2 Bed Terraced House, Cash/Bridging Only, DH9 7QY, £55,000

33 Fern Avenue, South Moor, Stanley, DH9 7QY - a year ago

Cash
ROI: 5%
~60 m²
+9 photos

ValuationOvervalued

Sold Prices£24.5K - £150K
Sold Prices/m²£340/m² - £1.9K/m²

 

 

Square Metres

~59.90 m²
Price/m²£918/m²

Value Estimate

£48,527

 

 

End Value (After Refurb)

£54,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Refurb Costs

£23,104

Bridging Loan Interest

£1,444

Total Cash In

£43,998

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£54,000

Mortgage (After Refinance)

£40,500

Mortgage LTV

75%

Cash Left In

£43,998

Equity

£13,500

Rent Range

£420 - £600

Rent Estimate

£475

Running Costs/mo

£284

Cashflow/mo

£191

Cashflow/yr

£2,295

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £24.5K to £150K, average is £63K. £340/m² to £1.9K/m², average is £810/m².

PriceDateDistanceAddressBeds 
£45K04/210 mi36, Fern Avenue, Stanley, Durham DH9 7QY2
£36K10/210 mi30, Fern Avenue, Stanley, County Durham DH9 7QY2
£54K02/230 mi23, Fern Avenue, Stanley, County Durham DH9 7QY2
£40K11/200 mi10, Fern Avenue, Stanley, County Durham DH9 7QY2
£64K05/230.05 mi37, School Terrace, Stanley, County Durham DH9 7QN2
£54K02/230.09 mi26, Rose Avenue, Stanley, County Durham DH9 7RB2
£55K03/230.12 mi6, Bircham Street, Stanley, County Durham DH9 7AE2
£49K01/210.12 mi19, Standish Street, Stanley, County Durham DH9 7AD2
£52K07/210.17 mi25, William Street, South Moor, Stanley, Durham DH9 7BJ2
£24.5K01/210.17 mi17, William Street, South Moor, Stanley, Durham DH9 7BJ2
£65K08/210.18 mi3, South Field Court, South Stanley, Stanley, County Durham DH9 7BX2
£45K06/230.19 mi6, John Street, South Moor, Stanley, County Durham DH9 7BG2
£52K08/210.21 mi46, Mitchell Street, South Moor, Stanley, Durham DH9 7BQ2
£63K03/230.25 mi82, Eastfields, Stanley, County Durham DH9 7DN2
£73.5K02/230.27 mi79, Eastfields, Stanley, County Durham DH9 7DN2
£62K01/210.27 mi89, Eastfields, Stanley, Durham DH9 7DN2
£35.5K12/200.27 mi3, Elm Street, South Moor, Stanley, Durham DH9 7EA2
£44K11/210.29 mi62, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£28.5K03/210.29 mi60, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£115K11/200.3 mi30, Pea Road, Stanley, County Durham DH9 7RG2
£81.8K02/230.34 mi9, Evelyn Terrace, Stanley, County Durham DH9 7RN2
£53K07/210.34 mi57, Southfields, Stanley, County Durham DH9 7PG2
£77K06/210.35 mi48, Southfields, Stanley, Durham DH9 7PQ2
£55K02/210.37 mi13, Coquet Gardens, Stanley, Durham DH9 7PN2
£63K12/220.38 mi2, Garden Terrace, Stanley, County Durham DH9 7NP2
£63.5K01/230.38 mi44, Spen Street, Stanley, County Durham DH9 7NJ2
£50K11/200.4 mi24, Joseph Street, Stanley, Durham DH9 7NS2
£70K08/210.41 mi1, Joseph Street, Stanley, Durham DH9 7NS2
£77.5K06/230.41 mi5, Joseph Street, Stanley, County Durham DH9 7NS2
£83K11/210.42 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£75K11/200.42 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£98K01/230.42 mi39, Orwell Gardens, Stanley, County Durham DH9 6QA2
£35K11/200.43 mi10, Spen Street, Stanley, Durham DH9 7NJ2
£72K11/210.44 mi33, Tyne Road East, Stanley, Durham DH9 6NF2
£60K03/210.44 mi29, Waveney Gardens, Stanley, Durham DH9 7NG2
£120K12/220.52 mi1, Oxhill Villas, Stanley, County Durham DH9 7JT2
£78K12/200.54 mi27, Wansbeck Avenue, Stanley, County Durham DH9 6HS2
£150K11/200.54 mi4, Oxhill Villas, Stanley, Durham DH9 7JT2
£83K11/200.54 mi26, Wansbeck Avenue, Stanley, Durham DH9 6HY2
£72.5K06/230.58 mi2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ2
£48.3K12/200.58 mi26, Tweed Terrace, Stanley, Durham DH9 6JN2
£86K03/230.58 mi24, Tweed Terrace, Stanley, County Durham DH9 6JN2
£97.5K11/220.58 mi14, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£88K01/230.59 mi12, Jubilee Terrace, Stanley, County Durham DH9 7JJ2
£68K02/230.59 mi8, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£57K04/230.61 mi2, Wardle Street, Quaking Houses, Stanley, County Durham DH9 7EX2
£70K02/230.66 mi53, Wear Road, Stanley, County Durham DH9 6HL2
£66K02/210.66 mi51, Wear Road, Stanley, County Durham DH9 6HL2
£50K06/210.68 mi8, Mulberry Terrace, Stanley, Durham DH9 7JH2
£50K09/210.68 mi7, Mulberry Terrace, Stanley, County Durham DH9 7JH2

Local Rents

19 rents from £420/mo to £600/mo, average is £535/mo.

