3 Bed Terraced House, Cash/Bridging Only, DH9 7UP, £80,000

Mordue Terrace, Annfield Plain, Stanley, DH9 7UP - 5 months ago

Sold STC
Cash
ROI: 6%
~93 m²
+20 photos

ValuationUndervalued

Sold Prices£45K - £182K
Sold Prices/m²£643/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£82,400
BMV3%

 

 

End Value (After Refurb)

£94,107

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Refurb Costs

£35,871

Bridging Loan Interest

£2,100

Total Cash In

£64,921

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£94,107

Mortgage (After Refinance)

£70,580

Mortgage LTV

75%

Cash Released

£10,580

Cash Left In

£54,341

Equity

£23,527

Rent Range

£600 - £1,000

Rent Estimate

£767

Running Costs/mo

£467

Cashflow/mo

£300

Cashflow/yr

£3,594

ROI

6%

Gross Yield

12%

Local Sold Prices

41 sold prices from £45K to £182K, average is £90K. £643/m² to £2.1K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£52K03/230.11 mi34, Durham Road, Annfield Plain, Stanley, County Durham DH9 7UF3
£108K10/200.12 mi14, Leeholme Court, Stanley, Durham DH9 7YD3
£77K07/230.12 mi15, Leeholme Court, Stanley, County Durham DH9 7YD3
£110K09/210.25 mi24, Teesdale Terrace, Stanley, County Durham DH9 7TU3
£100K12/220.25 mi1, Weardale Terrace, Annfield Plain, Stanley, County Durham DH9 7TX3
£86K01/210.25 mi21, Weardale Terrace, Stanley, Durham DH9 7TX3
£82K04/210.28 mi29, South View, Annfield Plain, Stanley, Durham DH9 7UB3
£90K03/230.28 mi5, Pennine Court, Stanley, County Durham DH9 8TZ3
£90K12/200.28 mi12, Pennine Court, Stanley, Durham DH9 8TZ3
£82K12/200.33 mi7, Skiddaw Court, Stanley, Durham DH9 8UB3
£74K02/210.38 mi32, Hamsterley Gardens, Stanley, County Durham DH9 8JR3
£172K10/210.4 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£114K11/200.4 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£130K11/220.46 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£88K01/230.49 mi4, Derwent Terrace, Stanley, County Durham DH9 8NN3
£72K04/230.52 mi3, Low Church Street, Stanley, County Durham DH9 8HF3
£121.8K12/200.53 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£73K11/210.54 mi19, Oakwood, Stanley, County Durham DH9 8ND3
£130K10/210.54 mi16, Manor Drive, Stanley, County Durham DH9 8SS3
£123K11/200.56 mi62, Windsor Drive, Stanley, Durham DH9 8SR3
£182K03/210.56 mi4, Fairfield, Stanley, Durham DH9 8TR3
£86K02/230.57 mi14, Annfield Place, Stanley, County Durham DH9 8NW3
£130K12/200.59 mi8, Valley View, Stanley, County Durham DH9 8EY3
£122.5K07/230.6 mi7, Croft Close, Greencroft, Stanley, County Durham DH9 8NZ3
£107K03/210.6 mi30, The Croft, Stanley, Durham DH9 8NQ3
£72.5K11/210.62 mi83, Annfield Place, Stanley, County Durham DH9 8NP3
£130K05/230.64 mi14, Bethany Gardens, Stanley, County Durham DH9 8SL3
£117.5K03/210.64 mi14, Loud View Terrace, Stanley, County Durham DH9 8PG3
£105K02/210.64 mi16, Loud View Terrace, Stanley, Durham DH9 8PG3
£125K01/210.66 mi3, Garden Villas, West Kyo, Stanley, County Durham DH9 8SY3
£62K06/210.67 mi7, The Ridings, Stanley, Durham DH9 8EE3
£62K06/210.67 mi7, The Ridings, Stanley, Durham DH9 8EE3
£45K02/230.67 mi9, The Ridings, Stanley, County Durham DH9 8EE3
£95K10/200.73 mi23, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD3
£67K11/220.75 mi23, Balmoral Avenue, Catchgate, Stanley, County Durham DH9 8FH3
£52K02/210.77 mi29, Langdon Gardens, Stanley, Durham DH9 8RR3
£87K02/210.78 mi20, North Terrace, Stanley, Durham DH9 7LD3
£63K01/210.82 mi17, Kirkfield Gardens, Stanley, Durham DH9 8SB3
£58K10/210.85 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£80K08/230.85 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£105K03/210.87 mi15, Century Terrace, Catchgate, Stanley, County Durham DH9 8DZ3

