2 Bed Terraced House, Single Let, Chester-le-Street, DH3 2DJ, £70,000

20 Pembroke Avenue, Chester Le Street, Tyne And Wear, DH3 2DJ - 12 views - 6 months ago

BTL

ROI: 7%

117 m²

+8 photos

ValuationUndervalued

Sold Prices	£42K - £362.5K
Sold Prices/m²	£627/m² - £4.5K/m²

Square Metres	117 m²
Price/m²	£598/m²
Value Estimate	£105,400£105,400
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£3,750£3,750
Total Cash In	£21,250£21,250

Cash Out
Rent Range	£500 - £800£500 - £800
Rent Estimate	£550
Running Costs/mo	£349£349
Cashflow/mo	£201£201
Cashflow/yr	£2,415£2,415
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £42K to £362.5K, average is £140K. £627/m² to £4.5K/m², average is £2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£73K	03/23	0.1 mi	104, Dorset Avenue, Birtley, Chester Le Street, Tyne And Wear DH3 2DY	£1,217	60	2	Terraced House
£145K	06/21	0.15 mi	14, Norfolk Avenue, Birtley, Chester Le Street, Tyne And Wear DH3 2DG	-	-	2	Semi-Detached House
£108K	11/22	0.19 mi	6, Nairn Close, Birtley, Chester Le Street, Tyne And Wear DH3 2HF	-	-	2	Terraced House
£100K	07/23	0.19 mi	26, The Drive, Birtley, Chester Le Street, Tyne And Wear DH3 2HW	-	-	2	Semi-Detached House
£118.5K	11/22	0.24 mi	14, Sandray Close, Birtley, Chester Le Street, Tyne And Wear DH3 2HJ	£1,573	75	2	Terraced House
£95K	10/20	0.28 mi	31, Bedford Avenue, Birtley, Chester Le Street, Tyne And Wear DH3 2AL	£1,056	90	2	Terraced House
£202K	10/21	0.3 mi	6, Ennerdale, Birtley, Chester Le Street, Tyne And Wear DH3 2LA	£2,020	100	2	Semi-Detached House
£255K	01/23	0.34 mi	23, Garsdale, Birtley, Chester Le Street, Tyne And Wear DH3 2EZ	£2,476	103	2	Detached House
£149.9K	05/21	0.34 mi	13, Tamerton Drive, Birtley, Chester Le Street, Tyne And Wear DH3 2LX	£2,631	57	2	Semi-Detached House
£155K	06/21	0.34 mi	22, Tamerton Drive, Birtley, Chester Le Street, Tyne And Wear DH3 2LX	-	-	2	Semi-Detached House
£207K	05/23	0.35 mi	59, Garsdale, Birtley, Chester Le Street, Tyne And Wear DH3 2EY	£3,077	67	2	Semi-Detached House
£200K	02/23	0.37 mi	7, Lonsdale, Birtley, Chester Le Street, Tyne And Wear DH3 2EX	£2,174	92	2	Semi-Detached House
£70K	09/21	0.44 mi	1, Wilfred Street, Birtley, Chester Le Street, Tyne And Wear DH3 2NU	£1,308	54	2	Terraced House
£78K	04/21	0.44 mi	3, Wilfred Street, Birtley, Chester Le Street, Tyne And Wear DH3 2NU	£1,345	58	2	Terraced House
£125K	09/21	0.5 mi	20, Pelaw Grange Court, Chester Le Street, Durham DH3 2BJ	£1,712	73	2	Semi-Detached House
£279.9K	11/20	0.5 mi	73, Picktree Lodge, Chester Le Street, County Durham DH3 4DH	£3,181	88	2	Detached House
£315K	09/22	0.5 mi	73, Picktree Lodge, Chester Le Street, County Durham DH3 4DH	£3,580	88	2	Detached House
£265K	03/23	0.54 mi	89, Picktree Lodge, Chester Le Street, County Durham DH3 4DQ	-	-	2	Detached House
£75K	02/23	0.6 mi	3, North Street, Birtley, Chester Le Street, Tyne And Wear DH3 2JJ	£1,000	75	2	Terraced House
£158K	12/22	0.6 mi	36, Leander Avenue, Chester Le Street, County Durham DH3 4BH	-	-	2	Terraced House
£140K	01/21	0.68 mi	8, Hampton Court, Chester Le Street, County Durham DH3 4BG	-	-	2	Semi-Detached House
