3 Bed Detached House, Cash/Bridging Only, DH9 8BZ, £230,000

Rear Of Providence Terrace, Annfield Plain, Stanley, DH9 8BZ - 2 views - 7 months ago

Sold STC
Cash
~93 m²
+38 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£104,625

 

 

End Value (After Refurb)

£159,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£35,871

Bridging Loan Interest

£6,038

Total Cash In

£109,259

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£159,375

Mortgage (After Refinance)

£119,531

Mortgage LTV

75%

Cash Left In

£109,259

Equity

£39,844

Rent Range

£600 - £1,000

Rent Estimate

£697

Running Costs/mo

£657

Cashflow/mo

£40

Cashflow/yr

£475

ROI

0%

Gross Yield

4%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£172K10/210.12 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£114K11/200.12 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£74K02/210.17 mi32, Hamsterley Gardens, Stanley, County Durham DH9 8JR3
£72K04/230.22 mi3, Low Church Street, Stanley, County Durham DH9 8HF3
£130K10/210.23 mi16, Manor Drive, Stanley, County Durham DH9 8SS3
£123K11/200.26 mi62, Windsor Drive, Stanley, Durham DH9 8SR3
£182K03/210.27 mi4, Fairfield, Stanley, Durham DH9 8TR3
£73K11/210.28 mi19, Oakwood, Stanley, County Durham DH9 8ND3
£90K03/230.29 mi5, Pennine Court, Stanley, County Durham DH9 8TZ3
£90K12/200.29 mi12, Pennine Court, Stanley, Durham DH9 8TZ3
£110K09/210.29 mi24, Teesdale Terrace, Stanley, County Durham DH9 7TU3
£108K10/200.3 mi14, Leeholme Court, Stanley, Durham DH9 7YD3
£77K07/230.3 mi15, Leeholme Court, Stanley, County Durham DH9 7YD3
£130K12/200.3 mi8, Valley View, Stanley, County Durham DH9 8EY3
£100K12/220.31 mi1, Weardale Terrace, Annfield Plain, Stanley, County Durham DH9 7TX3
£86K01/210.31 mi21, Weardale Terrace, Stanley, Durham DH9 7TX3
£52K03/230.32 mi34, Durham Road, Annfield Plain, Stanley, County Durham DH9 7UF3
£82K12/200.33 mi7, Skiddaw Court, Stanley, Durham DH9 8UB3
£130K05/230.33 mi14, Bethany Gardens, Stanley, County Durham DH9 8SL3
£125K01/210.37 mi3, Garden Villas, West Kyo, Stanley, County Durham DH9 8SY3
£62K06/210.38 mi7, The Ridings, Stanley, Durham DH9 8EE3
£62K06/210.38 mi7, The Ridings, Stanley, Durham DH9 8EE3
£45K02/230.38 mi9, The Ridings, Stanley, County Durham DH9 8EE3
£82K04/210.39 mi29, South View, Annfield Plain, Stanley, Durham DH9 7UB3
£88K01/230.39 mi4, Derwent Terrace, Stanley, County Durham DH9 8NN3
£86K02/230.42 mi14, Annfield Place, Stanley, County Durham DH9 8NW3
£95K10/200.42 mi23, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD3
£67K11/220.45 mi23, Balmoral Avenue, Catchgate, Stanley, County Durham DH9 8FH3
£52K02/210.48 mi29, Langdon Gardens, Stanley, Durham DH9 8RR3
£72.5K11/210.48 mi83, Annfield Place, Stanley, County Durham DH9 8NP3
£63K01/210.53 mi17, Kirkfield Gardens, Stanley, Durham DH9 8SB3
£122.5K07/230.53 mi7, Croft Close, Greencroft, Stanley, County Durham DH9 8NZ3
£121.8K12/200.53 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£130K11/220.53 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£58K10/210.55 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£80K08/230.55 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£107K03/210.56 mi30, The Croft, Stanley, Durham DH9 8NQ3
£105K03/210.58 mi15, Century Terrace, Catchgate, Stanley, County Durham DH9 8DZ3
£117.5K03/210.65 mi14, Loud View Terrace, Stanley, County Durham DH9 8PG3
£105K02/210.65 mi16, Loud View Terrace, Stanley, Durham DH9 8PG3
£87K02/210.74 mi20, North Terrace, Stanley, Durham DH9 7LD3
£150K10/200.77 mi3, The Villas, Hare Law, Stanley, County Durham DH9 8DQ3
£155K03/230.91 mi33, Hare Law Gardens, Stanley, County Durham DH9 8DG3

Local Rents

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

RentDateDistanceAddressBeds 
£60008/230.13 mi-3
£69507/230.23 mi-3
£65012/240.24 miClavering Place, Stanley, County Durham, DH93
£75012/240.24 mi-3
£75012/240.24 mi-3
£70012/240.24 mi-3
£80012/240.24 mi-3
£80012/240.24 mi-3
£1,00002/250.24 mi-3
£1,00010/240.24 mi-3
£80003/250.24 mi-3
£80003/250.24 mi-3
£62512/240.38 miSouth View, Annfield Plain, Stanley3
£75003/250.54 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.20 miles away

