3 Bed Semi-Detached House, Single Let, DH9 6BP, £60,000

Ivy Terrace, Craghead, Stanley, Durham, DH9 6BP - 9 months ago

Sold STC
BTL
ROI: 15%
~91 m²
+8 photos

ValuationUndervalued

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

 

 

Square Metres

~91.04 m²
Price/m²£659/m²

Value Estimate

£73,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,200

 

 

Cash Out

 

Rent Range

£550 - £900

Rent Estimate

£569

Running Costs/mo

£321

Cashflow/mo

£248

Cashflow/yr

£2,972

ROI

15%

Gross Yield

11%

Local Sold Prices

29 sold prices from £45K to £175K, average is £95K. £429/m² to £2K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£53K06/210.18 mi41, Standerton Terrace, Stanley, County Durham DH9 6DD3
£103K03/230.26 mi14, Pemberton Terrace North, Stanley, County Durham DH9 6AU3
£45K08/230.33 mi11, Woodside Gardens, Stanley, County Durham DH9 6BA3
£115K03/230.33 mi48, Woodside Gardens, Stanley, County Durham DH9 6BA3
£113K01/230.33 mi28, Kimberley Gardens, Stanley, County Durham DH9 6DL3
£83K10/210.46 mi21, Horsley Close, Craghead, Stanley, County Durham DH9 6FA3
£75K12/200.6 mi4, Aylward Place, Stanley, Durham DH9 6XF3
£85K05/230.6 mi8, Aylward Place, Stanley, County Durham DH9 6XF3
£55K10/200.62 mi17, Lambton Terrace, Stanley, County Durham DH9 6EB3
£90K08/210.68 mi96, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£78K06/210.68 mi92, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£125K03/230.68 mi14, Hollyhill Gardens East, Stanley, County Durham DH9 6PG3
£85K06/230.73 mi55, Durham Road, Stanley, County Durham DH9 6QY3
£55.5K01/210.79 mi32, Cleveland Terrace, Stanley, County Durham DH9 6QL3
£127.5K03/230.79 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£60K03/210.85 mi24, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£54.3K03/210.85 mi23, Pentlands Terrace, Stanley, Durham DH9 6QJ3
£115K12/220.88 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£75K06/210.89 mi4, Coates Close, Stanley, County Durham DH9 6XA3
£96K12/220.91 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£170K07/210.92 mi9, Girvan Close, Stanley, Durham DH9 6UY3
£159.9K01/210.93 mi15, Sheridan Drive, Stanley, Durham DH9 6YX3
£95K12/210.96 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£175K09/210.96 mi4, Mowlam Drive, Stanley, Durham DH9 6YY3
£149.9K03/210.96 mi66, Mowlam Drive, Stanley, Durham DH9 6YY3
£115K05/230.97 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£115K01/230.99 mi14, Elgin Grove, Stanley, County Durham DH9 6UP3
£118K07/230.99 mi6, Elgin Grove, Stanley, County Durham DH9 6UP3
£52K02/211 mi95, Wear Road, Stanley, County Durham DH9 6HL3

Local Rents

12 rents from £550/mo to £900/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£55012/240.23 miGreylingstadt Terrace, Stanley3
£65003/250.64 mi-3
£65003/250.64 mi-3
£90012/240.74 mi-3
£90012/240.74 mi-3
£80012/240.74 mi-3
£85004/250.74 mi-3
£67511/241.14 mi-3
£55012/241.19 miSpen Street, Stanley, Durham, DH93
£60004/251.2 mi-3
£60012/241.2 mi-3
£62503/251.22 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

4.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £60,000

July 18, 2024

Floor Plans

Description

  • Three bedroom semi detached property +
  • Lounge and sun lounge +
  • Gas Central Heating & Double Glazed +
  • Bathroom and en suite +
  • Requires refurbishment +
  • Front and rear gardens with garage +
  • Freehold and council tax band A +
  • No Onward Chain +

Fantastic opportunity to purchase this spacious three bedroom semi detached property located in Craghead, Stanley. This property has fantastic potential and it does require refurbishment throughout but would be ideal project for a first time buyer or investor looking to add to there portfolio. Located close to local shops, schools and within a short drive or bus journey into Stanley town centre. The floorplan comprises Entrance porch, lounge, kitchen/diner and sun lounge. To the first floor bed one with en suite, two further bedrooms, bathroom and loft room. Further benefits include gas central heating, partial double glazing, front and rear gardens with a detached garage. There is no upper chain.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Stanley

01207 268924

Next Steps?

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