3 Bed Terraced House, Cash/Bridging Only, DH9 8TZ, £99,500

Pennine Court, Annfield Plain, Stanley, DH9 8TZ - 7 months ago

Sold STC
Cash
ROI: 5%
~83 m²
+23 photos

ValuationOvervalued

Sold Prices£45K - £182K
Sold Prices/m²£643/m² - £2.1K/m²

 

 

Square Metres

~83.40 m²
Price/m²£1.2K/m²

Value Estimate

£91,648

 

 

End Value (After Refurb)

£94,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,875

Stamp Duty & Legal Fees

£6,175

Refurb Costs

£32,169

Bridging Loan Interest

£2,612

Total Cash In

£67,580

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£94,375

Mortgage (After Refinance)

£70,781

Mortgage LTV

75%

Cash Left In

£67,580

Equity

£23,594

Rent Range

£600 - £1,000

Rent Estimate

£767

Running Costs/mo

£468

Cashflow/mo

£299

Cashflow/yr

£3,584

ROI

5%

Gross Yield

9%

Local Sold Prices

42 sold prices from £45K to £182K, average is £90K. £643/m² to £2.1K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£90K03/230 mi5, Pennine Court, Stanley, County Durham DH9 8TZ3
£90K12/200 mi12, Pennine Court, Stanley, Durham DH9 8TZ3
£82K12/200.06 mi7, Skiddaw Court, Stanley, Durham DH9 8UB3
£74K02/210.21 mi32, Hamsterley Gardens, Stanley, County Durham DH9 8JR3
£88K01/230.21 mi4, Derwent Terrace, Stanley, County Durham DH9 8NN3
£172K10/210.29 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£114K11/200.29 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£86K02/230.3 mi14, Annfield Place, Stanley, County Durham DH9 8NW3
£122.5K07/230.32 mi7, Croft Close, Greencroft, Stanley, County Durham DH9 8NZ3
£107K03/210.33 mi30, The Croft, Stanley, Durham DH9 8NQ3
£73K11/210.34 mi19, Oakwood, Stanley, County Durham DH9 8ND3
£72.5K11/210.35 mi83, Annfield Place, Stanley, County Durham DH9 8NP3
£52K03/230.37 mi34, Durham Road, Annfield Plain, Stanley, County Durham DH9 7UF3
£108K10/200.37 mi14, Leeholme Court, Stanley, Durham DH9 7YD3
£77K07/230.37 mi15, Leeholme Court, Stanley, County Durham DH9 7YD3
£117.5K03/210.39 mi14, Loud View Terrace, Stanley, County Durham DH9 8PG3
£105K02/210.39 mi16, Loud View Terrace, Stanley, Durham DH9 8PG3
£130K12/200.43 mi8, Valley View, Stanley, County Durham DH9 8EY3
£123K11/200.44 mi62, Windsor Drive, Stanley, Durham DH9 8SR3
£130K10/210.45 mi16, Manor Drive, Stanley, County Durham DH9 8SS3
£72K04/230.46 mi3, Low Church Street, Stanley, County Durham DH9 8HF3
£110K09/210.46 mi24, Teesdale Terrace, Stanley, County Durham DH9 7TU3
£100K12/220.47 mi1, Weardale Terrace, Annfield Plain, Stanley, County Durham DH9 7TX3
£86K01/210.47 mi21, Weardale Terrace, Stanley, Durham DH9 7TX3
£62K06/210.52 mi7, The Ridings, Stanley, Durham DH9 8EE3
£62K06/210.52 mi7, The Ridings, Stanley, Durham DH9 8EE3
£45K02/230.52 mi9, The Ridings, Stanley, County Durham DH9 8EE3
£82K04/210.52 mi29, South View, Annfield Plain, Stanley, Durham DH9 7UB3
£130K05/230.53 mi14, Bethany Gardens, Stanley, County Durham DH9 8SL3
£182K03/210.54 mi4, Fairfield, Stanley, Durham DH9 8TR3
£52K02/210.6 mi29, Langdon Gardens, Stanley, Durham DH9 8RR3
£95K10/200.62 mi23, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD3
£67K11/220.63 mi23, Balmoral Avenue, Catchgate, Stanley, County Durham DH9 8FH3
£125K01/210.63 mi3, Garden Villas, West Kyo, Stanley, County Durham DH9 8SY3
£63K01/210.65 mi17, Kirkfield Gardens, Stanley, Durham DH9 8SB3
£105K03/210.68 mi15, Century Terrace, Catchgate, Stanley, County Durham DH9 8DZ3
£58K10/210.7 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£80K08/230.7 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£130K11/220.7 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£121.8K12/200.74 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£150K10/200.9 mi3, The Villas, Hare Law, Stanley, County Durham DH9 8DQ3
£87K02/210.98 mi20, North Terrace, Stanley, Durham DH9 7LD3

