2 Bed Terraced House, Cash/Bridging Only, DH9 6JJ, £55,000

Tweed Terrace, Stanley, Co. Durham, DH9 6JJ - 6 months ago

Sold STC
Cash
ROI: 5%
~70 m²

ValuationFair Value

Sold Prices£24.5K - £115K
Sold Prices/m²£340/m² - £2.4K/m²

 

 

Square Metres

~69.80 m²
Price/m²£788/m²

Value Estimate

£56,100

 

 

End Value (After Refurb)

£67,747

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Refurb Costs

£26,923

Bridging Loan Interest

£1,444

Total Cash In

£47,817

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£67,747

Mortgage (After Refinance)

£50,810

Mortgage LTV

75%

Cash Released

£9,560

Cash Left In

£38,256

Equity

£16,937

Rent Range

£420 - £675

Rent Estimate

£536

Running Costs/mo

£339

Cashflow/mo

£197

Cashflow/yr

£2,365

ROI

5%

Gross Yield

12%

Local Sold Prices

50 sold prices from £24.5K to £115K, average is £63K. £340/m² to £2.4K/m², average is £814/m².

PriceDateDistanceAddressBeds 
£72K11/210.03 mi33, Tyne Road East, Stanley, Durham DH9 6NF2
£48.3K12/200.11 mi26, Tweed Terrace, Stanley, Durham DH9 6JN2
£86K03/230.11 mi24, Tweed Terrace, Stanley, County Durham DH9 6JN2
£83K11/200.12 mi26, Wansbeck Avenue, Stanley, Durham DH9 6HY2
£50K11/200.13 mi24, Joseph Street, Stanley, Durham DH9 7NS2
£72.5K06/230.13 mi2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ2
£70K08/210.13 mi1, Joseph Street, Stanley, Durham DH9 7NS2
£77.5K06/230.13 mi5, Joseph Street, Stanley, County Durham DH9 7NS2
£78K12/200.13 mi27, Wansbeck Avenue, Stanley, County Durham DH9 6HS2
£97.5K11/220.16 mi14, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£83K11/210.16 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£75K11/200.16 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£98K01/230.16 mi39, Orwell Gardens, Stanley, County Durham DH9 6QA2
£68K02/230.17 mi8, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£63K12/220.22 mi2, Garden Terrace, Stanley, County Durham DH9 7NP2
£70K02/230.23 mi53, Wear Road, Stanley, County Durham DH9 6HL2
£66K02/210.23 mi51, Wear Road, Stanley, County Durham DH9 6HL2
£73.5K02/230.24 mi79, Eastfields, Stanley, County Durham DH9 7DN2
£62K01/210.24 mi89, Eastfields, Stanley, Durham DH9 7DN2
£60K03/210.24 mi29, Waveney Gardens, Stanley, Durham DH9 7NG2
£35K11/200.24 mi10, Spen Street, Stanley, Durham DH9 7NJ2
£63.5K01/230.24 mi44, Spen Street, Stanley, County Durham DH9 7NJ2
£55K02/210.25 mi13, Coquet Gardens, Stanley, Durham DH9 7PN2
£63K03/230.26 mi82, Eastfields, Stanley, County Durham DH9 7DN2
£87.5K04/230.29 mi20, Constable Close, Stanley, County Durham DH9 6TE2
£65K08/210.31 mi3, South Field Court, South Stanley, Stanley, County Durham DH9 7BX2
£53K07/210.31 mi57, Southfields, Stanley, County Durham DH9 7PG2
£71.5K03/210.35 mi4, Engels Terrace, Stanley, County Durham DH9 6QG2
£77K06/210.36 mi48, Southfields, Stanley, Durham DH9 7PQ2
£55K03/230.37 mi6, Bircham Street, Stanley, County Durham DH9 7AE2
£49K01/210.39 mi19, Standish Street, Stanley, County Durham DH9 7AD2
£62.5K11/200.39 mi11, Walton Close, Stanley, Durham DH9 6TH2
£81.8K02/230.41 mi9, Evelyn Terrace, Stanley, County Durham DH9 7RN2
£64K05/230.42 mi37, School Terrace, Stanley, County Durham DH9 7QN2
£63K08/210.45 mi18, Coates Close, Stanley, Durham DH9 6XA2
£54K02/230.47 mi26, Rose Avenue, Stanley, County Durham DH9 7RB2
£45K04/210.47 mi36, Fern Avenue, Stanley, Durham DH9 7QY2
£36K10/210.47 mi30, Fern Avenue, Stanley, County Durham DH9 7QY2
£54K02/230.47 mi23, Fern Avenue, Stanley, County Durham DH9 7QY2
£40K11/200.47 mi10, Fern Avenue, Stanley, County Durham DH9 7QY2
£53.5K12/200.48 mi9, Malvern Terrace, Stanley, County Durham DH9 6QW2
£52K07/210.48 mi25, William Street, South Moor, Stanley, Durham DH9 7BJ2
£24.5K01/210.48 mi17, William Street, South Moor, Stanley, Durham DH9 7BJ2
£45K06/230.49 mi6, John Street, South Moor, Stanley, County Durham DH9 7BG2
£115K11/200.54 mi30, Pea Road, Stanley, County Durham DH9 7RG2
£35.5K12/200.55 mi3, Elm Street, South Moor, Stanley, Durham DH9 7EA2
£44K11/210.56 mi62, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£28.5K03/210.56 mi60, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£52K08/210.57 mi46, Mitchell Street, South Moor, Stanley, Durham DH9 7BQ2
£32.8K01/210.63 mi107, John Street, Beamish, Stanley, County Durham DH9 0QP2

