3 Bed Terraced House, Single Let, Chester-le-Street, DH3 3HT, £90,000

16 Lynn Street, Chester Le Street, Durham, DH3 3HT - 5 views - 8 months ago

BTL

ROI: 7%

81 m²

+8 photos

ValuationUndervalued

Sold Prices	£74K - £260K
Sold Prices/m²	£783/m² - £2.2K/m²

Square Metres	81 m²
Price/m²	£1.1K/m²
Value Estimate	£107,168£107,168

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,500£22,500
Stamp Duty & Legal Fees	£4,500£4,500
Total Cash In	£27,000£27,000

Cash Out
Rent Range	£595 - £3,300£595 - £3,300
Rent Estimate	£675
Running Costs/mo	£436£436
Cashflow/mo	£239£239
Cashflow/yr	£2,865£2,865
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £74K to £260K, average is £120K. £783/m² to £2.2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£115K	12/22	0.03 mi	4, Ernest Terrace, Chester Le Street, County Durham DH3 3HR	-	-	3	Terraced House
£135K	06/21	0.05 mi	25, West Lane, Chester Le Street, Durham DH3 3HL	£1,392	97	3	Terraced House
£96K	11/22	0.11 mi	11, Finchdale Terrace, Chester Le Street, County Durham DH3 3DL	£783	123	3	Terraced House
£189K	01/21	0.14 mi	12, Elvet Green, Chester Le Street, Durham DH2 2ER	£2,198	86	3	Semi-Detached House
£137.5K	11/21	0.14 mi	42, Moorfoot Avenue, Chester Le Street, County Durham DH2 3AJ	£1,341	103	3	Semi-Detached House
£74K	03/23	0.14 mi	11, Poplar Street, Chester Le Street, County Durham DH3 3DN	£987	75	3	Terraced House
£110K	02/23	0.15 mi	28, Melville Street, Chester Le Street, County Durham DH3 3JF	£1,130	97	3	Terraced House
£117.5K	07/23	0.15 mi	16, Melville Street, Chester Le Street, County Durham DH3 3JF	-	-	3	Terraced House
£90K	12/21	0.15 mi	19, Melville Street, Chester Le Street, County Durham DH3 3JF	£1,111	81	3	Terraced House
£192.5K	02/23	0.16 mi	5, Lumley Terrace, Chester Le Street, County Durham DH3 3NQ	£1,829	105	3	Terraced House
£227.5K	10/21	0.16 mi	25, Red Rose Terrace, Chester Le Street, County Durham DH3 3LN	-	-	3	Terraced House
£157K	06/21	0.16 mi	23, Avondale Terrace, Chester Le Street, County Durham DH3 3ED	£1,524	103	3	Terraced House
£125K	10/21	0.18 mi	5, Clifford Terrace, Chester Le Street, Durham DH3 3JL	£1,147	109	3	Terraced House
£158K	12/20	0.18 mi	7, Lumley Terrace, Chester Le Street, County Durham DH3 3NQ	£1,436	110	3	Terraced House
£134K	12/21	0.2 mi	11, Lambton Street, Chester Le Street, Durham DH3 3NH	£1,323	101	3	Terraced House
£98K	03/21	0.2 mi	30, Lambton Street, Chester Le Street, Durham DH3 3NH	£980	100	3	Terraced House
£139K	07/21	0.2 mi	47, Lambton Street, Chester Le Street, Durham DH3 3NH	-	-	3	Terraced House
£128K	09/21	0.2 mi	45, Lambton Street, Chester Le Street, Durham DH3 3NH	£1,255	102	3	Terraced House
£120K	04/23	0.2 mi	21, Lambton Street, Chester Le Street, County Durham DH3 3NH	£1,053	114	3	Terraced House
£114K	12/21	0.21 mi	36, Cumbrian Avenue, Chester Le Street, Durham DH2 3AR	£1,104	103	3	Terraced House
£119K	05/21	0.22 mi	36, Mendip Avenue, Chester Le Street, Durham DH2 3AT	£1,352	88	3	Semi-Detached House
£94K	03/21	0.22 mi	38, Mendip Avenue, Chester Le Street, County Durham DH2 3AT	-	-	3	Terraced House
£138K	10/21	0.22 mi	10, Mendip Avenue, Chester Le Street, County Durham DH2 3AS	£1,568	88	3	Terraced House
£90K	11/20	0.23 mi	13, Ripon Street, Chester Le Street, County Durham DH3 3JR	£1,268	71	3	Terraced House
£175K	11/22	0.25 mi	2, Orchard Terrace, Chester Le Street, County Durham DH3 3JU	£1,527	115	3	Terraced House
£148K	04/21	0.25 mi	6, Buttermere Close, Chester Le Street, County Durham DH2 3DN	-	-	3	Semi-Detached House
£172.5K	07/23	0.25 mi	39, York Terrace, Chester Le Street, County Durham DH3 3NA	-	-	3	Terraced House
£120K	06/21	0.26 mi	27, Pennine Avenue, Chester Le Street, County Durham DH2 3AX	£1,348	89	3	Terraced House
£232.5K	09/21	0.27 mi	11, Castle Riggs, Chester Le Street, Durham DH2 2DL	-	-	3	Detached House
£110K	11/22	0.28 mi	7, Grampian Avenue, Chester Le Street, County Durham DH2 3AY	£1,264	87	3	Terraced House
£115K	10/22	0.29 mi	9, Katrine Close, Chester Le Street, County Durham DH2 3EF	£1,292	89	3	Detached House
£138.8K	08/21	0.33 mi	11, Hawes Avenue, Chester Le Street, County Durham DH2 3DX	£1,577	88	3	Semi-Detached House
£260K	11/20	0.33 mi	26, Eardulph Avenue, Chester Le Street, County Durham DH3 3PR	£2,016	129	3	Semi-Detached House
£80K	08/23	0.34 mi	33, Bullion Lane, Chester Le Street, County Durham DH2 2DP	-	-	3	Semi-Detached House
£114K	03/23	0.34 mi	22, Cleveland Avenue, Chester Le Street, County Durham DH2 3BA	£1,310	87	3	Terraced House
£105K	01/23	0.35 mi	37, Gray Avenue, Chester Le Street, County Durham DH2 2EL	£1,438	73	3	Semi-Detached House
£120K	08/21	0.35 mi	21, Cleveland Avenue, Chester Le Street, Durham DH2 3BB	-	-	3	Terraced House
£232.5K	06/21	0.35 mi	5, Park Road South, Chester Le Street, Durham DH3 3LT	-	-	3	Semi-Detached House
£95K	01/23	0.36 mi	24, Gray Avenue, Chester Le Street, County Durham DH2 2EL	£1,159	82	3	Terraced House
£125K	11/22	0.37 mi	21, Lancaster Terrace, Chester Le Street, County Durham DH3 3NW	£1,429	88	3	Terraced House
£125K	12/20	0.37 mi	53, Chiltern Avenue, Chester Le Street, Durham DH2 3BE	£1,437	87	3	Terraced House
£105K	06/21	0.39 mi	18, Chiltern Avenue, Chester Le Street, County Durham DH2 3BD	-	-	3	Terraced House
£120K	07/21	0.39 mi	13, Chiltern Avenue, Chester Le Street, Durham DH2 3BD	-	-	3	Semi-Detached House
£110K	02/21	0.4 mi	20, Alpine Court, Chester Le Street, Durham DH2 2UE	£1,375	80	3	Semi-Detached House
£176.9K	12/20	0.42 mi	8, Strangford Avenue, Chester Le Street, County Durham DH2 3EX	£1,988	89	3	Semi-Detached House
£189.9K	12/20	0.42 mi	87, Rydal Road, Chester Le Street, County Durham DH2 3DS	£1,900	100	3	Semi-Detached House
£108K	05/21	0.43 mi	14, Hambledon Avenue, Chester Le Street, County Durham DH2 3BG	£1,227	88	3	Semi-Detached House
£81.5K	07/23	0.43 mi	15, Ridley Avenue, Chester Le Street, County Durham DH2 2EJ	£1,019	80	3	Semi-Detached House
£95K	05/21	0.44 mi	60, Hambledon Avenue, Chester Le Street, County Durham DH2 3BQ	-	-	3	Terraced House
£117K	11/21	0.44 mi	52, Hambledon Avenue, Chester Le Street, Durham DH2 3BQ	-	-	3	Terraced House

