2 Bed Terraced House, Single Let, DH9 7AT, £49,995

Charlotte Street, South Moor, Stanley, DH9 7AT - a year ago

Sold STC
BTL
ROI: 12%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£24.5K - £150K
Sold Prices/m²£340/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£55,727
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,499

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,199

 

 

Cash Out

 

Rent Range

£420 - £600

Rent Estimate

£425

Running Costs/mo

£261

Cashflow/mo

£164

Cashflow/yr

£1,965

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £24.5K to £150K, average is £63.3K. £340/m² to £2.4K/m², average is £818/m².

PriceDateDistanceAddressBeds 
£77K06/210.08 mi48, Southfields, Stanley, Durham DH9 7PQ2
£53K07/210.12 mi57, Southfields, Stanley, County Durham DH9 7PG2
£45K06/230.14 mi6, John Street, South Moor, Stanley, County Durham DH9 7BG2
£52K07/210.15 mi25, William Street, South Moor, Stanley, Durham DH9 7BJ2
£24.5K01/210.15 mi17, William Street, South Moor, Stanley, Durham DH9 7BJ2
£44K11/210.15 mi62, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£28.5K03/210.15 mi60, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£35.5K12/200.16 mi3, Elm Street, South Moor, Stanley, Durham DH9 7EA2
£55K02/210.18 mi13, Coquet Gardens, Stanley, Durham DH9 7PN2
£55K03/230.2 mi6, Bircham Street, Stanley, County Durham DH9 7AE2
£65K08/210.2 mi3, South Field Court, South Stanley, Stanley, County Durham DH9 7BX2
£52K08/210.21 mi46, Mitchell Street, South Moor, Stanley, Durham DH9 7BQ2
£60K03/210.24 mi29, Waveney Gardens, Stanley, Durham DH9 7NG2
£64K05/230.26 mi37, School Terrace, Stanley, County Durham DH9 7QN2
£83K11/210.27 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£75K11/200.27 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£98K01/230.27 mi39, Orwell Gardens, Stanley, County Durham DH9 6QA2
£45K04/210.29 mi36, Fern Avenue, Stanley, Durham DH9 7QY2
£36K10/210.29 mi30, Fern Avenue, Stanley, County Durham DH9 7QY2
£54K02/230.29 mi23, Fern Avenue, Stanley, County Durham DH9 7QY2
£40K11/200.29 mi10, Fern Avenue, Stanley, County Durham DH9 7QY2
£57K04/230.33 mi2, Wardle Street, Quaking Houses, Stanley, County Durham DH9 7EX2
£49K01/210.34 mi19, Standish Street, Stanley, County Durham DH9 7AD2
£73.5K02/230.36 mi79, Eastfields, Stanley, County Durham DH9 7DN2
£62K01/210.36 mi89, Eastfields, Stanley, Durham DH9 7DN2
£63K03/230.36 mi82, Eastfields, Stanley, County Durham DH9 7DN2
£54K02/230.37 mi26, Rose Avenue, Stanley, County Durham DH9 7RB2
£72K11/210.38 mi33, Tyne Road East, Stanley, Durham DH9 6NF2
£50K11/200.43 mi24, Joseph Street, Stanley, Durham DH9 7NS2
£70K08/210.43 mi1, Joseph Street, Stanley, Durham DH9 7NS2
£77.5K06/230.43 mi5, Joseph Street, Stanley, County Durham DH9 7NS2
£63K12/220.46 mi2, Garden Terrace, Stanley, County Durham DH9 7NP2
£63.5K01/230.48 mi44, Spen Street, Stanley, County Durham DH9 7NJ2
£48.3K12/200.51 mi26, Tweed Terrace, Stanley, Durham DH9 6JN2
£86K03/230.51 mi24, Tweed Terrace, Stanley, County Durham DH9 6JN2
£83K11/200.52 mi26, Wansbeck Avenue, Stanley, Durham DH9 6HY2
£35K11/200.52 mi10, Spen Street, Stanley, Durham DH9 7NJ2
£78K12/200.53 mi27, Wansbeck Avenue, Stanley, County Durham DH9 6HS2
£81.8K02/230.54 mi9, Evelyn Terrace, Stanley, County Durham DH9 7RN2
£72.5K06/230.54 mi2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ2
£50K04/210.54 mi12, Fourth Street, Quaking Houses, Stanley, Durham DH9 7HB2
£97.5K11/220.57 mi14, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£115K11/200.57 mi30, Pea Road, Stanley, County Durham DH9 7RG2
£68K02/230.58 mi8, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£70K02/230.65 mi53, Wear Road, Stanley, County Durham DH9 6HL2
£66K02/210.65 mi51, Wear Road, Stanley, County Durham DH9 6HL2
£87.5K04/230.7 mi20, Constable Close, Stanley, County Durham DH9 6TE2
£120K12/220.71 mi1, Oxhill Villas, Stanley, County Durham DH9 7JT2
£150K11/200.73 mi4, Oxhill Villas, Stanley, Durham DH9 7JT2
£71.5K03/210.74 mi4, Engels Terrace, Stanley, County Durham DH9 6QG2