Local Rents

18 rents from £420/mo to £675/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£57512/240.15 miWear Road, Stanley, County Durham, DH92
£60012/240.15 miOrwell Gardens, Stanley, Durham, DH92
£59512/240.26 miHollyhill Gardens, Stanley, DH92
£55012/240.36 miBircham Street, South Moor, Stanley, DH92
£55012/240.37 miOliver Street, Stanley, Durham, DH9 7AQ2
£50003/250.38 mi-2
£55002/250.38 mi-2
£42012/240.39 miPark Road, Stanley, County Durham, DH92
£45001/250.4 mi-2
£55004/250.43 mi-2
£53502/250.47 mi-2
£55004/250.49 mi-2
£55012/240.5 miPoplar Street, Stanley, County Durham, DH92
£67512/240.5 miKielder Drive, The Middles, Stanley, County Durham, DH92
£59512/240.54 miBelle Street, Stanley, DH92
£50001/250.55 mi-2
£42512/240.58 mi-2
£49012/240.58 miPoplar Street, Stanley, County Durham, DH92

Local Area Statistics

Population in DH9

36,673

Nearest school

0.10 miles away

Nearest train station

4.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £55,000

November 7, 2024

Floor Plans

Description

  • Two-bedroom terraced house needing refurbishment +
  • Ideal for DIY enthusiasts +
  • Situated on a popular terrace +
  • Large front garden +
  • Gas combi central heating +
  • Layout: hallway, lounge, kitchen/diner +
  • First floor: two double bedrooms, bathroom +
  • Rear yard +
  • Partial double glazing, Council Tax band A +
  • Freehold tenure, EPC rating C (70) +

A two bedroom terraced house which requires refurbishment so would suit a DIY enthusiast. Located on a popular terrace and benefits from a large front garden and gas combi central heating. Briefly comprising a hallway, lounge, kitchen/diner, first floor landing, two double bedrooms and a bathroom. Yard to the rear. Partial double glazing, freehold tenure, Council Tax band A, EPC rating C (70). 

HALLWAY 3' 2" x 4' 5" (0.97m x 1.37m) Entrance door, stairs to the first floor and doorways to the lounge and kitchen/diner. 

LOUNGE 15' 1" x 9' 2" (4.60m x 2.80m) Dual aspect with single glazed windows to the front and rear, laminate flooring, fireplace with marble hearth and a double radiator. 

KITCHEN/DINER 21' 7" (maximum) x 8' 11" (6.60m x 2.73m) Dual aspect with single glazed windows to the front and rear. Dining area, fitted with a range of wall and base units with laminate worktops which extends to create a breakfast bar. Space for a slot-in cooker, plumbed for a washing machine and space for under-counter appliances. Stainless steel sink with vegetable drainer and mixer tap, one double and one single radiator. uPVC double glazed rear exit door. 

FIRST FLOOR  

LANDING 3' 4" x 7' 2" (1.02m x 2.20m) uPVC double glazed window and doorways leading to the bedrooms and bathroom. 

BEDROOM 1 (DUAL ASPECT) 15' 1" x 10' 10" (4.60m x 3.32m) Storage cupboard housing the gas combi central heating boiler, single glazed windows to the front and rear and a double radiator. 

BEDROOM 2 (TO THE FRONT) 11' 5" x 9' 2" (3.48m x 2.80m) Single glazed window, storage cupboard, loft access hatch and a double radiator. 

BATHROOM 8' 8" x 4' 11" (2.65m x 1.50m) Bath, pedestal wash basin, WC, double radiator and a uPVC double glazed window. 

EXTERNAL  

TO THE FRONT Large garden (currently overgrown) enclosed by timber fencing and hedges. 

TO THE REAR Yard with brick tool shed. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING There are two windows with are fitted with uPVC double glazed units, the remainder are single glazed timber framed units. 

ENERGY EFFICIENCY EPC rating C (70). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

COUNCIL TAX The property is in Council Tax band A. 

TENURE We understand that the property is freehold. We would recommend that any purchaser has this confirmed by their legal advisor.  

VIEWINGS Strictly by appointment. 

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. 

MORTGAGE ADVICE We have independent mortgage advisers within our branch, who will search the whole market to find the best suitable mortgage and help you progress through the process. Contact our office to arrange a telephone or office appointment.  

AGENTS NOTE Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract. The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property. We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.

Agent Details

David Bailes, Stanley

01207 265903

Next Steps?

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