2 Bed Terraced House, Single Let, Chester-le-Street, DH3 3DL, £89,000

Finchdale Terrace, Chester Le Street, DH3 3DL - 8 months ago

Leasehold
BTL
ROI: 8%
~61 m²
+5 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,250

Stamp Duty & Legal Fees

£5,650

Total Cash In

£27,900

 

 

Cash Out

 

Rent Range

£450 - £1,275

Rent Estimate

£595

Running Costs/mo

£417

Cashflow/mo

£178

Cashflow/yr

£2,135

ROI

8%

Gross Yield

8%













Local Rents

17 rents from £450/mo to £1.3K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£45012/240.03 miPoplar Street, Chester Le Street, Durham, DH32
£67008/240.07 mi-2
£65012/240.09 mi-2
£75012/240.11 miCentral Exchange, Chester le Street2
£72509/230.16 mi-2
£59512/240.21 miRobertson Court, Chester Le Street, Durham, DH32
£65004/250.21 mi-2
£62512/240.21 miHigh Chare, Chester Le Street, County Durham, DH32
£62504/250.26 mi-2
£67512/240.27 mi-2
£59512/240.28 miAllen Street, Chester-le-Street, County Durham2
£1,27506/240.28 mi-2
£65012/240.33 miThe Anchorage, Chester Le Street, County Durham, DH32
£69512/240.4 miOrchard Terrace, Chester Le Street, DH32
£59512/240.43 miJolliffe Street, Chester Le Street, Dh32
£67512/240.45 miProspect Street, Chester Le Street, County Durham2
£75012/240.54 mi-2

Local Area Statistics

Population in DH3

25,797

Population in Chester-le-Street

56,377

Town centre distance

0.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £89,000

August 30, 2024

Floor Plans

Description

  • NO CHAIN +
  • NEW SHOWER ROOM +
  • NEW BOILER +
  • RE-WIRED +
  • RE-DECORATED +
  • TWO BEDROOMS +
  • END TERRACE HOUSE +
  • CHARMING HOME +
  • LOFT SPACE +
  • PARKING +

NO CHAIN NEW SHOWER ROOM NEW BOILER RE-WIRED RE-DECORATED TWO BEDROOMS OFF-ROAD PARKING

We are delighted to present to the market this generously sized two-bedroom end of terrace property, located in Finchdale Terrace, Chester-Le-Street, with the added advantage of no onward chain. Ideally situated close to local amenities, public transport links, and well-regarded local schools. The property is also within walking distance of Chester-Le-Street Train Station and a short distance from Riverside Park and Durham University.

This charming family home, exuding a cosy cottage atmosphere, briefly comprises: Entrance hallway, a spacious lounge featuring a multi-fuel burner, and a kitchen. On the first floor, there are two double bedrooms, loft access via a ladder leading to a carpeted loft space equipped with power supply and lighting, and a newly fitted shower room. Externally, the property benefits from off-road parking to the rear.

Early viewings are highly recommended to fully appreciate the size and location of this property.

Ground Floor -

Entrance Lobby -

Lounge - 5.6 x 4.2 max (18'4" x 13'9" max) -

Kitchen - 2.5 x 2.5 (8'2" x 8'2") -

First Floor -

Landing -

Bedroom One - 4.3 x 2.7 (14'1" x 8'10") -

Bedroom Two - 3.2 x 2.7 max (10'5" x 8'10" max) -

Shower Room / Wc - 2.5 x 2.4 (8'2" x 7'10") -

Agent's Notes - Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Gas Central Heating
Broadband: Basic 19 Mbps, Superfast 80 Mbps, Ultrafast 1,139 Mbps
Mobile Signal/Coverage: Good/Average
Tenure: Freehold/Leasehold (if leasehold then to include information about the lease)
Council Tax: Durham County Council, Band A - Approx. £1,621p.a
Energy Rating: C

Disclaimer: The preceding details have been sourced from the seller and OnTheMarket.com. Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities. Robinsons cannot accept liability for any information provided.

Agent Details

Robinsons, Chester Le Street

0191 625 0844

Next Steps?

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