2 Bed Terraced House, Single Let, Durham, DH7 0QS, £90,000

Lanchester Road, Maiden Law, Lanchester, DH7 0QS - 7 months ago

Sold STC
BTL
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£28.5K - £325K
Sold Prices/m²£361/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£67,315

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,400

Total Cash In

£27,900

 

 

Cash Out

 

Rent Range

£400 - £1,200

Rent Estimate

£484

Running Costs/mo

£398

Cashflow/mo

£86

Cashflow/yr

£1,031

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £28.5K to £325K, average is £81.5K. £361/m² to £2.8K/m², average is £988/m².

PriceDateDistanceAddressBeds 
£115K03/210.02 mi52, Lanchester Road, Maiden Law, Durham DH7 0QS2
£127K03/231.13 mi11, Victoria Terrace, Lanchester, Durham, County Durham DH7 0JB2
£172.5K08/211.13 mi28, Victoria Terrace, Lanchester, Durham DH7 0JB2
£325K03/211.13 miThe Bungalow, Victoria Terrace, Lanchester, Durham DH7 0JB2
£56K04/231.22 mi11, Clavering Place, Stanley, County Durham DH9 7XD2
£48K06/231.22 mi42, Clavering Place, Stanley, County Durham DH9 7XD2
£75K12/221.22 mi45, Clavering Place, Stanley, County Durham DH9 7XD2
£51K08/211.23 mi3, William Street, Annfield Plain, Stanley, County Durham DH9 7SH2
£43K12/201.25 mi12, Mary Street, Annfield Plain, Stanley, County Durham DH9 7SJ2
£51.5K08/231.25 mi13, Mary Street, Annfield Plain, Stanley, County Durham DH9 7SJ2
£160K03/211.25 mi13, Croft View, Lanchester, Durham DH7 0HY2
£60K05/211.26 mi12, Elizabeth Street, Stanley, Durham DH9 7SW2
£60K05/211.26 mi12, Elizabeth Street, Stanley, Durham DH9 7SW2
£61.8K04/231.28 mi5, Westview Terrace, Stanley, County Durham DH9 8NU2
£78K11/201.29 mi10, Whitehouse Terrace, Burnhope, Durham, County Durham DH7 0AA2
£65K06/211.29 mi16, Prospect Terrace, Stanley, Durham DH9 7TR2
£90K12/201.31 mi22, Vale View, Burnhope, Durham DH7 0EA2
£54K06/211.32 mi23, Hawthorn Terrace, Stanley, Durham DH9 7TL2
£50K04/211.32 mi12, Fourth Street, Quaking Houses, Stanley, Durham DH9 7HB2
£113K06/211.34 mi12, The Garths, Lanchester, Durham DH7 0HR2
£73K03/211.34 mi10, Pontop Terrace, Stanley, County Durham DH9 8NS2
£93K03/231.35 mi7, Mount Pleasant, Burnhope, Durham, County Durham DH7 0BB2
£92.5K03/231.37 mi18, Fairview Terrace, Stanley, County Durham DH9 8NR2
£85K01/231.38 mi17, Fairview Terrace, Stanley, County Durham DH9 8NR2
£70K09/211.4 mi20, Stanhope Gardens, Stanley, County Durham DH9 8QG2
£50K06/211.43 mi8, Mulberry Terrace, Stanley, Durham DH9 7JH2
£50K09/211.43 mi7, Mulberry Terrace, Stanley, County Durham DH9 7JH2
£94K01/211.43 mi12, Meadowfield, Burnhope, Durham DH7 0EJ2
£135K12/201.44 mi1, Sycamore Place, Lanchester, Durham DH7 0HG2
£115K10/201.45 mi3, Prospect Terrace, Lanchester, Durham, County Durham DH7 0HF2
£88K09/211.45 mi80, Deneside, Lanchester, Durham, County Durham DH7 0LY2
£147.3K05/211.46 mi7, Railway Street, Lanchester, Durham DH7 0SG2
£61.8K06/211.47 mi11, Wolsingham Terrace, Stanley, County Durham DH9 8QJ2
£88K01/231.49 mi12, Jubilee Terrace, Stanley, County Durham DH9 7JJ2
£37K12/201.5 mi3, Wesley Terrace, Stanley, Durham DH9 8QL2
£95K09/211.5 mi25, Manor Grange, Lanchester, Durham, County Durham DH7 0LU2
£90K02/231.5 mi1, Manor Grange, Lanchester, Durham, County Durham DH7 0LU2
£63.5K01/231.5 mi18, Wesley Terrace, Stanley, County Durham DH9 8QL2
£42K02/211.5 mi21, Wesley Terrace, Stanley, County Durham DH9 8QL2
£116K11/221.52 mi21, Humberhill Drive, Lanchester, Durham, County Durham DH7 0HH2
£102.5K06/231.52 mi102, Meadowfield, Burnhope, Durham, County Durham DH7 0EL2
£76.5K03/211.57 mi19, Ryde Terrace, Stanley, Durham DH9 8HQ2
£160K03/211.57 mi4, Humberhill Drive, Lanchester, Durham, County Durham DH7 0HH2
£55.8K07/231.58 mi6, Church Street, Catchgate, Stanley, County Durham DH9 8HE2
£57K04/231.58 mi2, Wardle Street, Quaking Houses, Stanley, County Durham DH9 7EX2
£120K12/221.6 mi1, Oxhill Villas, Stanley, County Durham DH9 7JT2
£150K11/201.61 mi4, Oxhill Villas, Stanley, Durham DH9 7JT2
£95K04/231.64 mi8, Middlewood Road, Lanchester, Durham, County Durham DH7 0HL2
£200K10/221.65 mi37, Windsor Drive, Stanley, County Durham DH9 8SR2
£28.5K03/211.66 mi60, Elm Street, South Moor, Stanley, Durham DH9 7EB2

