2 Bed Terraced House, Cash/Bridging Only, DH9 7TL, £67,500

Hawthorn Terrace, New Kyo, Stanley, DH9 7TL - 8 months ago

Sold STC
Cash
ROI: 5%
~68 m²
+15 photos

ValuationOvervalued

Sold Prices£24.5K - £200K
Sold Prices/m²£340/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£991/m²

Value Estimate

£50,046

 

 

End Value (After Refurb)

£67,713

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,875

Stamp Duty & Legal Fees

£4,575

Refurb Costs

£26,271

Bridging Loan Interest

£1,772

Total Cash In

£51,243

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£67,713

Mortgage (After Refinance)

£50,785

Mortgage LTV

75%

Cash Released

£160

Cash Left In

£51,083

Equity

£16,928

Rent Range

£475 - £625

Rent Estimate

£557

Running Costs/mo

£343

Cashflow/mo

£214

Cashflow/yr

£2,568

ROI

5%

Gross Yield

10%

Local Sold Prices

48 sold prices from £24.5K to £200K, average is £54K. £340/m² to £2.3K/m², average is £735/m².

PriceDateDistanceAddressBeds 
£54K06/210 mi23, Hawthorn Terrace, Stanley, Durham DH9 7TL2
£65K06/210.03 mi16, Prospect Terrace, Stanley, Durham DH9 7TR2
£50K06/210.16 mi8, Mulberry Terrace, Stanley, Durham DH9 7JH2
£50K09/210.16 mi7, Mulberry Terrace, Stanley, County Durham DH9 7JH2
£51K08/210.22 mi3, William Street, Annfield Plain, Stanley, County Durham DH9 7SH2
£43K12/200.23 mi12, Mary Street, Annfield Plain, Stanley, County Durham DH9 7SJ2
£51.5K08/230.23 mi13, Mary Street, Annfield Plain, Stanley, County Durham DH9 7SJ2
£88K01/230.25 mi12, Jubilee Terrace, Stanley, County Durham DH9 7JJ2
£60K05/210.25 mi12, Elizabeth Street, Stanley, Durham DH9 7SW2
£60K05/210.25 mi12, Elizabeth Street, Stanley, Durham DH9 7SW2
£150K11/200.35 mi4, Oxhill Villas, Stanley, Durham DH9 7JT2
£120K12/220.35 mi1, Oxhill Villas, Stanley, County Durham DH9 7JT2
£70K09/210.36 mi20, Stanhope Gardens, Stanley, County Durham DH9 8QG2
£61.8K06/210.44 mi11, Wolsingham Terrace, Stanley, County Durham DH9 8QJ2
£37K12/200.45 mi3, Wesley Terrace, Stanley, Durham DH9 8QL2
£42K02/210.46 mi21, Wesley Terrace, Stanley, County Durham DH9 8QL2
£63.5K01/230.46 mi18, Wesley Terrace, Stanley, County Durham DH9 8QL2
£75K12/220.51 mi45, Clavering Place, Stanley, County Durham DH9 7XD2
£56K04/230.51 mi11, Clavering Place, Stanley, County Durham DH9 7XD2
£48K06/230.51 mi42, Clavering Place, Stanley, County Durham DH9 7XD2
£76.5K03/210.57 mi19, Ryde Terrace, Stanley, Durham DH9 8HQ2
£55.8K07/230.58 mi6, Church Street, Catchgate, Stanley, County Durham DH9 8HE2
£73K03/210.61 mi15, Windsor Drive, Stanley, Durham DH9 8SP2
£200K10/220.66 mi37, Windsor Drive, Stanley, County Durham DH9 8SR2
£52K08/210.75 mi46, Mitchell Street, South Moor, Stanley, Durham DH9 7BQ2
£50K02/210.75 mi2, Duke Street, Stanley, County Durham DH9 8SF2
£35.5K12/200.8 mi3, Elm Street, South Moor, Stanley, Durham DH9 7EA2
£44K11/210.81 mi62, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£28.5K03/210.81 mi60, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£45K06/230.83 mi6, John Street, South Moor, Stanley, County Durham DH9 7BG2
£52K07/210.83 mi25, William Street, South Moor, Stanley, Durham DH9 7BJ2
£24.5K01/210.83 mi17, William Street, South Moor, Stanley, Durham DH9 7BJ2
£45K04/210.83 mi36, Fern Avenue, Stanley, Durham DH9 7QY2
£36K10/210.83 mi30, Fern Avenue, Stanley, County Durham DH9 7QY2
£54K02/230.83 mi23, Fern Avenue, Stanley, County Durham DH9 7QY2
£40K11/200.83 mi10, Fern Avenue, Stanley, County Durham DH9 7QY2
£85K01/230.86 mi17, Fairview Terrace, Stanley, County Durham DH9 8NR2
£92.5K03/230.86 mi18, Fairview Terrace, Stanley, County Durham DH9 8NR2
£54K02/230.87 mi26, Rose Avenue, Stanley, County Durham DH9 7RB2
£64K05/230.88 mi37, School Terrace, Stanley, County Durham DH9 7QN2
£73K03/210.89 mi10, Pontop Terrace, Stanley, County Durham DH9 8NS2
£53.5K02/230.9 mi24, Harperley Gardens, Stanley, County Durham DH9 8RZ2
£55K03/230.93 mi6, Bircham Street, Stanley, County Durham DH9 7AE2
£61.8K04/230.93 mi5, Westview Terrace, Stanley, County Durham DH9 8NU2
£50K04/210.94 mi12, Fourth Street, Quaking Houses, Stanley, Durham DH9 7HB2
£49K01/210.95 mi19, Standish Street, Stanley, County Durham DH9 7AD2
£115K11/200.98 mi30, Pea Road, Stanley, County Durham DH9 7RG2
£65K08/210.99 mi3, South Field Court, South Stanley, Stanley, County Durham DH9 7BX2