Local Rents

11 rents from £595/mo to £3.3K/mo, average is £820/mo.

Rent	Date	Distance	Address	Beds	Type
£3,300	02/25	0.11 mi	-	3	Terraced House
£800	06/24	0.15 mi	-	3	Terraced House
£820	02/25	0.19 mi	-	3	Terraced House
£700	02/24	0.35 mi	-	3	Terraced House
£1,050	12/24	0.36 mi	-	3	Terraced House
£995	12/24	0.39 mi	-	3	Terraced House
£995	12/24	0.39 mi	Second Avenue, Chester Le Street, DH2	3	Terraced House
£595	12/24	0.44 mi	Cooperative Street, Chester Le Street	3	Terraced House
£675	12/24	0.45 mi	-	3	Semi-Detached House
£825	01/25	0.56 mi	-	3	Terraced House
£695	12/24	0.57 mi	Prospect Terrace, Chester Le Street	3	Terraced House

Local Area Statistics

Population in DH3	25,79725,797
Population in Chester-le-Street	56,37756,377
Town centre distance	0.55 miles away0.55 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.24 miles away0.24 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+13%+13%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-3%-3%

Property History

Price changed to £90,000

January 31, 2025

Listed for £110,000

August 31, 2024

Sold for £84,950

2006

Description

Welcome to this charming end-terraced house on Lynn Street, Chester Le Street! This delightful property boasts three cosy bedrooms, perfect for a small family or those in need of a home office. With a generous 1,012 sq ft of space, there's plenty of room to make this house your own.

The property features a welcoming reception room, ideal for relaxing or entertaining guests. The bathroom is well-appointed and provides convenience for all residents. What's more, this house comes with furnishings included, making it a hassle-free move-in experience.

Whether you're a first-time buyer or looking for a fresh start, this house is a great starter home with no chain attached. Don't miss out on the opportunity to own this lovely property in a convenient location. Book a viewing today and envision the possibilities of making this house your new home!

Entrance -

Lounge -

Kitchen -

First Floor -

Bedroom One -

Bedroom Two -

Bedroom Three -

Bathroom -

External -

Disclaimer Sales - The particulars on these properties are set out as a general guidance for intended purchasers or tenants, and do not constitute part of an offer or contract. The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. All dimensions, descriptions and distances, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility. Any intending purchasers or tenants should not rely on them as statements of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Measurements have been taken using a laser distance meter and may be subject to a margin of error. For further information see the Consumer Protection from Unfair Trading Regulations.