2 Bed Semi-Detached House, Cash/Bridging Only, DH9 8NL, £134,950

Orchard Grove, Kip Hill, Stanley, DH9 8NL - 4 views - 10 months ago

Cash
~68 m²
+15 photos

ValuationOvervalued

Sold Prices£32.8K - £150K
Sold Prices/m²£395/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£68,429

 

 

End Value (After Refurb)

£128,738

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,738

Stamp Duty & Legal Fees

£5,099

Refurb Costs

£26,271

Bridging Loan Interest

£3,542

Total Cash In

£70,400

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£128,738

Mortgage (After Refinance)

£96,553

Mortgage LTV

75%

Cash Left In

£70,400

Equity

£32,184

Rent Range

£420 - £600

Rent Estimate

£548

Running Costs/mo

£532

Cashflow/mo

£16

Cashflow/yr

£193

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £32.8K to £150K, average is £73K. £395/m² to £2.8K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£100K05/210.11 mi6, The Barns, Stanley, Durham DH9 8BN2
£66K06/230.21 mi2, West View Gardens, Stanley, County Durham DH9 8AR2
£54K10/210.24 mi16, Sylvia Terrace, Stanley, Durham DH9 0EG2
£54K10/210.24 mi16, Sylvia Terrace, Stanley, Durham DH9 0EG2
£53K05/230.24 mi9, Sylvia Terrace, Stanley, County Durham DH9 0EG2
£90K10/200.25 mi13, Watson Street, Stanley, County Durham DH9 0ES2
£55K11/200.25 mi12, Ernest Terrace, Stanley, Durham DH9 0EQ2
£55K11/200.28 mi10, Catherine Terrace, Shield Row, Stanley, Durham DH9 0EH2
£80K04/230.33 mi37, Ridley Street, Stanley, County Durham DH9 0PD2
£56K02/210.33 mi28, Ridley Street, Stanley, Durham DH9 0PD2
£85K07/210.34 mi76, Newburn Road, Stanley, County Durham DH9 0HJ2
£71K06/210.34 mi95, Newburn Road, Stanley, County Durham DH9 0HJ2
£75K04/210.34 mi75, Newburn Road, Stanley, County Durham DH9 0HJ2
£88K03/210.38 mi25, Newburn Road, Stanley, County Durham DH9 0EX2
£32.8K01/210.39 mi107, John Street, Beamish, Stanley, County Durham DH9 0QP2
£132.5K03/230.5 mi6, East Parade, Stanley, County Durham DH9 0PS2
£76.5K06/230.58 mi7, Leith Gardens, Tanfield Lea, Stanley, County Durham DH9 9LZ2
£83K11/210.64 mi9, Meadowfield Way, Tanfield Lea, Stanley, Durham DH9 9PG2
£100K06/230.72 mi23, Betjeman Close, Stanley, County Durham DH9 6UD2
£95K05/230.75 mi14, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NW2
£61.5K01/230.75 mi13, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NW2
£87.5K04/230.75 mi20, Constable Close, Stanley, County Durham DH9 6TE2
£83K04/210.76 mi10, Bede Close, Stanley, County Durham DH9 0TZ2
£35K11/200.77 mi10, Spen Street, Stanley, Durham DH9 7NJ2
£81.8K02/230.77 mi9, Evelyn Terrace, Stanley, County Durham DH9 7RN2
£80K11/210.8 mi11, Kipling Close, Stanley, Durham DH9 6UA2
£63.5K01/230.8 mi44, Spen Street, Stanley, County Durham DH9 7NJ2
£70K02/230.81 mi53, Wear Road, Stanley, County Durham DH9 6HL2
£66K02/210.81 mi51, Wear Road, Stanley, County Durham DH9 6HL2
£63K12/220.82 mi2, Garden Terrace, Stanley, County Durham DH9 7NP2
£68K02/230.83 mi8, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£150K06/210.84 mi11, Woodburn, Tanfield Lea, Stanley, County Durham DH9 9UR2
£97.5K11/220.84 mi14, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£78K12/200.84 mi27, Wansbeck Avenue, Stanley, County Durham DH9 6HS2
£115K11/200.84 mi30, Pea Road, Stanley, County Durham DH9 7RG2
£84K04/210.85 mi14, Milton Close, Stanley, County Durham DH9 6UB2
£83K11/200.87 mi26, Wansbeck Avenue, Stanley, Durham DH9 6HY2
£70K08/210.88 mi1, Joseph Street, Stanley, Durham DH9 7NS2
£77.5K06/230.88 mi5, Joseph Street, Stanley, County Durham DH9 7NS2
£62.5K11/200.88 mi11, Walton Close, Stanley, Durham DH9 6TH2
£50K11/200.88 mi24, Joseph Street, Stanley, Durham DH9 7NS2
£72.5K06/230.89 mi2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ2
£83K04/210.9 mi4, Sidney Close, Stanley, County Durham DH9 6UH2
£63K08/210.9 mi18, Coates Close, Stanley, Durham DH9 6XA2
£63K03/230.92 mi82, Eastfields, Stanley, County Durham DH9 7DN2
£73.5K02/230.93 mi79, Eastfields, Stanley, County Durham DH9 7DN2
£62K01/210.93 mi89, Eastfields, Stanley, Durham DH9 7DN2
£71.5K03/210.93 mi4, Engels Terrace, Stanley, County Durham DH9 6QG2
£48.3K12/200.95 mi26, Tweed Terrace, Stanley, Durham DH9 6JN2
£86K03/230.95 mi24, Tweed Terrace, Stanley, County Durham DH9 6JN2