Local Rents

17 rents from £420/mo to £600/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£55002/250.04 mi-2
£55004/250.11 mi-2
£55012/240.11 miPoplar Street, Stanley, County Durham, DH92
£50003/250.14 mi-2
£45001/250.15 mi-2
£55012/240.15 miOliver Street, Stanley, Durham, DH9 7AQ2
£50001/250.15 mi-2
£49012/240.19 miPoplar Street, Stanley, County Durham, DH92
£42512/240.2 mi-2
£55004/250.24 mi-2
£55012/240.25 miBircham Street, South Moor, Stanley, DH92
£52512/240.26 miPine Street, Stanley, County Durham, DH92
£42012/240.26 miPark Road, Stanley, County Durham, DH92
£60012/240.28 miOrwell Gardens, Stanley, Durham, DH92
£53502/250.34 mi-2
£59512/240.38 miHollyhill Gardens, Stanley, DH92
£57512/240.54 miWear Road, Stanley, County Durham, DH92

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

5.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £49,995

May 17, 2024

Description

  • Two Bedrooms +
  • Available Now +

Ideal Investment Opportunity!
This two bedroom property on Charlotte Street, South Moor, Stanley is being offered to the sales market as a tenanted investment opportunity. This home would make a great starting investment or addition to your portfolio sold with tenants in situ paying £425 per month, genertaing an impressive 10% yield annually.

ENTRANCE HALL
The UPVC double glazed door leads directly into the properties front entrance hall which provides access to the first floor via carpeted staircase.

LOUNGE
The lounge lies to the front of the property and benefits from neutral décor with carpeted flooring and adjoining door to the properties kitchen. Taking focal point within the properties lounge is the gas fireplace. Numerous electrical points are installed.

KITCHEN
The kitchen is located to the rear of the property. The kitchen benefits from a range of wall and base units with matching vinyl flooring.

BATHROOM
The bathroom comprises a three piece suite featuring walkin shower, wash basin and wc. The bathroom is fully tiled throughout with complimenting vinyl flooring, frosted glass window and central heating radiator.

BEDROOM
The master bedroom lies to the front elevation of the property and benefits from neutral tones and complimenting carpet allowing the viewer to put their own stamp on this versatile home. The master bedroom further benefits from double glazed window, numerous electrical points and central heating radiator.

BEDROOM TWO
This bedroom will easily accommodate a single bed and various bedroom furnishings, central heating radiator, numerous electrical points and double glazed window are included.

YARD
Externally the property benefits from a rear enclosed yard and garden.

ABOUT THE AREA
Charlotte Street is located within South Moor just a short five minute walk to the town of Stanley. Stanley benefits from a range of local amenities including large ASDA and Aldi stores. There is also an abundance of recreational facilities available and excellent transport links into both the cities of Durham and Newcastle.

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