2 Bed Flat, Single Let, DH9 6UL, £50,000

Aberfoyle Court, Stanley, County Durham, DH9 6UL - 6 months ago

Sold STC
Leasehold
BTL
ROI: 18%
~50 m²
+8 photos

ValuationUndervalued

Sold Prices£25K - £100K
Sold Prices/m²£932/m² - £2K/m²

 

 

Square Metres

~49.70 m²
Price/m²£1K/m²

Value Estimate

£61,140
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£420 - £900

Rent Estimate

£519

Running Costs/mo

£280

Cashflow/mo

£239

Cashflow/yr

£2,867

ROI

18%

Gross Yield

12%

Local Sold Prices

20 sold prices from £25K to £100K, average is £69K. £932/m² to £2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£64K09/210.01 mi12, Aberfoyle Court, Stanley, County Durham DH9 6UL2
£35K12/200.02 mi18, Aberfoyle Court, Stanley, Durham DH9 6UL2
£72K06/220.13 mi21, Elgin Grove, Stanley, County Durham DH9 6UP2
£75K06/220.51 mi17, The Beeches, Stanley, County Durham DH9 0PX2
£70K02/220.51 mi12, The Beeches, Stanley, County Durham DH9 0PX2
£67.5K01/220.51 mi3, The Beeches, Stanley, Durham DH9 0PX2
£25K09/220.87 mi2, Blooms Avenue, Stanley, County Durham DH9 8AE2
£80K12/211.25 mi176a, Park Road, Stanley, County Durham DH9 7AJ2
£82K01/211.5 mi17, Edencroft, West Pelton, Stanley, Durham DH9 6SF2
£100K10/221.5 mi5, Edencroft, West Pelton, Stanley, County Durham DH9 6SF2
£68K08/222.78 mi28, Middleham Close, Ouston, Chester Le Street, County Durham DH2 1TA2
£70K01/212.8 mi67, Middleham Close, Ouston, Chester Le Street, Durham DH2 1TB2
£67.5K11/202.8 mi60, Middleham Close, Ouston, Chester Le Street, Durham DH2 1TB2
£58K05/222.81 mi23, Middleham Close, Ouston, Chester Le Street, County Durham DH2 1TA2
£63K12/202.82 mi21, Middleham Close, Ouston, Chester Le Street, Durham DH2 1TA2
£77.5K10/222.82 mi17, Middleham Close, Ouston, Chester Le Street, County Durham DH2 1TA2
£67K09/212.83 mi49, Wensley Close, Ouston, Chester Le Street, Durham DH2 1SD2
£85K05/232.86 mi71, Bradley Close, Ouston, Chester Le Street, County Durham DH2 1TJ2
£70K12/222.86 mi75, Bradley Close, Ouston, Chester Le Street, County Durham DH2 1TJ2
£60K12/202.88 mi84, Wensley Close, Ouston, Chester Le Street, Durham DH2 1SE2

Local Rents

15 rents from £420/mo to £900/mo, average is £575/mo.

RentDateDistanceAddressBeds 
£65004/250.6 mi-2
£59512/240.6 miBelle Street, Stanley, DH92
£57512/240.63 miChurch Street, Stanley, County Durham, DH92
£52512/240.68 mi-2
£50012/240.69 mi-2
£55012/240.7 miSylvia Terrace, Stanley2
£57512/240.79 miWear Road, Stanley, County Durham, DH92
£67512/240.92 miKielder Drive, The Middles, Stanley, County Durham, DH92
£59512/240.96 miHollyhill Gardens, Stanley, DH92
£60012/241 miOrwell Gardens, Stanley, Durham, DH92
£90001/251.12 mi-2
£87509/231.12 mi-2
£55012/241.22 miBircham Street, South Moor, Stanley, DH92
£42012/241.23 miPark Road, Stanley, County Durham, DH92
£55012/241.24 miOliver Street, Stanley, Durham, DH9 7AQ2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

4.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £50,000

November 1, 2024

Floor Plans

Description

Sylvester Properties are delighted to welcome to the sales market this immaculately presented two bedroom first floor flat located on the highly sought after estate of Aberfoyle Court, within East Stanley. This property comprises of a lounge, kitchen, bathroom and two bedrooms. There are shared gardens to the front and back as well as an allocated single garage with this flat.

Lounge
The lounge is neutrally decorated with clean white walls, beige carpets and a blue feature wall. This well proportioned reception room comes complete with a centrally heated radiator, double glazed window and various electrical points.

Kitchen
The kitchen benefits from a combination of grey wall and base units with granite effect work benches. This kitchen is complete with an integrated oven, four ringed hob, white sink and plumbing suitable for a washing machine. Decorated with green walls, grey tiled splash back and neutral flooring.

Master Bedroom
The spacious master bedroom can house a double bed with ease, alongside various other bedroom furnishings. Decorated in a neutral taste, with oak effect laminate flooring, white walls and a green feature wall.

Bedroom Two
Bedroom two serves ideal use as a single bedroom, or as an at home office or dressing room if two bedrooms are not desired. Decorated with tones of white and oak, allowing for easy adaptation into your chosen space.

Bathroom
The bathroom contains a three piece white suite comprising of a WC, wash basin and bath with overhead shower. Decorated with grey oak effect vinyl flooring and tiled walls.

External
Externally, there is a single garage to the rear of this property, as well a rear garden.

Leasehold – 48 Years Remaining
Due to the short length of lease remaining on this property, if you intend on purchasing with a mortgage please discuss this with your mortgage provider before enquiring with Sylvester Properties.

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

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