2 Bed Flat, Single Let, Chester-le-Street, DH3 3FB, £94,950

Robertson Court, Chester Le Street, DH3 3FB - 1 views - 9 months ago

Sold STC

Leasehold

BTL

ROI: 7%

~74 m²

+9 photos

ValuationUndervalued

Sold Prices	£55K - £324K
Sold Prices/m²	£1.1K/m² - £2.4K/m²

Square Metres	~74 m²
Price/m²	£1.3K/m²
Value Estimate	£116,337£116,337
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£23,738£23,738
Stamp Duty & Legal Fees	£4,049£4,049
Total Cash In	£27,786£27,786

Cash Out
Rent Range	£450 - £1,275£450 - £1,275
Rent Estimate	£595
Running Costs/mo	£436£436
Cashflow/mo	£159£159
Cashflow/yr	£1,911£1,911
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

40 sold prices from £55K to £324K, average is £86.8K. £1.1K/m² to £2.4K/m², average is £1.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£82K	07/21	0.03 mi	4, Robertson Court, Chester Le Street, County Durham DH3 3FB	£1,206	68	2	Flat
£89K	11/20	0.03 mi	1, Robertson Court, Chester Le Street, Durham DH3 3FB	£1,712	52	2	Flat
£88.5K	05/21	0.03 mi	39, Robertson Court, Chester Le Street, Durham DH3 3FB	£1,485	60	2	Flat
£85K	07/23	0.03 mi	8, Robertson Court, Chester Le Street, County Durham DH3 3FB	£1,364	62	2	Flat
£93K	07/22	0.05 mi	33, Robertson Court, Chester Le Street, County Durham DH3 3FB	£1,368	68	2	Flat
£78K	11/20	0.13 mi	34, Union Court, Chester Le Street, Durham DH3 3PA	£1,500	52	2	Flat
£57.5K	08/23	0.13 mi	33, Union Court, Chester Le Street, County Durham DH3 3PA	£1,127	51	2	Flat
£55K	02/23	0.13 mi	12, Union Court, Chester Le Street, County Durham DH3 3PA	-	-	2	Flat
£132K	09/21	0.26 mi	8, Central Exchange, Chester Le Street, Durham DH3 3DX	£1,953	68	2	Flat
£130K	04/22	0.31 mi	10, Central Exchange, Chester Le Street, County Durham DH3 3DX	-	-	2	Flat
£110K	06/23	0.4 mi	6a, Bede Court, Chester Le Street, County Durham DH3 3YJ	£1,642	67	2	Flat
£115K	08/22	0.41 mi	24, Bede Court, Chester Le Street, County Durham DH3 3YJ	£1,620	71	2	Flat
£85K	09/22	0.41 mi	24, The Anchorage, Chester Le Street, County Durham DH3 3QW	£1,771	48	2	Flat
£99K	05/23	0.46 mi	10, The Anchorage, Chester Le Street, County Durham DH3 3QW	-	-	2	Flat
£97.5K	07/22	0.56 mi	36, Robertson Court, Chester Le Street, County Durham DH3 3FB	£1,598	61	2	Flat
£300K	06/23	0.57 mi	13, The Hermitage, Chester Le Street, County Durham DH2 3RG	-	-	2	Flat
£324K	07/22	0.57 mi	15, The Hermitage, Chester Le Street, County Durham DH2 3RG	£2,418	134	2	Flat
£70K	02/23	0.59 mi	58, Chatton Close, Chester Le Street, County Durham DH2 3HU	-	-	2	Flat
£78.5K	09/21	0.59 mi	62, Chatton Close, Chester Le Street, Durham DH2 3HU	£1,506	52	2	Flat
£89K	10/21	0.59 mi	60, Chatton Close, Chester Le Street, Durham DH2 3HU	-	-	2	Flat
£187K	04/22	0.62 mi	11, The Hermitage, Chester Le Street, County Durham DH2 3RG	£2,283	82	2	Flat
£60K	07/23	0.64 mi	2, Thropton Close, Chester Le Street, County Durham DH2 3HW	£1,071	56	2	Flat
£85K	01/23	0.64 mi	4, Thropton Close, Chester Le Street, County Durham DH2 3HW	£1,518	56	2	Flat
£91K	08/22	0.64 mi	43, Bowmont Walk, Chester Le Street, County Durham DH2 3JA	£1,717	53	2	Flat
£95K	10/22	0.65 mi	21, Barford Drive, Chester Le Street, County Durham DH2 3HR	£1,939	49	2	Flat
£85K	05/21	0.65 mi	18, Redesdale Road, Chester Le Street, Durham DH2 3HS	£1,667	51	2	Flat
£59K	11/20	0.65 mi	22, Redesdale Road, Chester Le Street, County Durham DH2 3HS	£1,157	51	2	Flat
£120K	02/23	0.69 mi	43, Sandringham Court, Chester Le Street, County Durham DH3 3SQ	£1,846	65	2	Flat
£100K	03/23	0.69 mi	32, Sandringham Court, Chester Le Street, County Durham DH3 3SQ	£1,635	61	2	Flat
£104K	07/21	0.69 mi	38, Sandringham Court, Chester Le Street, Durham DH3 3SQ	£1,625	64	2	Flat
£100K	04/23	0.69 mi	42, Sandringham Court, Chester Le Street, County Durham DH3 3SQ	£1,545	65	2	Flat
£125.1K	06/22	0.69 mi	11, Sandringham Court, Chester Le Street, County Durham DH3 3SQ	£1,723	73	2	Flat
£75K	06/23	0.69 mi	32, Bowmont Walk, Chester Le Street, County Durham DH2 3JB	£1,427	53	2	Flat
£81.8K	12/20	0.69 mi	7, Bowmont Walk, Chester Le Street, Durham DH2 3JA	£1,572	52	2	Flat
£85K	11/22	0.69 mi	27, Bowmont Walk, Chester Le Street, County Durham DH2 3JA	£1,532	55	2	Flat
£85K	03/21	0.71 mi	39, Glanton Close, Chester Le Street, Durham DH2 3SW	£1,635	52	2	Flat
£82K	08/22	0.73 mi	38, Glanton Close, Chester Le Street, County Durham DH2 3SW	-	-	2	Flat
£63.5K	05/23	0.77 mi	59, Redesdale Road, Chester Le Street, County Durham DH2 3JG	-	-	2	Flat
£75K	04/21	0.79 mi	35, Redesdale Road, Chester Le Street, County Durham DH2 3HT	£1,389	54	2	Flat
£67.5K	05/21	0.83 mi	50, Norton Close, Chester Le Street, Durham DH2 3JF	£1,298	52	2	Flat

