2 Bed Terraced House, Planning Permission, DH9 6JB, £59,950

71 Tweed Terrace, Stanley, Durham, DH9 6JB - 2 views - 4 months ago

Planning
ROI: 6%
77 m²
+2 photos

ValuationUndervalued

Sold Prices£32.8K - £132.5K
Sold Prices/m²£395/m² - £2.4K/m²

 

 

Square Metres

77 m²
Price/m²£779/m²

Value Estimate

£72,917

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,988

Stamp Duty & Legal Fees

£3,660

Total Cash In

£18,648

 

 

Cash Out

 

Rent Range

£420 - £675

Rent Estimate

£491

Running Costs/mo

£306

Cashflow/mo

£185

Cashflow/yr

£2,225

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £32.8K to £132.5K, average is £67K. £395/m² to £2.4K/m², average is £947/m².

PriceDateDistanceAddressBeds 
£72.5K06/230.07 mi2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ2
£70K02/230.08 mi53, Wear Road, Stanley, County Durham DH9 6HL2
£66K02/210.08 mi51, Wear Road, Stanley, County Durham DH9 6HL2
£68K02/230.09 mi8, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£97.5K11/220.09 mi14, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£48.3K12/200.09 mi26, Tweed Terrace, Stanley, Durham DH9 6JN2
£86K03/230.09 mi24, Tweed Terrace, Stanley, County Durham DH9 6JN2
£83K11/200.12 mi26, Wansbeck Avenue, Stanley, Durham DH9 6HY2
£78K12/200.13 mi27, Wansbeck Avenue, Stanley, County Durham DH9 6HS2
£87.5K04/230.14 mi20, Constable Close, Stanley, County Durham DH9 6TE2
£71.5K03/210.17 mi4, Engels Terrace, Stanley, County Durham DH9 6QG2
£62.5K11/200.2 mi11, Walton Close, Stanley, Durham DH9 6TH2
£72K11/210.22 mi33, Tyne Road East, Stanley, Durham DH9 6NF2
£70K08/210.25 mi1, Joseph Street, Stanley, Durham DH9 7NS2
£77.5K06/230.25 mi5, Joseph Street, Stanley, County Durham DH9 7NS2
£50K11/200.25 mi24, Joseph Street, Stanley, Durham DH9 7NS2
£63K08/210.26 mi18, Coates Close, Stanley, Durham DH9 6XA2
£35K11/200.3 mi10, Spen Street, Stanley, Durham DH9 7NJ2
£63K12/220.32 mi2, Garden Terrace, Stanley, County Durham DH9 7NP2
£53.5K12/200.32 mi9, Malvern Terrace, Stanley, County Durham DH9 6QW2
£83K11/210.33 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£75K11/200.33 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£98K01/230.33 mi39, Orwell Gardens, Stanley, County Durham DH9 6QA2
£63.5K01/230.34 mi44, Spen Street, Stanley, County Durham DH9 7NJ2
£73.5K02/230.39 mi79, Eastfields, Stanley, County Durham DH9 7DN2
£62K01/210.39 mi89, Eastfields, Stanley, Durham DH9 7DN2
£60K03/210.4 mi29, Waveney Gardens, Stanley, Durham DH9 7NG2
£63K03/230.41 mi82, Eastfields, Stanley, County Durham DH9 7DN2
£55K02/210.43 mi13, Coquet Gardens, Stanley, Durham DH9 7PN2
£53K07/210.49 mi57, Southfields, Stanley, County Durham DH9 7PG2
£80K11/210.49 mi11, Kipling Close, Stanley, Durham DH9 6UA2
£65K08/210.49 mi3, South Field Court, South Stanley, Stanley, County Durham DH9 7BX2
£81.8K02/230.51 mi9, Evelyn Terrace, Stanley, County Durham DH9 7RN2
£32.8K01/210.52 mi107, John Street, Beamish, Stanley, County Durham DH9 0QP2
£100K06/230.54 mi23, Betjeman Close, Stanley, County Durham DH9 6UD2
£77K06/210.54 mi48, Southfields, Stanley, Durham DH9 7PQ2
£49K01/210.55 mi19, Standish Street, Stanley, County Durham DH9 7AD2
£55K03/230.56 mi6, Bircham Street, Stanley, County Durham DH9 7AE2
£132.5K03/230.57 mi6, East Parade, Stanley, County Durham DH9 0PS2
£84K04/210.59 mi14, Milton Close, Stanley, County Durham DH9 6UB2
£80K04/230.6 mi37, Ridley Street, Stanley, County Durham DH9 0PD2
£56K02/210.6 mi28, Ridley Street, Stanley, Durham DH9 0PD2
£64K05/230.6 mi37, School Terrace, Stanley, County Durham DH9 7QN2
£54K02/230.63 mi26, Rose Avenue, Stanley, County Durham DH9 7RB2
£45K04/210.65 mi36, Fern Avenue, Stanley, Durham DH9 7QY2
£36K10/210.65 mi30, Fern Avenue, Stanley, County Durham DH9 7QY2
£54K02/230.65 mi23, Fern Avenue, Stanley, County Durham DH9 7QY2
£40K11/200.65 mi10, Fern Avenue, Stanley, County Durham DH9 7QY2
£77K12/200.65 mi24, Girvan Close, Stanley, Durham DH9 6UY2
£115K11/200.66 mi30, Pea Road, Stanley, County Durham DH9 7RG2

