2 Bed Terraced House, Cash/Bridging Only, Chester-le-Street, DH2 1PY, £100,000

South View, High Hold, Chester le Street, DH2 1PY - 2 views - 6 months ago

Sold STC
Cash
ROI: 3%
~69 m²
+12 photos

ValuationOvervalued

Sold Prices£32K - £443K
Sold Prices/m²£489/m² - £3.6K/m²

 

 

Square Metres

~68.79 m²
Price/m²£1.5K/m²

Value Estimate

£87,625

 

 

End Value (After Refurb)

£84,197

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£26,417

Bridging Loan Interest

£2,625

Total Cash In

£61,992

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£84,197

Mortgage (After Refinance)

£63,147

Mortgage LTV

75%

Cash Left In

£61,992

Equity

£21,049

Rent Range

£400 - £900

Rent Estimate

£557

Running Costs/mo

£395

Cashflow/mo

£162

Cashflow/yr

£1,950

ROI

3%

Gross Yield

7%

Local Sold Prices

30 sold prices from £32K to £443K, average is £90K. £489/m² to £3.6K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£80K12/220.06 mi4, Eppleton Terrace, High Hold, Chester Le Street, County Durham DH2 1PS2
£90K11/200.2 mi11, Laurel Crescent, Pelton, Chester Le Street, County Durham DH2 1PL2
£88K12/200.38 mi69a, Twizell Lane, West Pelton, Stanley, County Durham DH9 6SQ2
£94K04/230.4 mi23, Plantation View, West Pelton, Stanley, County Durham DH9 6SW2
£63K04/210.53 mi13, Holyoake Street, Pelton, Chester Le Street, Durham DH2 1NU2
£68K12/200.56 mi3, Provident Street, Pelton, Chester Le Street, County Durham DH2 1NS2
£360K12/200.58 mi9, Abbots Walk, Beamish, Stanley, Durham DH9 0SL2
£443K02/230.58 mi9, Abbots Walk, Beamish, Stanley, County Durham DH9 0SL2
£165K11/210.63 mi16, Woodside, Beamish, Stanley, Durham DH9 0QY2
£40K06/230.64 mi10, Albert Street, Grange Villa, Chester Le Street, County Durham DH2 3LR2
£50K04/210.65 mi62, Queen Street, Grange Villa, Chester Le Street, Durham DH2 3LT2
£42K03/230.65 mi26, Queen Street, Grange Villa, Chester Le Street, County Durham DH2 3LT2
£32K12/200.65 mi49, Queen Street, Grange Villa, Chester Le Street, Durham DH2 3LU2
£38K07/210.65 mi39, Queen Street, Grange Villa, Chester Le Street, County Durham DH2 3LU2
£84K05/210.65 mi130, Thorntons Close, Pelton, Chester Le Street, Durham DH2 1QL2
£204K07/230.65 mi36, Heathmeads, Pelton, Chester Le Street, County Durham DH2 1NA2
£38.5K05/210.68 mi57, Pine Street, Grange Villa, Chester Le Street, Durham DH2 3LY2
£46K11/220.68 mi40, Pine Street, Grange Villa, Chester Le Street, County Durham DH2 3LX2
£190K06/230.71 mi3, Station Cottages, Beamish, Stanley, County Durham DH9 0QZ2
£160K12/220.73 mi140, Thorntons Close, Pelton, Chester Le Street, County Durham DH2 1QJ2
£95K11/210.79 mi64, Thorntons Close, Pelton, Chester Le Street, Durham DH2 1QH2
£89K02/210.79 mi87, Thorntons Close, Pelton, Chester Le Street, Durham DH2 1QH2
£135K05/210.79 mi179, Thorntons Close, Pelton, Chester Le Street, County Durham DH2 1QH2
£133.5K02/230.79 mi78, Thorntons Close, Pelton, Chester Le Street, County Durham DH2 1QH2
£90K04/210.82 mi18, Thorntons Close, Pelton, Chester Le Street, Durham DH2 1QQ2
£105K03/230.83 mi21, Kensington Way, Newfield, Chester Le Street, County Durham DH2 2BF2
£98.5K01/230.88 mi12, Fairfield, Pelton, Chester Le Street, County Durham DH2 1DN2
£112K06/230.88 mi23, Mossway, Pelton, Chester Le Street, County Durham DH2 1DL2
£90K12/200.91 mi31, Sandyford, Pelton, Chester Le Street, County Durham DH2 1DQ2
£90.5K05/210.99 mi15, Ivyway, Pelton, Chester Le Street, Durham DH2 1DR2