Local Rents

13 rents from £600/mo to £1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75012/240.17 mi-3
£75012/240.17 mi-3
£70012/240.17 mi-3
£80012/240.17 mi-3
£80012/240.17 mi-3
£1,00002/250.17 mi-3
£1,00010/240.17 mi-3
£80003/250.17 mi-3
£80003/250.17 mi-3
£62512/240.21 miSouth View, Annfield Plain, Stanley3
£60008/230.21 mi-3
£65012/240.23 miClavering Place, Stanley, County Durham, DH93
£69507/230.51 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.10 miles away

Nearest train station

6.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £80,000

November 18, 2024

Floor Plans

Description

  • Sought-after terrace location near park and town centre +
  • Three-bedroom terraced house with no upper chain +
  • Two spacious reception rooms +
  • Kitchen with integrated appliances +
  • First-floor family bathroom +
  • Three well-proportioned bedrooms +
  • Potential to extend into the loft space +
  • Gas combi central heating, full uPVC double glazing, and freehold tenure +
  • EPC rating D (63), Council Tax Band A +
  • Virtual tours available +

Situated on a sought-after terrace near the park and town centre, we are pleased to offer this three-bedroom terraced house with no upper chain. The property features a welcoming hallway, two spacious reception rooms, a kitchen with integrated appliances, a first-floor bathroom, and three well-proportioned bedrooms, with potential to extend into the loft space. Benefits include gas combi central heating, full uPVC double glazing, and freehold tenure. The EPC rating is D (63), and the property falls under Council Tax Band A. Virtual tours are available. 

HALLWAY uPVC double glazed entrance door with matching window over. Single radiator, dado rail, single radiator arch with sculpted corbels, stairs to the first floor and a door leading to the dining room. 

DINING ROOM 12' 9" x 13' 4" (3.91m x 4.07m) uPVC double glazed window, double radiator, dado rail, coving, telephone point, opening to the lounge and a door leading to the kitchen. 

LOUNGE 11' 3" x 13' 4" (3.44m x 4.07m) Dark wood fire surround with tiled inlay and hearth inset electric fire, two uPVC double glazed windows, double radiator, dado rail, coving and a TV aerial point. 

KITCHEN 13' 7" (maximum) x 8' 1" (4.15m x 2.47m) Fitted with a range of white high gloss wall and base units with contrasting laminate worktops and tiled splash-backs. Integrated fan assisted electric/grill, four ring has gob with concealed extractor over. Integrated fridge and freezer, plumbed for a washing machine, sink with mixer tap, concealed Baxi gas combi central heating boiler, uPVC double glazed window and matching rear exit door and a tiled floor. 

FIRST FLOOR  

HALF LANDING uPVC double glazed window, dado rail, telephone point, door to the bathroom and small flight of stairs to the main landing. 

BATHROOM 5' 6" x 7' 11" (1.68m x 2.43m) A white suite featuring a P-shaped bath with electric shower over, glazed screed and fully tiled walls. Vaulted PVC panelled ceiling, pedestal wash basin, WC, chrome towel radiator, wall extractor fan and a uPVC double glazed window. 

MAIN LANDING Large storage cupboard, dado rail, loft access hatch and doors leading to the bedrooms. 

BEDROOM 1 (TO THE FRONT) 13' 1" x 9' 10" (4.00m x 3.00m) Fitted wardrobes to the alcoves and matching dressing unit. uPVC double glazed window and a double radiator. 

BEDROOM 2 (TO THE REAR) 11' 2" x 10' 4" (3.42m x 3.15m) uPVC double glazed window and a double radiator. 

BEDROOM 3 (TO THE FRONT) 9' 8" x 6' 7" (2.96m x 2.03m) uPVC double glazed window and a double radiator. 

EXTERNAL  

TO THE FRONT Block-paved patio. Public footpath beyond. 

TO THE REAR Self-contained yard with cold water supply tap and storage shed. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating D (63). 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 (£1,621). 

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

VIEWINGS We have created a walk-through virtual tour which can be viewed on our YouTube channel, our website, property portals and our social media accounts such as Facebook, Twitter and Instagram. There is also a 360 degree tour available on our website arrange a viewing please contact the office.  

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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