2 Bed Terraced House, Single Let, Chester-le-Street, DH3 3JH, £100,000

Ramsey Street, Chester Le Street, Durham, DH3 3JH - 2 views - 9 months ago

Sold STC

BTL

ROI: 6%

~71 m²

+3 photos

ValuationOvervalued

Sold Prices	£50K - £235K
Sold Prices/m²	£852/m² - £3.5K/m²

Square Metres	~71 m²
Price/m²	£1.4K/m²
Value Estimate	£97,307£97,307

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£6,200£6,200
Total Cash In	£31,200£31,200

Cash Out
Rent Range	£450 - £1,275£450 - £1,275
Rent Estimate	£595
Running Costs/mo	£452£452
Cashflow/mo	£144£144
Cashflow/yr	£1,722£1,722
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £50K to £235K, average is £94.3K. £852/m² to £3.5K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£83.5K	12/22	0.03 mi	15, Baden Street, Chester Le Street, County Durham DH3 3JQ	£1,128	74	2	Terraced House
£90K	02/23	0.04 mi	16, Baden Street, Chester Le Street, County Durham DH3 3JQ	£1,252	72	2	Terraced House
£75K	03/23	0.04 mi	8, Baden Street, Chester Le Street, County Durham DH3 3JQ	£1,442	52	2	Terraced House
£78K	03/23	0.05 mi	16, Allen Street, Chester Le Street, County Durham DH3 3JG	£1,159	67	2	Terraced House
£87K	04/23	0.05 mi	27, Allen Street, Chester Le Street, County Durham DH3 3JG	£1,261	69	2	Terraced House
£80K	12/22	0.07 mi	7, Clifford Street, Chester Le Street, County Durham DH3 3JW	£943	85	2	Semi-Detached House
£80.5K	01/21	0.07 mi	34, Clifford Street, Chester Le Street, County Durham DH3 3JW	£994	81	2	Terraced House
£70K	02/21	0.08 mi	27, Clifford Terrace, Chester Le Street, County Durham DH3 3JN	£1,111	63	2	Terraced House
£65K	04/21	0.08 mi	18, Clifford Terrace, Chester Le Street, County Durham DH3 3JN	-	-	2	Terraced House
£65K	04/21	0.08 mi	18, Clifford Terrace, Chester Le Street, County Durham DH3 3JN	-	-	2	Terraced House
£90K	04/23	0.09 mi	2, Wark Street, Chester Le Street, County Durham DH3 3JP	-	-	2	Terraced House
£85K	11/20	0.1 mi	30, Clifford Terrace, Chester Le Street, County Durham DH3 3JN	£1,371	62	2	Terraced House
£120K	06/23	0.1 mi	14, Weldon Terrace, Chester Le Street, County Durham DH3 3NG	£1,558	77	2	Terraced House
£95K	01/23	0.11 mi	3, Ripon Street, Chester Le Street, County Durham DH3 3JR	£1,319	72	2	Terraced House
£140K	05/21	0.11 mi	16, George Street, Chester Le Street, Durham DH3 3NE	£1,894	74	2	Terraced House
£118K	02/21	0.12 mi	13, Orchard Terrace, Chester Le Street, County Durham DH3 3JU	-	-	2	Terraced House
£178.4K	03/23	0.12 mi	14, Orchard Terrace, Chester Le Street, County Durham DH3 3JU	£1,854	96	2	Terraced House
£91.5K	05/23	0.14 mi	20, Lambton Street, Chester Le Street, County Durham DH3 3NH	-	-	2	Terraced House
£143K	04/23	0.15 mi	11, Jolliffe Street, Chester Le Street, County Durham DH3 3LX	£1,765	81	2	Terraced House
£81K	03/21	0.17 mi	11, Ernest Terrace, Chester Le Street, Durham DH3 3HR	£1,157	70	2	Terraced House
£65K	01/21	0.18 mi	6, Adelaide Street, Chester Le Street, County Durham DH3 3HY	£1,000	65	2	Terraced House
£79K	11/20	0.19 mi	5, Hemel Street, Chester Le Street, Durham DH3 3HP	£1,162	68	2	Terraced House
£65K	01/23	0.27 mi	6, Finchdale Terrace, Chester Le Street, County Durham DH3 3DL	-	-	2	Terraced House
£125K	07/23	0.27 mi	73, Lancaster Terrace, Chester Le Street, County Durham DH3 3NP	£1,361	92	2	Terraced House
£120K	01/21	0.27 mi	73, Lancaster Terrace, Chester Le Street, Durham DH3 3NP	£1,306	92	2	Terraced House
£113K	03/23	0.27 mi	40, Lancaster Terrace, Chester Le Street, County Durham DH3 3NP	£1,395	81	2	Terraced House
£68K	08/21	0.27 mi	17, Pine Street, Chester Le Street, County Durham DH3 3DW	-	-	2	Terraced House
£98K	04/23	0.27 mi	9, Clarence Terrace, Chester Le Street, County Durham DH3 3DG	£852	115	2	Semi-Detached House
£152.5K	06/21	0.28 mi	1, Katrine Close, Chester Le Street, County Durham DH2 3EF	£2,460	62	2	Semi-Detached House
£58K	06/21	0.28 mi	23, Victor Street, Chester Le Street, Durham DH3 3DP	£951	61	2	Terraced House
£50K	05/23	0.28 mi	10, Victor Street, Chester Le Street, County Durham DH3 3DP	-	-	2	Terraced House
£135K	02/23	0.28 mi	77, Lancaster Terrace, Chester Le Street, County Durham DH3 3NP	£1,611	84	2	Terraced House
£116K	11/20	0.29 mi	21, Ashton Rise, Chester Le Street, Durham DH2 2JA	£1,966	59	2	Semi-Detached House
£131K	11/20	0.29 mi	3, Ashton Rise, Chester Le Street, Durham DH2 2JA	£2,079	63	2	Semi-Detached House
£195K	11/20	0.29 mi	20, Elvet Green, Chester Le Street, County Durham DH2 2ER	£3,197	61	2	Detached House
£169.9K	06/21	0.29 mi	25, Grasmere Road, Chester Le Street, County Durham DH2 3DL	£3,207	53	2	Semi-Detached House
£108K	05/23	0.3 mi	4, Lancaster Terrace, Chester Le Street, County Durham DH3 3NW	-	-	2	Terraced House
£93.5K	05/21	0.3 mi	18, Lancaster Terrace, Chester Le Street, County Durham DH3 3NW	£1,016	92	2	Terraced House
£170K	02/21	0.33 mi	34, St Cuthberts Avenue, Chester Le Street, Durham DH3 3PS	-	-	2	Semi-Detached House
£220K	10/22	0.33 mi	3, St Cuthberts Avenue, Chester Le Street, County Durham DH3 3PS	£2,933	75	2	Semi-Detached House
£165K	03/23	0.33 mi	20, Thirlmere Avenue, Chester Le Street, County Durham DH2 3ED	-	-	2	Terraced House
£132.5K	04/21	0.33 mi	17, Thirlmere Avenue, Chester Le Street, Durham DH2 3ED	-	-	2	Semi-Detached House
£205K	11/21	0.35 mi	2, Caragh Road, Chester Le Street, County Durham DH2 3EA	£3,254	63	2	Semi-Detached House
£160K	03/21	0.36 mi	72, Rydal Road, Chester Le Street, County Durham DH2 3DT	-	-	2	Semi-Detached House
£60K	02/21	0.36 mi	6, Elm Street, Chester Le Street, County Durham DH3 3EA	£913	66	2	Terraced House
£69K	05/21	0.36 mi	14, Elm Street, Chester Le Street, County Durham DH3 3EA	£1,045	66	2	Terraced House
£235K	03/23	0.37 mi	7, Caragh Road, Chester Le Street, County Durham DH2 3EA	£3,486	67	2	Detached House
£125K	10/21	0.41 mi	1, Castle Riggs, Chester Le Street, Durham DH2 2DL	£2,119	59	2	Terraced House
£78.5K	10/21	0.44 mi	21, Station View, Chester Le Street, County Durham DH2 2DF	£1,189	66	2	Terraced House
£90K	02/23	0.45 mi	5, Gray Avenue, Chester Le Street, County Durham DH2 2EL	£1,098	82	2	Terraced House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£595	12/24	0.05 mi	Allen Street, Chester-le-Street, County Durham	2	Terraced House
£625	04/25	0.06 mi	-	2	Terraced House
£595	12/24	0.1 mi	Robertson Court, Chester Le Street, Durham, DH3	2	Flat
£725	09/23	0.14 mi	-	2	Flat
£595	12/24	0.14 mi	Jolliffe Street, Chester Le Street, Dh3	2	Flat
£695	12/24	0.16 mi	Orchard Terrace, Chester Le Street, DH3	2	Terraced House
£650	12/24	0.21 mi	-	2	Terraced House
£450	12/24	0.27 mi	Poplar Street, Chester Le Street, Durham, DH3	2	Terraced House
£750	12/24	0.31 mi	Central Exchange, Chester le Street	2	Flat
£670	08/24	0.33 mi	-	2	Terraced House
£650	04/25	0.37 mi	-	2	Flat
£625	12/24	0.38 mi	High Chare, Chester Le Street, County Durham, DH3	2	Flat
£1,275	06/24	0.45 mi	-	2	Flat
£650	12/24	0.49 mi	The Anchorage, Chester Le Street, County Durham, DH3	2	Flat
£675	12/24	0.55 mi	-	2	Terraced House

