3 Bed Terraced House, Cash/Bridging Only, DH9 9LS, £85,000

17 Margaret Terrace, Tanfield Lea, Stanley, DH9 9JY - 1 views - 7 months ago

Sold STC
Cash
ROI: 3%
~83 m²
+10 photos

ValuationFair Value

Sold Prices£62K - £220K
Sold Prices/m²£738/m² - £2.9K/m²

 

 

Square Metres

~82.90 m²
Price/m²£1K/m²

Value Estimate

£85,000

 

 

End Value (After Refurb)

£104,682

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Refurb Costs

£31,975

Bridging Loan Interest

£2,231

Total Cash In

£62,656

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£104,682

Mortgage (After Refinance)

£78,511

Mortgage LTV

75%

Cash Released

£14,761

Cash Left In

£47,895

Equity

£26,170

Rent Range

£400 - £1,795

Rent Estimate

£656

Running Costs/mo

£478

Cashflow/mo

£178

Cashflow/yr

£2,132

ROI

3%

Gross Yield

9%

Local Sold Prices

41 sold prices from £62K to £220K, average is £118.5K. £738/m² to £2.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£88K05/210.1 mi80, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NR3
£103K12/200.1 mi71, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NR3
£62K05/210.17 mi9, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NW3
£100K03/230.17 mi8, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NW3
£75K03/210.17 mi7, Parkside, Tanfield Lea, Stanley, Durham DH9 9NW3
£105K05/230.24 mi41, North Leigh, Tanfield Lea, Stanley, County Durham DH9 9PA3
£118.5K09/210.27 mi15, Epworth, Tanfield Lea, Stanley, Durham DH9 9UJ3
£85K02/210.27 mi11, Epworth, Tanfield Lea, Stanley, Durham DH9 9UJ3
£193.5K09/210.28 mi49, Woodburn, Tanfield Lea, Stanley, County Durham DH9 9UR3
£90K12/210.33 mi13, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£165K10/210.33 mi43, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£127K06/230.33 mi19, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£150K04/230.33 mi41, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£173K12/220.33 mi17, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£128K02/210.33 mi3, The Paddock, Tanfield Lea, Stanley, County Durham DH9 9NS3
£67K11/210.34 mi10, Blanche Terrace, Tantobie, Stanley, Durham DH9 9TE3
£92.5K02/210.35 mi12, South Leigh, Tanfield Lea, Stanley, County Durham DH9 9PB3
£100K11/200.36 mi29, South View, Tantobie, Stanley, County Durham DH9 9TJ3
£155K12/200.36 mi37, Errington Drive, Tanfield Lea, Stanley, County Durham DH9 9PD3
£155K01/210.36 mi43, Errington Drive, Tanfield Lea, Stanley, Durham DH9 9PD3
£145K12/220.36 mi20, Errington Drive, Tanfield Lea, Stanley, County Durham DH9 9PD3
£150K05/210.39 mi31, Trefoil Road, Tanfield Lea, Stanley, Durham DH9 9PH3
£130K07/210.41 mi19, The Crescent, Tanfield Lea, Stanley, County Durham DH9 9NQ3
£110K10/200.41 mi31, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£155K06/230.41 mi38, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£63.5K03/230.49 mi9, Palm Terrace, Tantobie, Stanley, County Durham DH9 9PS3
£70K06/230.51 mi12, Westhills, Tantobie, Stanley, County Durham DH9 9RZ3
£130K02/210.51 mi21, Westhills, Tantobie, Stanley, County Durham DH9 9RZ3
£117K12/200.51 mi3, Westhills, Tantobie, Stanley, Durham DH9 9RZ3
£85K06/230.53 mi22, Ivy Place, Tantobie, Stanley, County Durham DH9 9PT3
£85K02/230.53 mi25, Ivy Place, Tantobie, Stanley, County Durham DH9 9PT3
£170K11/220.54 mi10, Westhills, Tantobie, Stanley, County Durham DH9 9RZ3
£162K12/220.55 mi24, White Le Head Gardens, Tantobie, Stanley, County Durham DH9 9RU3
£135K04/230.6 mi7, Bute Street, Tantobie, Stanley, County Durham DH9 9SA3
£70K06/210.69 mi45, Whinside, Stanley, Durham DH9 8AU3
£83K06/230.71 mi18, Broom Hill, Stanley, County Durham DH9 8AZ3
£163K02/210.83 mi25, St Margarets Drive, Tanfield, Stanley, County Durham DH9 9QW3
£210K01/230.93 mi5, Charnwood, Stanley, County Durham DH9 8BW3
£115K11/200.94 mi39a, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NG3
£215K04/231 mi128, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£220K11/221 mi132, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3

Local Rents

50 rents from £400/mo to £1.8K/mo, average is £575/mo.