Local Rents

33 rents from £400/mo to £900/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£59008/230.15 mi-2
£50012/240.38 mi-2
£60001/250.51 mi-2
£55012/240.52 mi-2
£55002/240.52 mi-2
£45012/240.59 mi-2
£45012/240.61 miPine Street, Grange Villa, Chester Le Street2
£45003/250.61 mi-2
£42504/240.61 mi-2
£50003/250.63 mi-2
£55001/250.63 mi-2
£55004/250.63 mi-2
£55004/250.63 mi-2
£51503/250.63 mi-2
£42512/240.63 mi-2
£42512/240.63 mi-2
£40002/240.64 mi-2
£45012/240.64 mi-2
£55001/250.64 mi-2
£55001/250.65 mi-2
£51512/240.67 mi-2
£60012/240.68 miThorntons Close, Pelton, DH22
£87509/230.71 mi-2
£90001/250.71 mi-2
£52512/241.05 miHylton Terrace, Chester Le Street2
£62512/241.05 miHylton Terrace, Pelton, Chester Le Street, Durham, DH22
£67512/241.06 mi7 Wood Street, Pelton, Chester le Street2
£60012/241.06 mi-2
£55001/251.06 mi-2
£60012/241.08 mi-2
£65004/251.18 mi-2
£59512/241.23 mi-2
£62501/251.23 mi-2

Local Area Statistics

Population in DH2

30,579

Population in Chester-le-Street

56,377

Town centre distance

2.25 miles away

Nearest school

0.40 miles away

Nearest train station

2.58 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £100,000

October 21, 2024

Floor Plans

Description

  • Mid Terraced Home +
  • Two Bedrooms +
  • Private Front Yard & Rear Garden +
  • Two Bathrooms +
  • Recently Refurbished +
  • No Onward Chain +
  • Ideal First Time Buy or Investment +
  • Semi Rural Location +

Jan Mitchell Properties are delighted to welcome to the market this recently updated charming two bedroom mid-terrace house, situated in a highly sought-after area. Ideal for first-time buyers and investors alike, the property boasts welcoming atmosphere and it stands ready for new owners to move right in.

The property which benefits no onward chain briefly comprises:- Entrance hall, stylish ground floor four piece bathroom suite, modern kitchen with fitted wall and floor units, and sizeable lounge with feature fireplace. To the first floor, there is a handy shower room consisting of shower cubicle and WC which incorporates a sink, and two double bedrooms.

Externally, there is a private yard to the front which could be amended to provide off street parking if desired. To the rear, there is a lovely south facing garden with lawned and patio areas. An ideal space for entertaining during those long summer nights.

Location
High Hold is conveniently located near Beamish, just off the A693. Its proximity to the scenic countryside offers a peaceful setting, while being only a short drive from the town centres of Chester-le-Street and Stanley, where a wide range of shops, schools, and amenities are available. The area also boasts nearby forest walks in Beamish Woods, with easy access to Beamish Museum and local pubs and restaurants. Additionally, the A1(M) interchange at Chester-le-Street offers excellent links to major regional hubs, making the village an ideal location for commuting across the region.

Measurements
Lounge - 5.35 x 4.72
Kitchen - 2.81 x 3.22
Bedroom One - 2.74 x 3.53
Bedroom Two - 2.51 x 3.53

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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