£362.5K	11/20	0.68 mi	1, Graylands, High Rickleton, Washington, Tyne And Wear NE38 9HF	£2,746	132	2	Terraced House
£290K	09/23	0.72 mi	17, Lambton Court, High Rickleton, Washington, Tyne And Wear NE38 9HE	£4,531	64	2	Semi-Detached House
£140K	05/21	0.76 mi	42, Crake Way, Washington, Tyne And Wear NE38 0DR	£2,154	65	2	Semi-Detached House
£121K	02/23	0.76 mi	26, Crake Way, Washington, Tyne And Wear NE38 0DR	£1,891	64	2	Detached House
£220K	10/20	0.8 mi	63, Kingsmere, Chester Le Street, County Durham DH3 4DD	£3,607	61	2	Semi-Detached House
£199.9K	09/21	0.8 mi	47, Kingsmere, Chester Le Street, County Durham DH3 4DD	£3,333	60	2	Semi-Detached House
£138K	10/20	0.8 mi	47, Kingsmere, Chester Le Street, County Durham DH3 4DD	£2,300	60	2	Semi-Detached House
£250K	12/22	0.81 mi	7, Queensmere, Chester Le Street, County Durham DH3 4DA	-	-	2	Semi-Detached House
£129.4K	10/20	0.82 mi	16, Turnstone Drive, Washington, Tyne And Wear NE38 0DB	£2,615	50	2	Semi-Detached House
£225K	04/21	0.86 mi	11, Kittiwake Drive, Washington, Tyne And Wear NE38 0DW	£2,206	102	2	Detached House
£85K	11/20	0.87 mi	12, New South Terrace, Birtley, Chester Le Street, Tyne And Wear DH3 1AF	£1,090	78	2	Semi-Detached House
£140K	05/23	0.91 mi	11, Wheatear Close, Washington, Tyne And Wear NE38 0DH	£2,800	50	2	Semi-Detached House
£85K	12/22	0.92 mi	17, Morris Street, Birtley, Chester Le Street, Tyne And Wear DH3 1DU	£1,149	74	2	Terraced House
£120K	08/23	0.93 mi	28, Lapwing Close, Washington, Tyne And Wear NE38 0ET	-	-	2	Semi-Detached House
£150K	12/22	0.93 mi	3, Lapwing Close, Washington, Tyne And Wear NE38 0ET	£2,174	69	2	Semi-Detached House
£112K	10/22	0.93 mi	13, Wigeon Close, Washington, Tyne And Wear NE38 0EQ	-	-	2	Terraced House
£220K	08/24	0.94 mi	7, Mallard Close, Washington, Tyne And Wear NE38 0ER	-	-	2	Bungalow
£118.5K	03/23	0.94 mi	5, Mallard Close, Washington, Tyne And Wear NE38 0ER	£2,418	49	2	Semi-Detached House
£140K	01/21	0.94 mi	13, Mallard Close, Washington, Tyne And Wear NE38 0ER	£1,972	71	2	Semi-Detached House
£42K	10/20	0.95 mi	22, Queen Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ED	£627	67	2	Terraced House
£81K	02/23	0.95 mi	17, Jones Street, Birtley, Chester Le Street, Tyne And Wear DH3 1DZ	£779	104	2	Terraced House
£190K	12/20	0.96 mi	7, Low Flatts Road, Chester Le Street, Durham DH3 4AL	£2,289	83	2	Semi-Detached House
£61.8K	03/23	0.96 mi	42, Queen Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ED	£950	65	2	Terraced House
£102K	01/23	0.97 mi	15, Ravensworth Road, Birtley, Chester Le Street, Tyne And Wear DH3 1EE	£1,457	70	2	Terraced House
£74K	02/23	0.97 mi	55, King Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EF	£1,138	65	2	Terraced House
£75K	05/21	0.98 mi	6, May Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EU	£1,180	64	2	Terraced House
£250K	01/23	0.99 mi	16, Glenholme Close, Washington, Tyne And Wear NE38 0EW	-	-	2	Detached House
£235K	08/23	0.99 mi	5, Glenholme Close, Washington, Tyne And Wear NE38 0EW	-	-	2	Detached House
£95K	07/21	1 mi	67, Mitchell Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EQ	£880	108	2	Terraced House

