3 Bed Terraced House, Cash/Bridging Only, DH9 0EF, £89,950

Wylam Terrace, Shield Row, Stanley, DH9 0EF - 3 views - 8 months ago

Sold STC
Cash
ROI: 3%
~95 m²
+16 photos

ValuationFair Value

Sold Prices£43K - £400K
Sold Prices/m²£526/m² - £3.1K/m²

 

 

Square Metres

~94.50 m²
Price/m²£952/m²

Value Estimate

£89,950

 

 

End Value (After Refurb)

£111,264

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,488

Stamp Duty & Legal Fees

£3,899

Refurb Costs

£36,450

Bridging Loan Interest

£2,361

Total Cash In

£66,947

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£111,264

Mortgage (After Refinance)

£83,448

Mortgage LTV

75%

Cash Released

£15,985

Cash Left In

£50,962

Equity

£27,816

Rent Range

£550 - £1,795

Rent Estimate

£637

Running Costs/mo

£495

Cashflow/mo

£142

Cashflow/yr

£1,703

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £43K to £400K, average is £113.8K. £526/m² to £3.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£101K12/220.02 mi7, Wylam Terrace, Stanley, County Durham DH9 0EF3
£122.5K06/230.04 mi6, Sylvia Terrace, Stanley, County Durham DH9 0EG3
£84K05/210.05 mi17, Gordon Terrace, Stanley, Durham DH9 0LF3
£92K11/210.08 mi10, Robert Terrace, Stanley, County Durham DH9 0ER3
£110K03/210.14 mi4, Station Villas, Shield Row, Stanley, Durham DH9 8RJ3
£157.5K02/210.14 mi92, Station Road, Stanley, County Durham DH9 0JU3
£110K02/230.17 mi30, Wylam Road, Stanley, County Durham DH9 0EN3
£177K12/220.18 mi38, Murray Park, Stanley, County Durham DH9 0PN3
£125K07/210.18 mi1, Murray Park, Stanley, Durham DH9 0PN3
£185K06/230.18 mi3, Murray Park, Stanley, County Durham DH9 0PN3
£220K11/220.19 mi132, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£215K04/230.19 mi128, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£50K12/200.19 mi50, Newburn Road, Stanley, County Durham DH9 0EX3
£184.9K12/220.19 mi85, Murray Park, Stanley, County Durham DH9 0PU3
£210K01/230.19 mi5, Charnwood, Stanley, County Durham DH9 8BW3
£115K11/200.22 mi39a, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NG3
£79K02/230.23 mi81, Newburn Road, Stanley, County Durham DH9 0HJ3
£90K06/210.23 mi1, Pearson Street, Stanley, Durham DH9 8RQ3
£190K01/210.23 miMarzion, Pearson Street, Stanley, Durham DH9 8RQ3
£139.9K12/220.24 mi10, Pelaw Avenue, Stanley, County Durham DH9 0EZ3
£153K08/210.28 mi11, Barnhill, Stanley, County Durham DH9 8AN3
£43K03/230.31 mi1, Belle Street, Stanley, County Durham DH9 0DB3
£92K02/230.33 mi55, Hillside Gardens, Stanley, County Durham DH9 0HB3
£183.5K04/230.37 mi8, James Street, Shield Row, Stanley, County Durham DH9 8RH3
£186K11/200.37 mi14, Cumbria Place, Stanley, Durham DH9 0HN3
£160K03/210.37 mi13, Cumbria Place, Stanley, County Durham DH9 0HN3
£245K01/230.41 mi21, Badgers Wood, Stanley, County Durham DH9 0HR3
£400K11/220.43 miAlicia House, Causey Way, Kip Hill, Stanley, County Durham DH9 8RN3
£165K07/210.45 mi18, Northumbria Place, Stanley, Durham DH9 0UB3
£165K07/210.45 mi18, Northumbria Place, Stanley, Durham DH9 0UB3
£160K02/230.45 mi22, Northumbria Place, Stanley, County Durham DH9 0UB3
£83K06/230.49 mi18, Broom Hill, Stanley, County Durham DH9 8AZ3
£100K03/230.5 mi28, Betjeman Close, Stanley, County Durham DH9 6UD3
£86K03/230.5 mi16, Betjeman Close, Stanley, County Durham DH9 6UD3
£89K03/230.51 mi44, Burns Close, Stanley, County Durham DH9 6TP3
£70K06/210.55 mi45, Whinside, Stanley, Durham DH9 8AU3
£205K09/210.56 mi62, East Street, Stanley, County Durham DH9 0UF3
£115K07/210.57 mi30, Kipling Close, Stanley, Durham DH9 6UA3
£120K07/210.57 mi29, Kipling Close, Stanley, County Durham DH9 6UA3
£100K01/230.58 mi32, Browning Close, Stanley, County Durham DH9 6UE3
£105K06/230.61 mi8, St Heliers Way, Stanley, County Durham DH9 0UR3
£52K02/210.66 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£112.5K02/230.67 mi19, Sidney Close, Stanley, County Durham DH9 6UH3
£95K12/210.69 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£88.8K07/210.69 mi56, Heather Way, Stanley, Durham DH9 7RP3
£90K05/230.69 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£90K02/210.7 mi3, St Brelades Way, Stanley, County Durham DH9 0UN3
£90K02/210.7 mi3, St Brelades Way, Stanley, County Durham DH9 0UN3
£75K06/210.7 mi4, Coates Close, Stanley, County Durham DH9 6XA3
£149.9K03/210.7 mi66, Mowlam Drive, Stanley, Durham DH9 6YY3

