3 Bed Terraced House, Single Let, DH9 7HE, £55,000

Third Street, Quaking Houses, Stanley, County Durham, DH9 7HE - 6 months ago

BTL
ROI: 17%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£33K - £192.4K
Sold Prices/m²£495/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£591/m²

Value Estimate

£68,200
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Total Cash In

£17,700

 

 

Cash Out

 

Rent Range

£550 - £1,795

Rent Estimate

£556

Running Costs/mo

£303

Cashflow/mo

£253

Cashflow/yr

£3,035

ROI

17%

Gross Yield

12%

Local Sold Prices

26 sold prices from £33K to £192.4K, average is £81K. £495/m² to £2K/m², average is £785/m².

PriceDateDistanceAddressBeds 
£65.5K12/200.05 mi44, Third Street, Quaking Houses, Stanley, Durham DH9 7HA3
£33K11/200.05 mi11, Third Street, Quaking Houses, Stanley, County Durham DH9 7HA3
£78.5K12/220.1 mi76, Fourth Street, Quaking Houses, Stanley, County Durham DH9 7HD3
£57.8K07/230.44 mi36, Lime Street, South Moor, Stanley, County Durham DH9 7EJ3
£125K03/210.54 mi9, Holyoake, South Moor, Stanley, Durham DH9 7BU3
£55K08/230.55 mi23, Mitchell Street, South Moor, Stanley, County Durham DH9 7BE3
£66K04/230.57 mi43, Mitchell Street, South Moor, Stanley, County Durham DH9 7BQ3
£65K06/230.6 mi23, Parmeter Street, South Moor, Stanley, County Durham DH9 7AR3
£50K11/210.68 mi12, Oliver Street, Stanley, Durham DH9 7AQ3
£80K02/230.69 mi9, Rydal Avenue, Stanley, County Durham DH9 7QR3
£75K02/210.69 mi26, Keswick Road, Stanley, Durham DH9 7QS3
£71K01/230.73 mi114, Park Road, Stanley, County Durham DH9 7BL3
£55K01/230.73 mi161, Park Road, Stanley, County Durham DH9 7QE3
£87K03/230.76 mi31, Windermere Terrace, Stanley, County Durham DH9 7QX3
£96K12/220.8 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£130K11/220.82 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£115K12/220.85 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£121.8K12/200.88 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£87K02/210.89 mi20, North Terrace, Stanley, Durham DH9 7LD3
£148K10/200.9 mi14, Kielder Drive, The Middles, Stanley, County Durham DH9 6AQ3
£64.5K01/210.91 mi130, Westfields, Stanley, County Durham DH9 7DG3
£82K04/210.92 mi29, South View, Annfield Plain, Stanley, Durham DH9 7UB3
£115K05/230.93 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£95K02/230.94 mi1, Palmer Street, Stanley, County Durham DH9 7RD3
£127.5K03/230.94 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£192.4K03/210.99 mi52a, Joicey Terrace, Stanley, County Durham DH9 7LS3

Local Rents

21 rents from £550/mo to £1.8K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£60012/240.7 mi-3
£60003/250.7 mi-3
£62503/250.72 mi-3
£67511/240.77 mi-3
£1,79503/250.78 mi-3
£75002/250.84 mi-3
£62507/240.85 mi-3
£65003/250.91 mi-3
£62512/240.94 miSouth View, Annfield Plain, Stanley3
£95012/241.02 mi-3
£75012/241.08 mi-3
£75012/241.08 mi-3
£70012/241.08 mi-3
£80012/241.08 mi-3
£80011/241.08 mi-3
£1,00002/251.08 mi-3
£1,00010/241.08 mi-3
£80003/251.08 mi-3
£80003/251.08 mi-3
£55012/241.09 miGreylingstadt Terrace, Stanley3
£55012/241.1 miSpen Street, Stanley, Durham, DH93

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

5.22 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 £55,000

March 20, 2025

Listed for £60,000

October 18, 2024

Description

Sylvester Properties are delighted to welcome to the sales market this three-bedroom property located in Quaking Houses, a perfect opportunity for those looking to create their ideal family home or next investment opportunity.

Although it requires some work, this spacious residence offers a fantastic canvas for customization. The floorplan briefly compromises of an entrance hallway, lounge, dining room, kitchen, WC, three bedrooms and a bathroom.

Hallway
As you enter, you are greeted by a large hallway that sets the tone for the generous living spaces throughout.

Lounge
The lounge, located at the front of the property, serves as a spacious family room, perfect for relaxing or entertaining guests.

Dining Room
The sizable dining room features a built-in understairs storage cupboard, providing practicality and convenience for family gatherings.

Kitchen
The kitchen is equipped with a range of wall and base units, complemented by a stylish marble effect splashback and a functional sink.

Rear Lobby
A rear lobby leads to useful outhouse storage, along with a WC.

Bedrooms
The large master bedroom, which houses the boiler, is a blank canvas awaiting your personal touch.

Two additional double bedrooms and a single bedroom offer ample space for family or guests, all ready for you to put your unique stamp on.

Bathroom
The bathroom is equipped with a classic white bath and hand basin.

External
To the front, you'll find a large garden, while there is an enclosed yard to the rear.

Don’t miss out on this fantastic project opportunity in Quaking Houses—transform this property into your family home or next investment!

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

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