2 Bed Terraced House, Refurb/BRRR, DH9 7EX, £45,000

Wardle Street, Old South Moor, Stanley, Durham, DH9 7EX - 5 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£24.5K - £150K
Sold Prices/m²£340/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£661/m²

Value Estimate

£45,450

 

 

End Value (After Refurb)

£53,921

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,550

Refurb Costs

£26,271

Bridging Loan Interest

£1,181

Total Cash In

£43,003

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£53,921

Mortgage (After Refinance)

£40,441

Mortgage LTV

75%

Cash Released

£6,691

Cash Left In

£36,312

Equity

£13,480

Rent Range

£420 - £600

Rent Estimate

£521

Running Costs/mo

£293

Cashflow/mo

£228

Cashflow/yr

£2,740

ROI

6%

Gross Yield

14%

Local Sold Prices

50 sold prices from £24.5K to £150K, average is £62.5K. £340/m² to £1.9K/m², average is £794/m².

PriceDateDistanceAddressBeds 
£57K04/230.05 mi2, Wardle Street, Quaking Houses, Stanley, County Durham DH9 7EX2
£50K04/210.21 mi12, Fourth Street, Quaking Houses, Stanley, Durham DH9 7HB2
£44K11/210.34 mi62, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£28.5K03/210.34 mi60, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£35.5K12/200.36 mi3, Elm Street, South Moor, Stanley, Durham DH9 7EA2
£77K06/210.37 mi48, Southfields, Stanley, Durham DH9 7PQ2
£53K07/210.42 mi57, Southfields, Stanley, County Durham DH9 7PG2
£45K06/230.44 mi6, John Street, South Moor, Stanley, County Durham DH9 7BG2
£52K08/210.45 mi46, Mitchell Street, South Moor, Stanley, Durham DH9 7BQ2
£52K07/210.45 mi25, William Street, South Moor, Stanley, Durham DH9 7BJ2
£24.5K01/210.45 mi17, William Street, South Moor, Stanley, Durham DH9 7BJ2
£55K02/210.47 mi13, Coquet Gardens, Stanley, Durham DH9 7PN2
£60K03/210.48 mi29, Waveney Gardens, Stanley, Durham DH9 7NG2
£55K03/230.56 mi6, Bircham Street, Stanley, County Durham DH9 7AE2
£83K11/210.56 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£75K11/200.56 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£98K01/230.56 mi39, Orwell Gardens, Stanley, County Durham DH9 6QA2
£65K08/210.56 mi3, South Field Court, South Stanley, Stanley, County Durham DH9 7BX2
£64K05/230.6 mi37, School Terrace, Stanley, County Durham DH9 7QN2
£45K04/210.62 mi36, Fern Avenue, Stanley, Durham DH9 7QY2
£36K10/210.62 mi30, Fern Avenue, Stanley, County Durham DH9 7QY2
£54K02/230.62 mi23, Fern Avenue, Stanley, County Durham DH9 7QY2
£40K11/200.62 mi10, Fern Avenue, Stanley, County Durham DH9 7QY2
£72K11/210.69 mi33, Tyne Road East, Stanley, Durham DH9 6NF2
£49K01/210.7 mi19, Standish Street, Stanley, County Durham DH9 7AD2
£54K02/230.71 mi26, Rose Avenue, Stanley, County Durham DH9 7RB2
£73.5K02/230.72 mi79, Eastfields, Stanley, County Durham DH9 7DN2
£62K01/210.72 mi89, Eastfields, Stanley, Durham DH9 7DN2
£63K03/230.72 mi82, Eastfields, Stanley, County Durham DH9 7DN2
£50K11/200.77 mi24, Joseph Street, Stanley, Durham DH9 7NS2
£70K08/210.77 mi1, Joseph Street, Stanley, Durham DH9 7NS2
£77.5K06/230.77 mi5, Joseph Street, Stanley, County Durham DH9 7NS2
£48.3K12/200.79 mi26, Tweed Terrace, Stanley, Durham DH9 6JN2
£86K03/230.79 mi24, Tweed Terrace, Stanley, County Durham DH9 6JN2
£63K12/220.82 mi2, Garden Terrace, Stanley, County Durham DH9 7NP2
£83K11/200.83 mi26, Wansbeck Avenue, Stanley, Durham DH9 6HY2
£72.5K06/230.84 mi2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ2
£63.5K01/230.84 mi44, Spen Street, Stanley, County Durham DH9 7NJ2
£78K12/200.85 mi27, Wansbeck Avenue, Stanley, County Durham DH9 6HS2
£88K01/230.86 mi12, Jubilee Terrace, Stanley, County Durham DH9 7JJ2
£120K12/220.87 mi1, Oxhill Villas, Stanley, County Durham DH9 7JT2
£97.5K11/220.88 mi14, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£35K11/200.88 mi10, Spen Street, Stanley, Durham DH9 7NJ2
£68K02/230.89 mi8, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£150K11/200.89 mi4, Oxhill Villas, Stanley, Durham DH9 7JT2
£81.8K02/230.9 mi9, Evelyn Terrace, Stanley, County Durham DH9 7RN2
£50K06/210.91 mi8, Mulberry Terrace, Stanley, Durham DH9 7JH2
£50K09/210.91 mi7, Mulberry Terrace, Stanley, County Durham DH9 7JH2
£115K11/200.92 mi30, Pea Road, Stanley, County Durham DH9 7RG2
£80K11/210.93 mi13, Oak Terrace, Craghead, Stanley, Durham DH9 6BW2

Local Rents

14 rents from £420/mo to £600/mo, average is £538/mo.

RentDateDistanceAddressBeds 
£50001/250.36 mi-2
£55012/240.38 miPoplar Street, Stanley, County Durham, DH92
£55004/250.38 mi-2
£49012/240.38 miPoplar Street, Stanley, County Durham, DH92
£52512/240.39 miPine Street, Stanley, County Durham, DH92
£55002/250.4 mi-2
£42512/240.4 mi-2
£50003/250.49 mi-2
£45001/250.5 mi-2
£55012/240.51 miOliver Street, Stanley, Durham, DH9 7AQ2
£59512/240.56 miHollyhill Gardens, Stanley, DH92
£60012/240.56 miOrwell Gardens, Stanley, Durham, DH92
£55012/240.61 miBircham Street, South Moor, Stanley, DH92
£42012/240.62 miPark Road, Stanley, County Durham, DH92

Local Area Statistics

Population in DH9

36,673

Nearest school

0.10 miles away

Nearest train station

5.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £45,000

August 27, 2024

Description

  • Two Bedroom +
  • Mid Terrace +
  • UPVC Double Glazing +
  • Gas Central Heating +
  • Garden to the Front, Yard to the Rear +
  • No Onward Chain! +

Rare to the market we welcome this two bedroom mid terrace property situated on the quiet Wardle Street, Old South Moor, Stanley. This well proportioned home is to be sold with no onward chain and would be ideal for a first time buy or investment. The property is in need of slight modernisation but does benefits from upvc double glazing and gas central heating. In brief the property comprises Lounge and kitchen to the ground floor, two double bedrooms and a family bathroom/wc to the first floor. There is a well established front garden and a rear yard.
Early viewing is essential to appreciate the opportunity on offer. To arrange a viewing please contact the Stanley team on .

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Stanley

01207 268924

Next Steps?

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

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