Local Area Statistics

Population in DH3	25,79725,797
Population in Chester-le-Street	56,37756,377
Town centre distance	0.71 miles away0.71 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.40 miles away0.40 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 £100,000

August 12, 2024

Floor Plans

Description

Two Bedroom Mid Terraced Home +
Refurbished Throughout +
Ideal Location +
Council Tax Band - A +
EPC - D +
Approx. 764 sqft/71sqm accommodation +

Enjoying a newly refurbished interior, this home would be ideal for first time buyers or investors alike. Being ideally situated within Chester Le Street and so benefitting from a range of associated amenities.

A spacious hallway provides a warm welcome and leads into the spacious living through dining room. With dual aspect double glazed windows and newly fitted carpets & blinds complimented by the fresh decoration. Some useful under stairs storage is accessed from here.

Part of a two storey extension, the kitchen has been recently installed and features a contemporary range of integral furniture topped with complimentary work surfaces and having access to the rear yard.

To the first floor are two spacious double bedrooms with the larger room boasting sliding, fitted wardrobes. Completing the accommodation is a modern four piece bathroom suite.

To the rear, a low maintenance yard.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QCT240341/2

Agent Details

YOUR MOVE Chris Stonock, Chester Le Street

0191 625 0230

Next Steps?

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ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents