3 Bed Terraced House, Cash/Bridging Only, DH9 8DY, £69,950

Beverley Terrace, Catchgate, Stanley, DH9 8DY - 8 months ago

Cash
ROI: 9%
~67 m²
+15 photos

ValuationFair Value

Sold Prices£45K - £248K
Sold Prices/m²£643/m² - £2.3K/m²

 

 

Square Metres

~67.20 m²
Price/m²£1K/m²

Value Estimate

£69,950

 

 

End Value (After Refurb)

£68,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,488

Stamp Duty & Legal Fees

£4,698

Refurb Costs

£25,920

Bridging Loan Interest

£1,836

Total Cash In

£51,691

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£68,250

Mortgage (After Refinance)

£51,188

Mortgage LTV

75%

Cash Left In

£51,691

Equity

£17,063

Rent Range

£600 - £1,000

Rent Estimate

£763

Running Costs/mo

£386

Cashflow/mo

£377

Cashflow/yr

£4,525

ROI

9%

Gross Yield

13%

Local Sold Prices

50 sold prices from £45K to £248K, average is £95K. £643/m² to £2.3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£105K03/210.02 mi15, Century Terrace, Catchgate, Stanley, County Durham DH9 8DZ3
£63K01/210.08 mi17, Kirkfield Gardens, Stanley, Durham DH9 8SB3
£52K02/210.11 mi29, Langdon Gardens, Stanley, Durham DH9 8RR3
£58K10/210.15 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£80K08/230.15 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£62K06/210.2 mi7, The Ridings, Stanley, Durham DH9 8EE3
£62K06/210.2 mi7, The Ridings, Stanley, Durham DH9 8EE3
£45K02/230.2 mi9, The Ridings, Stanley, County Durham DH9 8EE3
£67K11/220.23 mi23, Balmoral Avenue, Catchgate, Stanley, County Durham DH9 8FH3
£150K10/200.25 mi3, The Villas, Hare Law, Stanley, County Durham DH9 8DQ3
£95K10/200.25 mi23, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD3
£130K12/200.28 mi8, Valley View, Stanley, County Durham DH9 8EY3
£130K05/230.29 mi14, Bethany Gardens, Stanley, County Durham DH9 8SL3
£123K11/200.32 mi62, Windsor Drive, Stanley, Durham DH9 8SR3
£73K11/210.33 mi19, Oakwood, Stanley, County Durham DH9 8ND3
£130K10/210.37 mi16, Manor Drive, Stanley, County Durham DH9 8SS3
£155K03/230.37 mi33, Hare Law Gardens, Stanley, County Durham DH9 8DG3
£72K04/230.42 mi3, Low Church Street, Stanley, County Durham DH9 8HF3
£86K02/230.45 mi14, Annfield Place, Stanley, County Durham DH9 8NW3
£72.5K11/210.45 mi83, Annfield Place, Stanley, County Durham DH9 8NP3
£125K01/210.45 mi3, Garden Villas, West Kyo, Stanley, County Durham DH9 8SY3
£172K10/210.46 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£114K11/200.46 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£182K03/210.48 mi4, Fairfield, Stanley, Durham DH9 8TR3
£74K02/210.49 mi32, Hamsterley Gardens, Stanley, County Durham DH9 8JR3
£88K01/230.53 mi4, Derwent Terrace, Stanley, County Durham DH9 8NN3
£122.5K07/230.58 mi7, Croft Close, Greencroft, Stanley, County Durham DH9 8NZ3
£107K03/210.64 mi30, The Croft, Stanley, Durham DH9 8NQ3
£82K12/200.65 mi7, Skiddaw Court, Stanley, Durham DH9 8UB3
£90K03/230.67 mi5, Pennine Court, Stanley, County Durham DH9 8TZ3
£90K12/200.67 mi12, Pennine Court, Stanley, Durham DH9 8TZ3
£248K03/230.69 miThe Beeches, Pontop Pike Lane, Dipton, Stanley, County Durham DH9 9AP3
£117.5K03/210.77 mi14, Loud View Terrace, Stanley, County Durham DH9 8PG3
£105K02/210.77 mi16, Loud View Terrace, Stanley, Durham DH9 8PG3
£152K02/210.83 mi6, Bradley Lodge Drive, Dipton, Stanley, County Durham DH9 9BD3
£90K06/230.86 mi37, Fairhills Avenue, Dipton, Stanley, County Durham DH9 9DY3
£110K09/210.86 mi24, Teesdale Terrace, Stanley, County Durham DH9 7TU3
£100K12/220.87 mi1, Weardale Terrace, Annfield Plain, Stanley, County Durham DH9 7TX3
£86K01/210.87 mi21, Weardale Terrace, Stanley, Durham DH9 7TX3
£108K10/200.87 mi14, Leeholme Court, Stanley, Durham DH9 7YD3
£77K07/230.87 mi15, Leeholme Court, Stanley, County Durham DH9 7YD3
£150K05/230.87 mi1, Cooperative Terrace East, Dipton, Stanley, County Durham DH9 9AH3
£95K04/230.88 mi10, Cooperative Terrace West, Dipton, Stanley, County Durham DH9 9AQ3
£52K03/230.9 mi34, Durham Road, Annfield Plain, Stanley, County Durham DH9 7UF3
£86K12/220.91 mi2, School View, Dipton, Stanley, County Durham DH9 9DH3
£88K10/200.94 mi17, Poplar Grove, Dipton, Stanley, Durham DH9 9BE3
£140K12/220.95 mi39, Pikesyde, Dipton, Stanley, County Durham DH9 9EQ3
£136K12/220.95 mi7, Pikesyde, Dipton, Stanley, County Durham DH9 9EQ3
£127K06/210.95 mi33, Pikesyde, Dipton, Stanley, Durham DH9 9EQ3
£82K04/210.96 mi29, South View, Annfield Plain, Stanley, Durham DH9 7UB3

