3 Bed Semi-Detached House, Refurb/BRRR, Chester-le-Street, DH3 3RT, £140,500

31 Broadway, Chester Le Street, Durham, DH3 3RT - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£70K - £450K
Sold Prices/m²£972/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£125,288

 

 

End Value (After Refurb)

£187,681

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,125

Stamp Duty & Legal Fees

£5,415

Refurb Costs

£35,600

Bridging Loan Interest

£3,688

Total Cash In

£81,578

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£187,681

Mortgage (After Refinance)

£140,761

Mortgage LTV

75%

Cash Released

£35,386

Cash Left In

£46,193

Equity

£46,920

Rent Range

£595 - £3,300

Rent Estimate

£825

Running Costs/mo

£772

Cashflow/mo

£53

Cashflow/yr

£642

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £70K to £450K, average is £144.8K. £972/m² to £4.1K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£201K06/210.05 mi26, Tudor Road, Chester Le Street, Durham DH3 3RY3
£144.5K04/210.06 mi29, Atkinson Road, Chester Le Street, Durham DH3 3RU3
£189K11/210.06 mi17, Broadway, Chester Le Street, Durham DH3 3RT3
£275K11/200.07 mi37, Newcastle Road, Chester Le Street, County Durham DH3 3TZ3
£240K04/210.12 mi4, Springfield Gardens, Chester Le Street, County Durham DH3 3UQ3
£380K12/220.12 mi127, Park Road North, Chester Le Street, County Durham DH3 3SB3
£217K12/220.15 mi138, Highfield Rise, Chester Le Street, County Durham DH3 3UY3
£375K06/210.15 mi58, Park Road North, Chester Le Street, Durham DH3 3SD3
£195K10/210.15 mi36, Highfield Rise, Chester Le Street, Durham DH3 3UX3
£220K02/210.15 mi28, Highfield Rise, Chester Le Street, Durham DH3 3UX3
£126.5K01/210.15 mi68, Highfield Rise, Chester Le Street, Durham DH3 3UX3
£162K02/230.15 mi46, Highfield Rise, Chester Le Street, County Durham DH3 3UX3
£250K11/220.21 mi11, Rickleton Avenue, Chester Le Street, County Durham DH3 4AE3
£265K11/200.22 mi32, Rickleton Avenue, Chester Le Street, County Durham DH3 4AE3
£100K11/200.22 mi35, Northlands, Chester Le Street, County Durham DH3 3UN3
£104K03/210.22 mi47, Northlands, Chester Le Street, Durham DH3 3UN3
£249.9K07/230.22 mi7, Shields Road, Chester Le Street, County Durham DH3 4AA3
£100K06/230.23 mi41, Northlands, Chester Le Street, County Durham DH3 3UN3
£125K07/210.23 mi1, Northlands, Chester Le Street, County Durham DH3 3UN3
£150K07/230.25 mi12, Conyers Road, Chester Le Street, County Durham DH2 2HD3
£194K02/210.26 mi1, Cherry Banks, Chester Le Street, County Durham DH3 4AX3
£450K12/200.26 mi27, Blind Lane, Chester Le Street, County Durham DH3 4AF3
£134K10/200.26 mi19, Pelaw Road, Chester Le Street, Durham DH2 2HF3
£160K03/210.27 mi3, Picktree Terrace, Chester Le Street, Durham DH3 3ST3
£92K01/230.28 mi9, Prospect Terrace, Chester Le Street, County Durham DH3 3TN3
£113K02/230.28 mi74, Pelaw Road, Chester Le Street, County Durham DH2 2HG3
£86K01/210.31 mi33, Pelaw Avenue, Chester Le Street, Durham DH2 2HJ3
£115K04/210.33 mi48, Conyers Road, Chester Le Street, County Durham DH2 2HE3
£84K01/210.34 mi15, Pelaw Square, Chester Le Street, County Durham DH2 2HB3
£70K11/200.34 mi47, Pelaw Square, Chester Le Street, County Durham DH2 2HB3
£105K12/200.35 mi41, South Street, Chester Le Street, County Durham DH2 2JG3
£105K02/210.35 mi30, South Street, Chester Le Street, Durham DH2 2JG3
£145K07/210.35 mi38, Conyers Avenue, Chester Le Street, Durham DH2 2HH3
£233K10/210.38 mi18, North Road, Chester Le Street, County Durham DH3 4AH3
£245K01/210.38 mi8, North Road, Chester Le Street, Durham DH3 4AH3
£77K10/200.39 mi36, Pelaw Crescent, Chester Le Street, Durham DH2 2HU3
£116K03/230.41 mi20, Glenroy Gardens, Chester Le Street, County Durham DH2 2JH3
£145K04/230.42 mi14, Conyers Gardens, Chester Le Street, County Durham DH2 2HW3
£136K10/210.43 mi33, Park View, Chester Le Street, County Durham DH2 2JW3
£115K02/230.43 mi35, Park View, Chester Le Street, County Durham DH2 2JW3
£90K02/210.43 mi35, Park View, Chester Le Street, County Durham DH2 2JW3
£150K05/210.52 mi107, Hilda Park, Chester Le Street, County Durham DH2 2JS3
£127K03/230.52 mi76, Pelaw Crescent, Chester Le Street, County Durham DH2 2HX3
£147.5K01/230.53 mi2, Beechwoods, Chester Le Street, County Durham DH2 2HR3
£110K02/210.54 mi20, Alpine Court, Chester Le Street, Durham DH2 2UE3
£90K03/210.58 mi31, Twelfth Avenue, Chester Le Street, Durham DH2 2BW3
£90K08/230.58 mi19, Twelfth Avenue, Chester Le Street, County Durham DH2 2BW3
£172K05/210.6 mi144, Elmway, Chester Le Street, County Durham DH2 2LQ3
£88K08/210.61 mi23, Seventh Avenue, Chester Le Street, County Durham DH2 2BP3
£249K10/200.65 mi196, Hilda Park, Chester Le Street, County Durham DH2 2JX3

Local Rents

20 rents from £595/mo to £3.3K/mo, average is £810/mo.

