3 Bed Terraced House, Single Let, DH9 6DE, £73,000

Greylingstadt Terrace, Craghead, Stanley, County Durham, DH9 6DE - 10 months ago

Sold STC
BTL
ROI: 12%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£45K - £175K
Sold Prices/m²£429/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£785/m²

Value Estimate

£89,060
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,250

Stamp Duty & Legal Fees

£4,850

Total Cash In

£23,100

 

 

Cash Out

 

Rent Range

£550 - £1,795

Rent Estimate

£600

Running Costs/mo

£368

Cashflow/mo

£232

Cashflow/yr

£2,783

ROI

12%

Gross Yield

10%

Local Sold Prices

41 sold prices from £45K to £175K, average is £95K. £429/m² to £2K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£53K06/210.08 mi41, Standerton Terrace, Stanley, County Durham DH9 6DD3
£103K03/230.31 mi14, Pemberton Terrace North, Stanley, County Durham DH9 6AU3
£45K08/230.35 mi11, Woodside Gardens, Stanley, County Durham DH9 6BA3
£115K03/230.35 mi48, Woodside Gardens, Stanley, County Durham DH9 6BA3
£113K01/230.41 mi28, Kimberley Gardens, Stanley, County Durham DH9 6DL3
£75K12/200.45 mi4, Aylward Place, Stanley, Durham DH9 6XF3
£85K05/230.45 mi8, Aylward Place, Stanley, County Durham DH9 6XF3
£90K08/210.45 mi96, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£78K06/210.45 mi92, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£125K03/230.45 mi14, Hollyhill Gardens East, Stanley, County Durham DH9 6PG3
£85K06/230.51 mi55, Durham Road, Stanley, County Durham DH9 6QY3
£127.5K03/230.56 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£55.5K01/210.57 mi32, Cleveland Terrace, Stanley, County Durham DH9 6QL3
£60K03/210.63 mi24, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£54.3K03/210.63 mi23, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£115K12/220.66 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£75K06/210.68 mi4, Coates Close, Stanley, County Durham DH9 6XA3
£83K10/210.68 mi21, Horsley Close, Craghead, Stanley, County Durham DH9 6FA3
£96K12/220.69 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£95K12/210.73 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£115K05/230.74 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£159.9K01/210.75 mi15, Sheridan Drive, Stanley, Durham DH9 6YX3
£52K02/210.77 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£175K09/210.77 mi4, Mowlam Drive, Stanley, Durham DH9 6YY3
£149.9K03/210.77 mi66, Mowlam Drive, Stanley, Durham DH9 6YY3
£170K07/210.77 mi9, Girvan Close, Stanley, Durham DH9 6UY3
£63K01/210.8 mi56, Wansbeck Avenue, Stanley, County Durham DH9 6HU3
£55K10/200.8 mi17, Lambton Terrace, Stanley, County Durham DH9 6EB3
£115K01/230.83 mi14, Elgin Grove, Stanley, County Durham DH9 6UP3
£118K07/230.83 mi6, Elgin Grove, Stanley, County Durham DH9 6UP3
£125K03/210.84 mi9, Holyoake, South Moor, Stanley, Durham DH9 7BU3
£89K03/230.86 mi44, Burns Close, Stanley, County Durham DH9 6TP3
£115K07/210.9 mi30, Kipling Close, Stanley, Durham DH9 6UA3
£120K07/210.9 mi29, Kipling Close, Stanley, County Durham DH9 6UA3
£65K06/230.91 mi23, Parmeter Street, South Moor, Stanley, County Durham DH9 7AR3
£100K01/230.93 mi32, Browning Close, Stanley, County Durham DH9 6UE3
£50K11/210.95 mi12, Oliver Street, Stanley, Durham DH9 7AQ3
£112.5K02/230.98 mi19, Sidney Close, Stanley, County Durham DH9 6UH3
£100K03/230.98 mi28, Betjeman Close, Stanley, County Durham DH9 6UD3
£86K03/230.98 mi16, Betjeman Close, Stanley, County Durham DH9 6UD3
£57.8K07/230.99 mi36, Lime Street, South Moor, Stanley, County Durham DH9 7EJ3

Local Rents

19 rents from £550/mo to £1.8K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£55012/240 miGreylingstadt Terrace, Stanley3
£65003/250.46 mi-3
£65003/250.46 mi-3
£90012/240.52 mi-3
£90012/240.52 mi-3
£80012/240.52 mi-3
£85004/250.52 mi-3
£67511/240.93 mi-3
£55012/240.96 miSpen Street, Stanley, Durham, DH93
£60004/250.99 mi-3
£60012/241 mi-3
£62503/251.01 mi-3
£1,79503/251.04 mi-3
£62512/241.06 mi-3
£65003/251.11 mi-3
£60004/251.2 mi-3
£60004/251.2 mi-3
£95012/241.22 mi-3
£77512/241.23 miGibside Close, Stanley, Durham, DH93

Local Area Statistics

Population in DH9

36,673

Nearest school

0.10 miles away

Nearest train station

4.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £73,000

July 9, 2024

Description

Sylvester Properties are delighted to welcome to the sales market this three bedroom mid terraced property located on Greylingstadt Terrace, Craghead. This deceptively spacious property briefly comprises; to the ground floor, an entrance hall, lounge, dining room, kitchen and porch. To the first floor are three bedrooms and a family bathroom. Externally, the property boasts a rear yard which can be used for off road parking.

Lounge
The lounge is located toward the front of this family home, decorated with carpets throughout, cream walls and a feature wall. The main feature of this space is a bricked fireplace with electric fire. A pair of internal doors allow access into the dining room.

Dining Room
The dining room continues the same style of décor showcased in the lounge. This useful additional reception room can comfortably house a family sized dining table as well as further benefitting from a large under stairs storage cupboard and integrated shelving to the walls.

Kitchen
The kitchen has recently been installed by the new owners and benefits from a combination of wall and base units topped with light grey wood effect work benches. The kitchen comes complete with a sink and plumbing suitable to house a washing machine as well as ample cupboard space.

Master Bedroom
The master bedroom is located overlooking the rear elevation of the property, complete with tastefully decorated walls and red carpets throughout. This large bedroom can comfortably house a king sized bed if required alongside various other bedroom furnishings, this space further benefits from a separate area which would make the perfect dressing room.

Bedroom Two
The second double bedroom features a bright colour palette which utilizes a combination of sage and white walls with grey carpets. This room contains an integrated cupboard complete with white internal doors which provides an abundance of storage space.

Bedroom Three
The third bedroom overlooks the front of the property, decorated with beige carpets, with light pastel walls. This third room can comfortably house a single bed but would also allow for easy adaptation into an at home office.

Bathroom
The bathroom contains a three piece white suite comprising of a WC with duel flush, wash basin and bath complete with overhead shower. Decorated with sage wooden panelling, grey vinyl flooring and white tiled splash back.

External
Externally, the property boasts a rear yard which can be utilized for off road parking if desired.

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

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