Local Rents

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

RentDateDistanceAddressBeds 
£65012/240.06 miClavering Place, Stanley, County Durham, DH93
£60008/230.18 mi-3
£69507/230.37 mi-3
£75012/240.37 mi-3
£75012/240.37 mi-3
£70012/240.37 mi-3
£80012/240.37 mi-3
£80011/240.37 mi-3
£1,00002/250.37 mi-3
£1,00010/240.37 mi-3
£80003/250.37 mi-3
£80002/250.37 mi-3
£62512/240.47 miSouth View, Annfield Plain, Stanley3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.20 miles away

Nearest train station

6.57 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 £99,500

October 18, 2024

Listed for £102,500

August 20, 2024

Floor Plans

Description

  • Three-bedroom terraced house: Ideal for families or investors. +
  • No upper chain: Immediate availability for purchase. +
  • Contemporary kitchen: Modern design and fittings. +
  • Spacious lounge/diner: Ample space for living and dining. +
  • Efficient heating: Powered by an air-sourced heat pump. +
  • Outdoor space: Front garden, rear yard, and off-street parking. +
  • Purchase contingent on grant of probate. +
  • Council Tax band A, freehold. +
  • EPC rating C (73): Energy-efficient property. +
  • virtual and 360-degree tours available. +

This three bedroom terraced house is available with no upper chain and although requiring some updating the property benefits from a contemporary kitchen, spacious lounge/diner and is heated with an efficient air-sourced heat pump. The accommodation comprises an entrance porch, lounge/diner, kitchen, rear porch, first floor landing, three bedrooms and a shower room/WC. Gardens to the front, yard to the rear plus off-street parking. Sale subject to grant of probate, Council Tax band A, freehold, EPC rating C (73). Virtual tour and 360 degree tours available. 

FRONT PORCH 2' 11" x 7' 6" (0.90m x 2.30m) uPVC double glazed entrance door, double radiator, coving and a glazed door to the lounge/diner. 

LOUNGE/DINER 25' 11" (maximum) x 17' 9" (maximum) (7.90m x 5.43m) A spacious room with stairs to the first floor, dark wood fire surround, marble inlay and hearth, uPVC double glazed window, laminate flooring, double radiator, two single radiators, coving, TV aerial point, doorway to the kitchen and a uPVC double glazed rood to the rear porch. 

KITCHEN 9' 5" x 7' 3" (2.88m x 2.23m) A contemporary kitchen fitted with Shaker style light grey wall an base units with soft closing doors and drawers and contrasting laminate worktops and fully tiled walls. Integrated fan assisted electric oven/grill, inset four ring gas hob with stainless steel splash-back and canopy extractor over. Integral microwave and fridge/freezer, plumbed for a washing machine, stainless steel sink with vegetable drainer and mixer tap, laminate flooring and a uPVC double glazed window. 

REAR PORCH 2' 11" x 7' 6" (0.89m x 2.30m) Tiled floor, uPVC double glazed windows and matching rear exit door to yard. 

FIRST FLOOR  

LANDING Storage cupboards, one housing a combi central heating boiler, loft hatch and doors leading to the bedrooms and shower room/WC. 

BEDROOM 1 (TO THE REAR) 10' 6" x 11' 4" (3.22m x 3.47m) Fitted wardrobes, uPVC double glazed window, single radiator and a TV aerial cable. 

BEDROOM 2 (TO THE FRONT) 12' 4" x 8' 7" (3.76m x 2.63m) Fitted wardrobe with sliding doors, uPVC double glazed window, single radiator and a TV aerial cable. 

BEDROOM 3 (TO THE FRONT) 6' 6" x 8' 9" (2.00m x 2.68m) Currently set up as a home office with storage cupboard, laminate desk worktop, uPVC double glazed window and a single radiator. 

SHOWER ROOM/WC 5' 5" x 6' 0" (1.67m x 1.84m) A modern suite featuring a glazed cubicle with electric shower, fully tiled walls in Travertine effect, pedestal wash basin, WC, uPVC double glazed window, chrome towel radiator, wall mirror cabinet and a ceiling extractor fan. 

EXTERNAL  

TO THE FRONT Garden stocked with shrubs, plants and conifers overlooking a green. 

TO THE REAR Self-contained yard with large timber shed, paved patio, air-sourced heat pump, raised flower bed, cold water supply tap, enclosed by brick wall and timber fence. Gate lead to the parking bay. 

PARKING Driveway providing off-street parking. Additional communal parking available opposite within the cul-de-sac. 

HEATING Electric Hitachi air-sourced heat pump and radiators which was installed in 2021 compliments the gas combi central heating boiler. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating C (73). 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 tour which is available on our website. 

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. PLEASE NOTE THE SALE IS SUBJECT TO PROBATE BEING GRANTED.

Agent Details

David Bailes, Stanley

01207 265903

Next Steps?

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