RentDateDistanceAddressBeds 
£1,12503/250.07 mi-3
£82512/240.18 miHighfield Rise, Chester Le Street, Co Durham, DH33
£69512/240.29 miProspect Terrace, Chester Le Street3
£59512/240.41 miCooperative Street, Chester Le Street3
£67512/240.62 mi-3
£3,30003/250.75 mi-3
£1,05012/240.77 mi-3
£80012/240.78 mi-3
£80004/250.8 mi-3
£82002/250.86 mi-3
£80012/240.87 mi-3
£67512/240.94 miWynyard, Chester Le Street, Durham, DH23
£82501/250.97 mi-3
£85012/240.97 mi-3
£99512/240.98 mi-3
£99512/240.98 miSecond Avenue, Chester Le Street, DH23
£80006/241 mi-3
£70002/241.06 mi-3
£72512/241.23 miSuffolk Place, Birtley, Chester Le Street, County Durham, DH33
£1,20005/241.24 miHarthope Close, Rickleton, Washington3

Local Area Statistics

Population in DH3

25,797

Population in Chester-le-Street

56,377

Town centre distance

0.61 miles away

Nearest school

0.50 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £140,500

October 24, 2024

Sold for £59,950

1997

Floor Plans

Description

  • Desirable Location +
  • 3 Bedroom Semi-Detached +
  • Garage + Large Drive +
  • 2 Reception Rooms +
  • Needs Modernising +
  • Chain Free +
  • Tenure: Freehold +
  • Council Tax Band: C +
  • EPC In Progress +

DESIRABLE LOCATION / MODERNISATION REQUIRED / CHAIN FREE - We welcome to the market this 3 bedroom semi-detached with garage and drive, located on the highly sought-after Broadway in Chester-le-Street. The property has an excellent position within walking distance of the town centre's many amenities and access to numerous transport links including regional and national rail, as well as being a short drive from the A167 and A1. In need of some modernising, the property offers a spacious lounge and separate dining room, kitchen, WC, entrance porch and hallway to the ground floor while the first floor is home to 3 bedrooms and a shower room. The attached garage has an electric roller shutter to the front, access at the rear and internal access from the house.  The front exterior offers a spacious block paved drive for several vehicles as well as a garden while to the rear is a private gravelled garden. Tenure: Freehold Council Tax Band: C EPC in progress Room Descriptions Porch Enter via a UPVC door into a small carpeted porch with a front-facing UPVC double glazed window and internal side-facing single glazed window looking into the lounge. Internal UPVC door leading to the hallway. Hallway Carpeted hallway with access to a lounge, dining room, built-in cupboard and carpeted staircase to the first floor. Side-facing UPVC double glazed window looking into the garage. Wall mounted radiator. Lounge 19'1 x 9' (5.82m x 2.74m) Carpeted lounge with a large front-facing UPVC double glazed window. Fitted storage units. Electric fireplace. Wall mounted radiator. Double French doors leading to the dining room. Dining Room 7'9 x 14' (2.40m x 4.26m) Carpeted dining room with rear-facing aluminium framed sliding patio doors. Wall mounted radiator. Access to the kitchen and rear lobby for the WC and rear access to the garage. Kitchen 7'9 x 7'4 (2.40m x 2.25m) Vinyl flooring, range of base and wall fitted units with work surfaces and tiled splashback. Space for a freestanding cooker and fridge/freezer, plumbing for a washing machine. Fitted extractor. Stainless steel one-and-a-half sink with mixer tap below a rear-facing UPVC double glazed window. WC Carpeted WC with access to a toilet. First Floor Landing Carpeted landing with access to 3 bedrooms, a shower room, built-in cupboard and loft hatch. Side-facing UPVC double glazed window. Bedroom One 12'5 x 8'8 (3.81m x 2.68m) Vinyl flooring with a front-facing UPVC double glazed window and wall mounted radiator. Bedroom Two 9'5 x 10' (2.89m x 3.04m) Rear-facing UPVC double glazed window. Fitted wardrobes and wall mounted radiator. Bedroom Three 9'1 x 6'7 (2.77m x 2.04m) Front-facing UPVC double glazed window and wall mounted radiator. Shower Room 7'8 x 7'3 (2.37m x 2.22m) Vinyl flooring and full-height cladding splashback, access to a toilet, wash basin and walk-in shower unit with an electrical shower. Garage 22'4 x 8'4 (6.82m x 2.56m) Electric roller shutter door, power and lighting supplied, rear-facing UPVC double glazed window and door. Exterior To the front is a large block paved drive and garden while to the rear is a private gravelled garden.

Agent Details

Copeland Residential, Chester Le Street

0191 625 0991

Next Steps?

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