Local Rents

12 rents from £420/mo to £675/mo, average is £563/mo.

RentDateDistanceAddressBeds 
£57512/240.15 miWear Road, Stanley, County Durham, DH92
£60012/240.33 miOrwell Gardens, Stanley, Durham, DH92
£59512/240.35 miHollyhill Gardens, Stanley, DH92
£59512/240.42 miBelle Street, Stanley, DH92
£67512/240.5 miKielder Drive, The Middles, Stanley, County Durham, DH92
£55012/240.54 miBircham Street, South Moor, Stanley, DH92
£57512/240.55 miChurch Street, Stanley, County Durham, DH92
£55012/240.56 miOliver Street, Stanley, Durham, DH9 7AQ2
£50003/250.56 mi-2
£42012/240.56 miPark Road, Stanley, County Durham, DH92
£55002/250.57 mi-2
£45001/250.59 mi-2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

4.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Price changed to £59,950

February 20, 2025

Price changed to £65,000

February 8, 2025

Listed for £82,000

December 1, 2024

Sold for £65,069

2007

Floor Plans

Description

  • Ideal for First Time Buyers +
  • Large Garden +
  • Close to Town Centre +
  • Vacant Possession from 6th January 2025 +
  • uPVC Double Glazing +
  • Gas Fired Combination Boiler +

Ideally suited to first time buyers this two-bedroom end terraced property is situated close to Stanley Town Centre and has a large garden.

The property is available with vacant possession from 6th January 2025, has the benefit of uPVC double glazing, gas central heating via combination boiler and a large store to the rear. The accommodation briefly comprises, on the ground floor, an entrance lobby, large lounge, a kitchen/dining room and a rear lobby/utility area. On the first floor there are two spacious bedrooms and a bathroom which is fitted with a white suite. Externally the property has a large lawned garden to the front of the property with a pleasant, decked patio area and small yard to the rear.

Tweed Terrace is close to Stanley Town Centre where a good range of shopping and recreational facilities are available. The property is also close to the A693 highway which provides easy access to Chester le Street, (the A1M), Consett and Tyneside.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A
Local Authority – Durham County Council
Council Tax Band – A
Tenure – Freehold

PART B
Property Type – End Terrace
Property Construction – Standard
Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls
Electricity supply – Mains
Water Supply - Mains
Sewerage – Mains
Heating - Gas central
Estimated Mobile phone coverage – Please refer to the Ofcom Website -

Estimated Broadband Download speeds – please refer to the Ofcom Website –
Parking: on street

PART C
Building Safety – The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm
Restrictions - Some restrictive covenants apply. A Full list is available for inspection upon request. The property is included in the local authority selective licencing scheme
Rights & Easements- NA
Flood risk – Low
Coastal Erosion - NA
Protected Trees – NA
Conservation area – No
Planning Permission – NA
Accessibility – The property has not been altered for accessibility
Mining Area – Historical mining area.
Selective License Area – NO

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

Agent Details

J W Wood, Chester Le Street

0191 625 0107

Next Steps?

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