Local Rents

16 rents from £450/mo to £1.3K/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£595	12/24	0.02 mi	Robertson Court, Chester Le Street, Durham, DH3	2	Flat
£725	09/23	0.05 mi	-	2	Flat
£625	04/25	0.06 mi	-	2	Terraced House
£595	12/24	0.07 mi	Allen Street, Chester-le-Street, County Durham	2	Terraced House
£650	12/24	0.14 mi	-	2	Terraced House
£450	12/24	0.19 mi	Poplar Street, Chester Le Street, Durham, DH3	2	Terraced House
£695	12/24	0.19 mi	Orchard Terrace, Chester Le Street, DH3	2	Terraced House
£595	12/24	0.23 mi	Jolliffe Street, Chester Le Street, Dh3	2	Flat
£750	12/24	0.26 mi	Central Exchange, Chester le Street	2	Flat
£670	08/24	0.26 mi	-	2	Terraced House
£650	04/25	0.33 mi	-	2	Flat
£625	12/24	0.34 mi	High Chare, Chester Le Street, County Durham, DH3	2	Flat
£1,275	06/24	0.42 mi	-	2	Flat
£650	12/24	0.47 mi	The Anchorage, Chester Le Street, County Durham, DH3	2	Flat
£675	12/24	0.47 mi	-	2	Terraced House
£595	12/24	0.61 mi	Chatton Close, Chester Le Street, Durham, DH2	2	Flat

Local Area Statistics

Population in DH3	25,79725,797
Population in Chester-le-Street	56,37756,377
Town centre distance	0.61 miles away0.61 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+13%+13%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-3%-3%

Property History

Listed for £94,950

August 2, 2024

Floor Plans

Description

LARGER STYLE +
TOP FLOOR APARTMENT +
SUPERBLY WELL PRESENTED +
RE-DECORATED THROUGHOUT +
NEW FLOORING +
EXCELLENT LOCATION IN TOWN CENTRE +
EN-SUITE FACILITIES +
NICE OUTLOOK +
ALLOCATED CAR PARKING +
A MUST VIEW +

LARGER STYLE TOP FLOOR APARTMENT * SUPERBLY WELL PRESENTED * RE-DECORATED THROUGHOUT * NEW FLOORING * EXCELLENT LOCATION IN TOWN CENTRE * EN-SUITE FACILITIES * NICE OUTLOOK * ALLOCATED CAR PARKING AND VISITOR PARKING * A MUST VIEW

This well-maintained, improved, and spacious two-bedroom top-floor apartment is now available for purchase with NO UPPER CHAIN. Situated in a traditionally sought-after residential development in Chester-le-Street Town Centre, this property boasts a larger-than-average layout. It enjoys a prime location, with close proximity to local shops, amenities, and transport links, making it an ideal choice for a variety of potential buyers.

Key features of the property include uPVC double glazing, gas-fired central heating, and a secure entry system. The floor plan comprises a communal entrance leading to an entrance vestibule, an entrance lobby, and an open-plan lounge and kitchen-diner equipped with a comprehensive range of fitted wall and base units. From here, you can enjoy nice views over Chester-le-Street.

The apartment includes a bathroom/WC with a white three-piece suite, a master bedroom with an en-suite shower room, and a generously sized second bedroom.

Outside, the property offers allocated car parking for added convenience, as well as several visitor parking bays.

Entrance Lobby -

Hallway -

Lounge / Dining Area - 5.8 x 3.7 (19'0" x 12'1") -

Kitchen - 3.4 x 2.9 (11'1" x 9'6") -

Bedroom One - 3.8 x 2.9 (12'5" x 9'6") -

En-Suite -

Bedroom Two - 2.8 x 2.6 (9'2" x 8'6") -

Bathroom -

Agent's Notes - Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Gas Central Heating
Broadband: Basic 17 Mbps, Superfast 80 Mbps
Mobile Signal/Coverage: Good
Tenure: Leasehold – 102 years remaining – service charge just over £900pa, ground rent between £50 - £100pa
Council Tax: Durham County Council, Band B - Approx. £1,891 p.a
Energy Rating: C

Disclaimer: The preceding details have been sourced from the seller and OnTheMarket.com. Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities. Robinsons cannot accept liability for any information provided.