Local Rents

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

RentDateDistanceAddressBeds 
£57512/240.26 miSunny Terrace, Stanley, Co. Durham, DH93
£62512/240.32 mi-3
£60003/250.36 mi-3
£62512/240.51 miBroom Hill, Stanley3
£77512/240.59 miGibside Close, Stanley, Durham, DH93
£55012/240.68 miSpen Street, Stanley, Durham, DH93
£90012/240.86 mi-3
£90012/240.86 mi-3
£80012/240.86 mi-3
£85003/250.86 mi-3
£95012/240.89 mi-3
£65003/250.94 mi-3
£65003/250.98 mi-3
£65003/250.98 mi-3
£67511/241.01 mi-3
£1,79503/251.04 mi-3
£62503/251.09 mi-3
£60003/251.11 mi-3
£60012/241.11 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

4.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £89,950

July 30, 2024

Floor Plans

Description

  • Mid terraced house +
  • Two reception rooms +
  • 3 bedrooms +
  • Kitchen & bathroom +
  • Self contained rear yard +
  • Full uPVC double glazing +
  • Gas combi central heating +
  • EPC rating D (66) +
  • Council Tax band A, freehold +
  • Virtual tour available +

A charming terraced house with three bedrooms and two reception rooms, situated in the popular Shield Row area of Stanley. This property is ideally suited for first-time buyers or investors, offering both character and potential with its high ceilings. The accommodation includes an inviting lobby, a comfortable lounge, an inner hallway, a spacious dining room, a well-appointed kitchen, a bathroom, and three generously sized bedrooms. Additionally, the property features a private yard to the rear, providing a secluded outdoor space. Council Tax band A, freehold, EPC rating D (66). Virtual tour available. 

LOBBY 4' 0" x 3' 4" (1.24m x 1.03m) uPVC double glazed entrance door, door to the lounge. 

LOUNGE 10' 2" (into alcove) x 18' 3" (3.11m x 5.58m) uPVC double glazed window, central heating double panelled radiator, telephone point, satellite TV cables, coving and a door to the inner hallway. 

INNER HALLWAY Stairs to the first floor, central heating double panelled radiator and a door leading to the dining room. 

DINING ROOM 14' 11" (maximum) x 14' 11" (maximum) (4.57m x 4.55m) Feature archways to alcoves with base storage cupboard, dado rail, storage cupboard housing the gas combi central heating boiler, central heating double panelled radiator, coving, uPVC double glazed window and an archway through to the kitchen. 

KITCHEN 12' 2" (maximum) x 8' 10" (3.72m x 2.70m) White wall and base units with laminate worktops and tiled splash-backs. Slot in electric cooker, plumbed for a washing machine, stainless steel single drainer sink with vegetable drainer and mixer tap, tiled floor, uPVC double glazed window, matching rear exit door, small passage leads to the bathroom, tiled floor. 

BATHROOM 7' 5" x 7' 10" (2.27m x 2.40m) A white suite featuring a panelled bath, separate shower cubicle with glazed door and mains-fed shower. Wash basin with base storage, low level WC, part tiled walls, tiled floor, central heating double panelled radiator, two uPVC double glazed windows, extractor fan and a PVC panelled ceiling. 

FIRST FLOOR LANDING Storage cupboard uPVC double glazed window, loft access hatch and doors leading to the bedrooms. 

BEDROOM 1 (TO THE REAR) 11' 11" x 11' 8" (3.65m x 3.56m) uPVC double glazed window, central heating single panelled radiator and coving. 

BEDROOM 2 (TO THE FRONT) 13' 0" x 10' 1" (3.98m x 3.09m) uPVC double glazed window, central heating single panelled radiator and coving. 

BEDROOM 3 (TO THE FRONT) 9' 10" x 7' 9" (3.01m x 2.38m) uPVC double glazed window and a central heating single panelled radiator. 

EXTERNAL Externally there is a front garden with patio area and an enclosed rear yard. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating D (66). 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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