DH2 2EL	£1,098	82	2	Terraced House
£85K	03/23	0.35 mi	22, Gray Avenue, Chester Le Street, County Durham DH2 2EL	£1,164	73	2	Terraced House
£77K	01/21	0.37 mi	26, Gray Avenue, Chester Le Street, Durham DH2 2EL	£1,167	66	2	Terraced House
£169.9K	06/21	0.39 mi	25, Grasmere Road, Chester Le Street, County Durham DH2 3DL	£3,207	53	2	Semi-Detached House
£143K	04/23	0.39 mi	11, Jolliffe Street, Chester Le Street, County Durham DH3 3LX	£1,765	81	2	Terraced House
£93K	12/20	0.4 mi	1, Cone Terrace, Chester Le Street, Durham DH3 3QH	£1,208	77	2	Terraced House
£108K	05/23	0.4 mi	4, Lancaster Terrace, Chester Le Street, County Durham DH3 3NW	-	-	2	Terraced House
£93.5K	05/21	0.4 mi	18, Lancaster Terrace, Chester Le Street, County Durham DH3 3NW	£1,016	92	2	Terraced House
£74K	03/21	0.41 mi	34, The Avenue, Chester Le Street, Durham DH2 2DB	£937	79	2	Semi-Detached House
£120K	01/21	0.41 mi	73, Lancaster Terrace, Chester Le Street, Durham DH3 3NP	£1,306	92	2	Terraced House

Local Rents

17 rents from £450/mo to £1.3K/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£450	12/24	0.03 mi	Poplar Street, Chester Le Street, Durham, DH3	2	Terraced House
£650	12/24	0.04 mi	-	2	Terraced House
£670	08/24	0.1 mi	-	2	Terraced House
£750	12/24	0.11 mi	Central Exchange, Chester le Street	2	Flat
£725	09/23	0.11 mi	-	2	Flat
£595	12/24	0.16 mi	Robertson Court, Chester Le Street, Durham, DH3	2	Flat
£650	04/25	0.2 mi	-	2	Flat
£625	12/24	0.21 mi	High Chare, Chester Le Street, County Durham, DH3	2	Flat
£625	04/25	0.22 mi	-	2	Terraced House
£595	12/24	0.23 mi	Allen Street, Chester-le-Street, County Durham	2	Terraced House
£1,275	06/24	0.28 mi	-	2	Flat
£675	12/24	0.31 mi	-	2	Terraced House
£650	12/24	0.33 mi	The Anchorage, Chester Le Street, County Durham, DH3	2	Flat
£695	12/24	0.35 mi	Orchard Terrace, Chester Le Street, DH3	2	Terraced House
£595	12/24	0.38 mi	Jolliffe Street, Chester Le Street, Dh3	2	Flat
£675	12/24	0.48 mi	Prospect Street, Chester Le Street, County Durham	2	Terraced House
£750	12/24	0.56 mi	-	2	Flat

Local Area Statistics

Population in DH3	25,79725,797
Population in Chester-le-Street	56,37756,377
Town centre distance	0.48 miles away0.48 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.16 miles away0.16 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+13%+13%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-3%-3%

Property History

Price changed to £89,950

November 23, 2024

Listed for £94,950

April 26, 2024

Floor Plans

Description

Double Fronted End Terraced House +
Larger Than Average Licving Space +
Living & Dining Room Measuring Almost 30ft +
Fitted Kitchen With High Gloss Units +
Ground Floor Shower Room/wc +
2 Good Size Double Bedrooms +
Gas Central Heating With Ideal Boiler +
UPVC Double Glazing +
Walking Distance Of Town Centre Amenities +
Freehold With No Onward Chain +

A spacious double fronted end terraced house offering very spacious accommodation and a convenient location, with immediate acces to the town centre's shops, restaurants, bars and amenities. The layout includes a great open-plan living room and dining room spanning the entire width of the house, which is separated by the central staircase. Extending to almost 30 feet, this room opens to the kitchen at the rear, with white high gloss units and integrated cooking appliances. A rear hall leads to a ground-floor shower room/wc. There are two good size double bedrooms on the first floor. To the rear is an enclosed, westerly-facing yard. The property has uPVC double glazing and gas central heating with an Ideal Logic combination boiler. It has a Freehold title and is available with no onward chain. Attractively priced given its size and potential, this substantial property must be viewed to be appreciated.

Pine Street forms part of the popular and sought-after terraces close to the town centre, with immediate access to Front Street and the town's many shops, schools, leisure facilities and other amenities. The town is a good base for commuting throughout the region via the excellent road network and public transport facilities. Situated on the main east coast railway line linking London and Edinburgh, the town has a good rail service with quick access to Durham City and Newcastle upon Tyne.

Agents Notes:

Tenure: Freehold
Council Tax Band: A
Mains Services: Gas, Electricity, Water (vendor advises supply is not metered), Sewage
Broadband: Ultrafast fibre broadband is available in the postcode. BT, Virgin Media, and Sky satellite/fibre TV are also available.
Mobile Coverage: Major networks provide mobile coverage.
Flood Risk: Rivers & Seas – Very Low; Surface Water – Very Low

Agent Details

J W Wood, Chester Le Street

0191 625 0107

Next Steps?

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