Local Rents

10 rents from £475/mo to £625/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£55012/240 miHawthorn Terrace, New Kyo, Stanley2
£55012/240.09 miCatherine Terrace, New Kyo, Stanley2
£55001/250.25 mi-2
£47512/240.26 miCoronation Terrace, Stanley, Durham, DH92
£49512/240.26 miUnity Terrace, Stanley2
£59510/240.26 mi-2
£55012/240.32 miMitchell Street, Annfield Plain, Stanley, County Durham, DH92
£57512/240.45 mi-2
£62503/250.52 mi-2
£60012/240.59 miHamsterley Gardens, Annfield Plain, Stanley2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

5.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £67,500

August 14, 2024

Floor Plans

Description

  • Mid terraced house +
  • 2 bedrooms +
  • Recently refurbished +
  • No upper chain +
  • Lounge and separate dining room +
  • Ground floor shower room and 1st floor bathroom +
  • Self-contained yard, Council Tax band A +
  • uPVC double glazing, freehold +
  • EPC rating E (49) +
  • Virtual tours available +

Recently refurnished this two bedroom terraced house is available with immediate vacant possession and would make an ideal starter home or investment property. The accommodation comprises of a hallway, lounge, dining room, kitchen, rear lobby and a shower room/WC. To the first floor there is a landing, two bedrooms and a bathroom. Self-contained yard to the rear, gas combi central heating, full uPVC double glazing, EPC rating E (49), Council Tax band A, freehold. Virtual tours available.  

HALLWAY uPVC double glazed entrance door, single radiator, stairs to the first floor, door to the lounge. 

LOUNGE 12' 7" x 11' 4" (3.86m x 3.47m) uPVC double glazed window, single radiator and a large arch through to the dining room. 

DINING ROOM 8' 11" x 14' 10" (2.74m x 4.54m) Under-stair storage cupboard, uPVC double glazed window, single radiator, telephone point and a door leading to the kitchen. 

KITCHEN 9' 8" x 7' 0" (2.96m x 2.14m) Fitted with a range of white wall and base units with contrasting laminae worktops and tiled splash-backs. Integrated electric oven/grill, four ring halogen hob with extractor over, plumbed for a washing machine, space for a fridge/freezer, tiled floor, double radiator, uPVC double glazed window, door to the rear lobby. 

REAR LOBBY 2' 11" x 7' 0" (0.91m x 2.14m) Single radiator, tiled floor, uPVC rear exit door and a door to the shower room/WC. 

SHOWER ROOM/WC 5' 2" x 7' 0" (1.60m x 2.14m) Electric shower, PVC panelled splash-backs, part tiled walls, tiled floor, pedestal wash basin, WC, wall mounted gas combi central heating boiler, uPVC double glazed window, double radiator. 

FIRST FLOOR  

LANDING Loft access hatch, doors lead to the bedrooms and bathroom. 

BEDROOM 1 (TO THE FRONT) 11' 8" x 11' 4" (3.56m x 3.46m) Fitted cupboards, double radiator and a uPVC double glazed window. 

BEDROOM 2 (TO THE REAR) 7' 3" x 9' 3" (2.22m x 2.82m) Single radiator and a uPVC double glazed window. 

BATHROOM 7' 3" x 5' 1" (2.22m x 1.56m) A white suite featuring a panelled bath with period style shower fitment, pedestal wash basin, PVC panelled walls and ceiling, WC, uPVC double glazed window and a single radiator. 

EXTERNAL Self-contained yard to the rear. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating E (49). 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.  

SELECTIVE LICENCE Please note that this property falls within the Local Authority Selective Licensing zone where a Landlord is required to register the property with the council every five years. Charges apply. Please visit for further information. 

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.  

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?

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