RentDateDistanceAddressBeds 
£53502/250.05 mi-2
£42012/240.09 miPark Road, Stanley, County Durham, DH92
£55012/240.11 miBircham Street, South Moor, Stanley, DH92
£45001/250.15 mi-2
£55012/240.16 miOliver Street, Stanley, Durham, DH9 7AQ2
£50003/250.17 mi-2
£55004/250.25 mi-2
£55012/240.25 miPoplar Street, Stanley, County Durham, DH92
£42512/240.25 mi-2
£49012/240.27 miPoplar Street, Stanley, County Durham, DH92
£50001/250.27 mi-2
£55002/250.27 mi-2
£52512/240.3 miPine Street, Stanley, County Durham, DH92
£60012/240.42 miOrwell Gardens, Stanley, Durham, DH92
£57512/240.53 miWear Road, Stanley, County Durham, DH92
£59512/240.59 miHollyhill Gardens, Stanley, DH92
£47512/240.6 miCoronation Terrace, Stanley, Durham, DH92
£59510/240.6 mi-2
£49512/240.61 miUnity Terrace, Stanley2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.40 miles away

Nearest train station

5.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Price changed to £55,000

April 5, 2025

Listed for £50,000

May 9, 2024

Floor Plans

Description

  • Investment offering a minimum 10% yield return +
  • 2 Bedroom mid terraced house +
  • Kitchen with integrated cooking appliances +
  • Front garden and rear yard +
  • Two double sized bedrooms +
  • Gas combi central heating +
  • Full uPVC double glazing +
  • Council Tax band A +
  • Freehold +
  • EPC rating D +

*** ATTENTION LANDLORDS OFFERING A MINIMUM YIELD RETURN 10%, WITH A TENANT PAYING £475 PCM AND WITHIN A FIXED TERM TENANCY UNTIL AUGUST 2025 - recently redecorated and new carpets installed to provide an ideal investment property. Benefits from gas combi central heating and uPVC double glazing, front garden and enclosed rear yard. Briefly comprises of entrance lobby, lounge with fireplace, kitchen with integrated cooking appliance, two double sized bedrooms and bathroom with shower over. EPC rating D. Council Tax band A. Freehold. 

ENTRANCE LOBBY uPVC double glazed door, radiator, staircase to the first floor.  

LOUNGE 15' 8" x 14' 4" (4.80m x 4.39m) Feature fireplace, laminate flooring, radiator, uPVC double glazed window.  

KITCHEN/DINER 13' 8" x 7' 1" (4.17m x 2.16m) Fitted with a range of wall and base units, complimentary work surfaces, tiled splash backs, integrated oven and gas cooking hob, inset sink and drainer, plumbed for washing machine, tiled flooring, uPVC double glazed window and door to the rear yard.  

FIRST FLOOR Landing, loft access.  

BEDROOM 1 (TO THE FRONT) 15' 8" into wardrobe x 11' 8" (4.80m x 3.57m) Sliding mirror wardrobe, radiator, uPVC double glazed window.  

BEDROOM 2 (TO THE REAR) 10' 5" x 9' 5" (3.18m x 2.88m) uPVC double glazed window, radiator, cupboard housing the gas combi central heating boiler. 

BATHROOM 6' 6" x 3' 10" (1.99m x 1.18m) Panel bath with shower fitment over, curtain and rail, WC, pedestal wash basin, radiator, vinyl flooring, uPVC double glazed window.  

EXTERNAL To front - garden enclosed by brick wall and access gate. To Rear - yard enclosed by brick wall with access gate.  

GLAZING Full uPVC double glazing installed. 

HEATING Gas fired central heating via combination boiler and radiators. 

ENERGY EFFICIENCY EPC rating D (68). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

COUNCIL TAX BAND The property is in Council Tax Band A. 

TENURE We understand that the property is freehold. We would recommend that any purchaser has this confirmed by their legal advisor.  

MORTGAGE ADVICE We have independent mortgage advisers within our branch, who will search the whole market to find the best suitable mortgage and help you progress through the process. Contact our office to arrange a telephone or office appointment.  

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed. 

AGENTS NOTE Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract. The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property. We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.

Agent Details

David Bailes, Stanley

01207 265903

Next Steps?

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