Nearest train station

6.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £230,000

August 22, 2024

Floor Plans

Description

  • Fabulous bespoke detached modern home +
  • 3 bedrooms (master with en-suite) +
  • Garage and generous off-street parking +
  • Rear garden extending to one side +
  • Sitting room plus lounge/breakfasting kitchen +
  • Spacious accommodation, tastefully decorated +
  • Gas combi central heating +
  • Freehold tenure, Council Tax band D +
  • EPC rating B (85) +
  • Virtual tour available +

This bespoke three bedroom detached family home offers the internal space that is rarely seen on a modern estate home. The generous accommodation is tastefully finished and immaculately presented ready for a new owner. Briefly comprising a large entrance hallway with storage cupboards, WC, sitting room, large lounge/breakfasting kitchen, first floor landing, three bedrooms (master with en-suite) and a family bathroom. Attached single garage, driveways providing parking for three vehicles. Rear garden extends to the side. Gas combi central heating, uPVC double glazing, EPC rating B (85), Council Tax band D, freehold. Virtual tour available.  

ENTRANCE HALLWAY 11' 5" x 11' 4" (3.50m x 3.46m) Composite double glazed entrance door with uPVC double glazed side window. Double height entrance hallway with vaulted ceiling, two storage cupboards, stairs to the first floor, laminae flooring, tall column radiator, LED spotlights, hard-wired smoke alarm, telephone point and doors leading to the sitting room, WC and to the lounge/dining room/breakfasting kitchen. 

WC WC, wash basin with base storage, laminate flooring, LED spotlight and a ceiling mounted extractor fan. 

SITTING ROOM (TO THE FRONT) 11' 5" x 18' 1" (3.50m x 5.53m) Laminate flooring, uPVC double glazed windows, two double radiators, inset LED spotlights and a TV aerial point. 

LOUNGE/DINING ROOM/BREAKFASTING KITCHEN 11' 5" x 32' 5" (3.50m x 9.90m) Overlooking the rear garden and spanning the full width of the property the room is separated into a lounge or dining area and the kitchen area with laminate flooring throughout. uPVC double glazed windows, side door and matching French doors open to the garden. TV aerial point, two tall column radiators plus two standard double radiators. The kitchen is fitted with an attractive range of Shaker style wall and base units finished in light grey with concealed surface lighting onto laminate worktops which extends to form a breakfast bar. Integrated fan assisted double oven, halogen hob (with concealed gas point) with extractor canopy over. Space to house an American style fridge/freezer with water-feed. Integrated dishwasher and washing machine, stainless steel sin with mixer tap and inset LED lighting. 

FIRST FLOOR  

LANDING Balcony landing overlooking the entrance hall with vaulted ceiling and a uPVC double glazed window. Inset LED lighting, hard-wired smoke alarm and doors leading to the bedrooms and bathroom. 

BEDROOM 2 (TO THE REAR) 10' 10" x 11' 8" (3.31m x 3.57m) uPVC double glazed dormer window, double radiator, TV aerial point and LED spotlights. 

BEDROOM 3 (TO THE FRONT) 8' 11" x 11' 9" (2.72m x 3.60m) uPVC double glazed dormer window, double radiator, TV aerial point and LED spotlights. 

BATHROOM 10' 10" x 7' 6" (3.31m x 2.30m) A white suite featuring panelled bath with thermostatic shower over, glazed screen and PVC panelled splash-backs. Pedestal wash basin, WC, double radiator, vinyl floor tiles, uPVC double glazed dormer window, LED spotlights and ceiling extractor fan.  

MASTER BEDROOM (TO THE FRONT) 15' 4" x 9' 8" (4.68m x 2.95m) Large walk-in storage cupboard, uPVC double glazed window, TV aerial point, double radiator, LED spotlights and a door leading to the en-suite. 

EN-SUITE 7' 11" x 7' 5" (2.43m x 2.28m) A white suite featuring a thermostatic shower cubicle, WC, wash basin with base storage, PVC panelled splash-backs, vinyl floor tiles, uPVC double glazed dormer window, double radiator LED lights and an extractor fan. 

EXTERNAL  

TO THE FRONT Block paved driveways to both sides providing off-street parking. Lawn and fence. Side gate leading o the rear. 

TO THE REAR & SIDE Enclosed garden extending to one side with lawn and mature bedding plants. Cold water supply tap. 

GARAGE & PARKING Parking for several vehicles plus an attached single garage with roller door, power pints and lighting. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

SECURITY Infra red alarm installed. 

ENERGY EFFICIENCY EPC rating B (85). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

TENURE We understand that the property is freehold. We would recommend that any purchaser has this confirmed by their legal advisor.  

COUNCIL TAX The property is in Council Tax band D £2,212.18 per annum. 

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?

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