RentDateDistanceAddressBeds 
£55008/230.34 mi-3
£1,50012/240.63 miThe Tiley at High Steads, Durham, DH93
£62512/240.74 miBroom Hill, Stanley3
£57512/240.93 miSunny Terrace, Stanley, Co. Durham, DH93
£60004/251.1 mi-3
£60004/251.1 mi-3
£1,10006/241.12 miThe Meadows, Burnopfield, Newcastle upon Tyne, NE163
£55012/241.14 miSylvia Terrace, Stanley2
£52512/241.16 mi-2
£50012/241.16 mi-2
£95012/241.16 mi-3
£57512/241.21 miChurch Street, Stanley, County Durham, DH92
£75012/241.25 mi-4
£59512/241.28 miBelle Street, Stanley, DH92
£65003/251.29 mi-3
£50003/251.29 mi-1
£87107/231.3 mi-3
£55012/241.32 miSpen Street, Stanley, Durham, DH93
£62512/241.33 mi-3
£53502/251.35 mi-2
£42012/241.42 miPark Road, Stanley, County Durham, DH92
£1,79503/251.42 mi-3
£55012/241.43 miBircham Street, South Moor, Stanley, DH92
£55004/251.44 mi-2
£57512/241.45 miWear Road, Stanley, County Durham, DH92
£75001/251.45 mi-3
£59510/241.46 mi-2
£49512/241.46 miUnity Terrace, Stanley2
£1,10012/241.47 mi-4
£47512/241.47 miCoronation Terrace, Stanley, Durham, DH92
£62507/241.48 mi-3
£62503/251.48 mi-3
£67511/241.49 mi-3
£60012/241.51 mi-3
£60004/251.51 mi-3
£55012/241.53 miOliver Street, Stanley, Durham, DH9 7AQ2
£50012/241.53 mi-2
£50008/231.53 mi-2
£45001/251.53 mi-2
£52512/241.54 mi-2
£50003/251.54 mi-2
£57512/241.54 mi-2
£89505/241.57 miLilac Crescent, Burnopfield, NE163
£75003/251.57 mi-3
£75003/241.57 mi-3
£70003/251.57 mi-3
£40012/241.6 miMitchell Street, South Moor, Stanley1
£42512/241.63 mi-2
£55012/241.63 miCatherine Terrace, New Kyo, Stanley2
£55004/251.64 mi-2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.60 miles away

Nearest train station

5.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Price changed to £85,000

October 24, 2024

Listed for £90,000

September 24, 2024

Floor Plans

Description

  • Mid Terraced Home +
  • Three Bedrooms +
  • Private Rear Yard & Front Garden +
  • Two Reception Rooms +
  • Well Presented +
  • Ample Storage +
  • Gas Central Heating & Double Glazing +
  • Many Local Amenities +

Jan Mitchell Properties are pleased to welcome to the market this three bedroom terraced house on Margaret Terrace, Tanfield Lea. The home is well presented throughout and will appeal to a variety of buyers.

The property briefly comprises:- Lounge with feature fireplace, kitchen with fitted wall and floor units, and dining room with storage cupboard. To the first floor, there are three good sized bedrooms; two of which with built in storage, and a three piece family bathroom with shower over the bath. Externally, there is a lawned garden to the front of the property and to the rear, a private yard area.

Location
The property conveniently positioned for easy access to a wealth of local amenities within the village itself as well as close proximity to Stanley town centre. From there, you'll find excellent transport links to surrounding areas such as Consett, Chester le Street, and Durham.

Measurements
Lounge - 3.33 x 3.93
Dining Room - 4.86 x 3.02
Kitchen - 2.45 x 3.93
Bedroom One - 3.18 x 3.36
Bedroom Two - 3.62 x 3.59
Bedroom Three - 2.60 x 2.37

IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.

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.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Council Tax Band: A (Durham County Council)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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