Local Rents

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

RentDateDistanceAddressBeds 
£55012/240.24 miSylvia Terrace, Stanley2
£50012/240.26 mi-2
£52512/240.28 mi-2
£57512/240.37 miChurch Street, Stanley, County Durham, DH92
£59512/240.49 miBelle Street, Stanley, DH92
£57512/240.82 miWear Road, Stanley, County Durham, DH92
£53502/251.06 mi-2
£55012/241.07 miBircham Street, South Moor, Stanley, DH92
£42012/241.07 miPark Road, Stanley, County Durham, DH92
£60012/241.11 miOrwell Gardens, Stanley, Durham, DH92
£55004/251.12 mi-2
£55012/241.16 miOliver Street, Stanley, Durham, DH9 7AQ2
£50003/251.17 mi-2
£45001/251.18 mi-2
£59512/241.22 miHollyhill Gardens, Stanley, DH92

Local Area Statistics

Population in DH9

36,673

Nearest school

0.40 miles away

Nearest train station

5.03 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 £134,950

January 31, 2025

Listed for £129,950

July 12, 2024

Floor Plans

Description

  • Modern two-bedroom semi-detached house. +
  • Located in a cul-de-sac on a popular estate. +
  • Ideal first home with off-road parking. +
  • Rear garden. +
  • Hallway, WC, breakfasting kitchen with integrated appliances, and lounge. +
  • Two bedrooms: one with en-suite, the second with an additional bathroom door. +
  • Gas combi central heating. +
  • uPVC double glazing. +
  • Freehold tenure, Council Tax band A, EPC rating C (75). +
  • Virtual tour available. +

This modern two bedroom semi-detached house is located within a cul-de-sac on a popular estate and will make the perfect first home with highlights including off-road parking and rear garden. The accommodation comprises a hallway, WC, breakfasting kitchen with integrated appliances, lounge, first floor landing, two bedrooms, one with en-suite shower and the second with an additional door to the bathroom. Gas combi central heating, uPVC double glazing, freehold tenure, Council Tax band A, EPC rating C (75). Virtual tour available.  

HALLWAY 14' 4" x 6' 1" (4.38m x 1.86m) uPVC double glazed entrance door, stairs to the first floor, single radiator and doors leading to the breakfasting kitchen, lounge and WC. 

WC 5' 2" x 2' 11" (1.60m x 0.90m) WC , wash basin with tiled splash-back, single radiator and ceiling extractor fan. 

BREAKFASTING KITCHEN 14' 5" x 7' 4" (4.41m x 2.26m) A contemporary kitchen fitted with a range of wall and base units with contrasting laminate worktops and tiled splash-backs. Integrated fan assisted electric oven/grill, four ring gas hob with extractor fan over. Additional integrated appliances include a fridge. freezer and washing machine. Stainless steel sink with mixer tap, concealed gas combi central heating boiler, uPVC double glazed window and a double radiator. 

LOUNGE 10' 1" x 13' 10" (3.09m x 4.24m) uPVC double glazed French doors open to the garden. Single radiator, TC aerial cables and a telephone point. 

FIRST FLOOR  

LANDING Storage cupboard, loft access hatch with pull-down ladder (part boarded for storage with light). Doors lead to the bedrooms and bathroom. 

BEDROOM 1 (TO THE REAR) 10' 0" (into wardrobe) x 9' 0" (3.07m x 2.75m) Fitted mirrored wardrobe with sliding doors, uPVC double glazed window, single radiator and a door leading to the en-suite. 

EN-SUITE 8' 7" (maximum) x 4' 5" (2.64m x 1.35m) Thermostatic shower with tiled splash-backs, pedestal wash basin, WC, uPVC double glazed window, single radiator and an extractor fan. 

BEDROOM 2 (TO THE FRONT) 7' 11" x 13' 10" (into wardrobe) (2.43m x 4.24m) Fitted wardrobe with sliding mirrored door, uPVC double glazed window, single radiator and a door leading to the bathroom. 

BATHROOM 6' 2" x 5' 6" (1.90m x 1.70m) A white suite featuring a panelled bath with tiled splash-backs, pedestal wash basin, WC, single radiator and a ceiling mounted extractor fan. 

EXTERNAL  

TO THE FRONT Driveway providing off-street parking, side path leads to the rear. 

TO THE REAR Paved patio, lawn garden enclosed by timber fence. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating C (75). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

COUNCIL TAX 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.  

VIEWINGS We have created a virtual tour which can be viewed on our YouTube channel, our website, property portals and our social media accounts such as Facebook, Twitter and Instagram. To arrange a viewing please contact the office.  

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. 

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.  

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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