Local Rents

13 rents from £500/mo to £800/mo, average is £695/mo.

Rent	Date	Distance	Address	Beds	Type
£650	12/24	0.04 mi	Dorset Avenue, Birtley, Chester Le Street, County Durham, DH3	2	Detached House
£750	12/24	0.08 mi	Renfrew Place, Birtley	2	Detached House
£725	12/24	0.12 mi	Laxford, Birtley, Chester Le Street	2	Flat
£550	12/24	0.17 mi	York Road, Birtley, Chester Le Street	2	Terraced House
£650	12/24	0.48 mi	Portobello Terrace, Birtley, Chester Le Street, Chester Le Street, DH3 2JS	2	Terraced House
£550	06/24	0.92 mi	-	2	Flat
£750	12/24	0.92 mi	-	2	Semi-Detached House
£800	04/25	0.92 mi	-	2	Semi-Detached House
£600	07/24	0.96 mi	-	2	Terraced House
£500	12/24	1.02 mi	Mitchell Street, Birtley, Chester Le Street, County Durham, DH3	2	Flat
£695	12/24	1.06 mi	-	2	Terraced House
£760	04/25	1.15 mi	-	2	Semi-Detached House
£700	12/24	1.22 mi	Helvellyn Avenue, Lambton	2	House

Local Area Statistics

Population in DH3	25,79725,797
Population in Chester-le-Street	56,37756,377
Town centre distance	1.89 miles away1.89 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	2.04 miles away2.04 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 £70,000

February 20, 2025

Price changed to £80,000

January 31, 2025

Listed for £85,000

October 11, 2024

Sold for £32,950

2000

Description

Situated within Birtley, this end-terraced house offers great potential and ready for improvement. The property boasts a corner plot with gardens to front and side. The layout offers a spacious lounge and a functional dining kitchen. To the first floor you will find two double bedrooms and a family bathroom.
With some finishing off this property would be ideal for first time buyers or investors. Ideally placed for all the local amenities within Birtley including shops, restaurants supermarkets and schools. There are great transport links will connect to further afield including Team Valley Trading Estate, Gateshead, Newcastle and Durham. Great opportunity viewing recommended.
AGENTS NOTES:- LOFT AREA
The property has been subject to alterations to the loft area. This is likely to have been subject to planning approval and building regulations We have been advised by the vendor that that these were not obtained. We would advise all buyers make their own enquiries prior to financial commitment to purchase.

Living Room- 13,11 x 12,5
Kitchen- 20,2 x 11,0
Bedroom 1- 13,1 x 12,6
Ensuite- 7,8 x8,5
Bedroom 2- 11,5 x 12,5
Bathroom- 7,4 x 9,5
Loft Conversion- 14,7 x 20,0

Agent Details

Bridgfords, Washington

0191 625 0984

Next Steps?

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

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2 Bed Terraced House, Single Let, Chester-le-Street, DH3 2DJ, £70,000

ValuationUndervalued

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Cashflows

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