Local Rents

17 rents from £600/mo to £1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75003/250.11 mi-3
£69507/230.35 mi-3
£60008/230.65 mi-3
£65012/240.67 miClavering Place, Stanley, County Durham, DH93
£75012/240.81 mi-3
£75012/240.81 mi-3
£70012/240.81 mi-3
£80012/240.81 mi-3
£80011/240.81 mi-3
£1,00002/250.81 mi-3
£1,00010/240.81 mi-3
£80003/250.81 mi-3
£80002/250.81 mi-3
£62512/240.95 miSouth View, Annfield Plain, Stanley3
£62507/241.09 mi-3
£75001/251.13 mi-3
£87107/231.15 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

6.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £69,950

February 24, 2025

Listed for £72,500

August 12, 2024

Floor Plans

Description

  • Three-bedroom stone-built mid-terrace. +
  • Views over allotments and countryside +
  • No upper chain. +
  • Rear yard with off-road parking for added convenience. +
  • Freehold +
  • Gas combi central heating. +
  • Full uPVC double glazing throughout. +
  • Ground floor includes entrance lobby, lounge, and kitchen/diner with integrated oven and hob. +
  • Three well-proportioned bedrooms and a family bathroom on the first floor. +
  • Council Tax band A with an EPC rating of D (65), virtual tours available. +

This delightful three-bedroom stone-built mid-terrace enjoys views of the allotments and countryside beyond. Offering a warm and welcoming atmosphere, it's an ideal choice for first-time buyers. The property features a rear yard with off-road parking, gas combi central heating, and full uPVC double glazing. The ground floor includes an entrance lobby, a cosy lounge, and a kitchen/diner complete with an integrated oven and hob. Upstairs, there are three bedrooms and a family bathroom. The property is freehold, falls under Council Tax band A, and has an EPC rating of D (65). Virtual tours are available. 

ENTRANCE HALLWAY UPVC double glazed entrance door, staircase to the first floor and a door to the lounge. 

LOUNGE 13' 4" x 12' 7" (4.07m x 3.84m) UPVC double glazed window, radiator and a door leading to the kitchen/diner. 

KITCHEN/DINER 16' 0" x 10' 1" (4.90m x 3.09m) Fitted with a modern range of wall and base units, complimentary work surfaces, tiled splash-backs, integrated oven and electric cooking hob, extractor canopy, sink and drainer, plumbed for washing machine, gas combi central heating boiler, radiator, tiled laminate flooring, large storage cupboard, UPVC double glazed window and matching door to the rear yard.
 

FIRST FLOOR  

LANDING Loft access hatch with pull-down ladder. The loft is part boarded with light. Doors from the landing lead to the bedrooms and bathroom. 

BEDROOM 1 (TO THE FRONT) 16' 0" x 8' 4" (4.90m x 2.56m) UPVC double glazed window with views over countryside and radiator.  

BEDROOM 2 (TO THE REAR) 10' 3" x 6' 9" (3.13m x 2.06m) UPVC double glazed window and radiator.  

BEDROOM 3 (TO THE REAR) 8' 11" x 7' 0" (2.74m x 2.14m) UPVC double glazed window and radiator.  

BATHROOM 8' 3" x 4' 8" (2.54m x 1.43m) Panelled bath with electric shower over, tiled splash-backs, glass screen, WC, pedestal wash basin and radiator.  

EXTERNAL  

TO THE FRONT A low-maintenance garden with loose stones enclosed by timber fence. Please note that this is officially not on the title. 

TO THE REAR Yard providing off-street parking. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating D (65). 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, X and Instagram. To arrange a viewing please contact the office. We have also created a 360 degree virtual tour. 

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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