Local Rents

50 rents from £400/mo to £1.2K/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£1,10011/240.93 mi-4
£62512/241.17 miSouth View, Annfield Plain, Stanley3
£65012/241.23 miClavering Place, Stanley, County Durham, DH93
£62502/251.23 mi-2
£75012/241.25 mi-3
£75012/241.25 mi-3
£70012/241.25 mi-3
£80012/241.25 mi-3
£80011/241.25 mi-3
£1,00002/251.25 mi-3
£1,00010/241.25 mi-3
£80003/251.25 mi-3
£80003/251.25 mi-3
£55001/251.26 mi-2
£55012/241.28 miMitchell Street, Annfield Plain, Stanley, County Durham, DH92
£99512/241.29 miFront Street, Annfield Plain, Stanley, County Durham, DH95
£60008/231.29 mi-3
£55012/241.32 miHawthorn Terrace, New Kyo, Stanley2
£55012/241.35 miCatherine Terrace, New Kyo, Stanley2
£1,20011/241.36 mi-3
£60012/241.42 miHamsterley Gardens, Annfield Plain, Stanley2
£52511/231.47 mi-2
£60012/241.49 miAnnfield Place, ., Stanley, Durham, DH9 8NP2
£62507/241.52 mi-3
£47512/241.52 miCoronation Terrace, Stanley, Durham, DH92
£49512/241.53 miUnity Terrace, Stanley2
£59510/241.53 mi-2
£75002/251.55 mi-3
£55012/241.56 mi-2
£95011/241.57 mi-4
£69507/231.57 mi-3
£57512/241.58 mi-2
£52512/241.59 miPine Street, Stanley, County Durham, DH92
£69512/241.6 miOakwood, Lanchester, Durham, DH72
£49012/241.65 miPoplar Street, Stanley, County Durham, DH92
£42512/241.66 mi-2
£40012/241.67 miMitchell Street, South Moor, Stanley1
£50001/251.67 mi-2
£55012/241.72 miPoplar Street, Stanley, County Durham, DH92
£55004/251.72 mi-2
£52512/241.74 mi-2
£1,10012/241.74 mi-4
£55002/251.83 mi-2
£45001/251.85 mi-2
£60012/241.85 mi-3
£60004/251.85 mi-3
£50003/251.86 mi-2
£62503/251.86 mi-3
£55012/241.87 miOliver Street, Stanley, Durham, DH9 7AQ2
£50012/241.88 mi-2

Local Area Statistics

Population in DH7

40,931

Population in Durham

124,445

Town centre distance

7.74 miles away

Nearest school

1 miles away

Nearest train station

6.28 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Price changed to £90,000

January 23, 2025

Listed for £140,000

September 20, 2024

Floor Plans

Description

  • Early Vacant Possession Available +
  • Views to the rear +
  • Requires Cosmetic Improvement +
  • Timber Framed Double Glazing +
  • Gas Fired Central Heating +
  • Gardens +

Situated in the popular hamlet of Maiden Law, this stone fronted terraced house which has an open aspect to the rear, is ideal for first-time buyers or investors.

Available with early vacant possession, the property has the benefit of timber-framed double glazing, gas-fired central heating and requires some cosmetic improvement. The accommodation comprises, an entrance porch, lounge, kitchen, two bedrooms and a bathroom. There are gardens to front and rear.

EPC Rating D Council Tax Band B

Lanchester Road is the main access through Maiden Law, linking the village to Lanchester which has an excellent range of facilities including renowned schools, pubs and restaurants. It is in a convenient location for commuting to Newcastle (12.5 miles) and to Durham (9 miles), and is also close to Stanley and Consett, which also offer a good range of amenities.

Agent Notes:
Freehold.
Council Tax band B
Utilities: Connected to mains Gas, Electricity, Water (not metered) & Sewerage.
Official flood risk: Rivers & Seas - No Risk, Surface Water - Very Low.
Mobile Phone Coverage: Good from O2 & Vodafone, average coverage from Three & EE.
Broadband (estimated speeds)
Standard 10 mbps
Superfast 80 mbps
Ultrafast - not available
No cable available.
The property is situated in a historical mining area, and there are some standard restrictive covenants, full details can be provided on request. There is no allocated parking, residents park on the street.

Agent Details

J W Wood, Consett

01207 265924

Next Steps?

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