3 Bed Detached House, Cash/Bridging Only, DH9 7EE, £164,950

Derwent Rise, South Moor, Stanley, DH9 7EE - 5 views - 4 months ago

Sold STC
Cash
ROI: 4%
~93 m²
+25 photos

ValuationOvervalued

Sold Prices£33K - £192.4K
Sold Prices/m²£495/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£86,979

 

 

End Value (After Refurb)

£98,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,238

Stamp Duty & Legal Fees

£6,149

Refurb Costs

£35,871

Bridging Loan Interest

£4,330

Total Cash In

£89,337

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£98,000

Mortgage (After Refinance)

£73,500

Mortgage LTV

75%

Cash Left In

£89,337

Equity

£24,500

Rent Range

£550 - £1,795

Rent Estimate

£778

Running Costs/mo

£482

Cashflow/mo

£296

Cashflow/yr

£3,554

ROI

4%

Gross Yield

6%

Local Sold Prices

41 sold prices from £33K to £192.4K, average is £87K. £495/m² to £2K/m², average is £921/m².

PriceDateDistanceAddressBeds 
£57.8K07/230.08 mi36, Lime Street, South Moor, Stanley, County Durham DH9 7EJ3
£125K03/210.19 mi9, Holyoake, South Moor, Stanley, Durham DH9 7BU3
£55K08/230.21 mi23, Mitchell Street, South Moor, Stanley, County Durham DH9 7BE3
£65K06/230.23 mi23, Parmeter Street, South Moor, Stanley, County Durham DH9 7AR3
£66K04/230.23 mi43, Mitchell Street, South Moor, Stanley, County Durham DH9 7BQ3
£50K11/210.3 mi12, Oliver Street, Stanley, Durham DH9 7AQ3
£80K02/230.32 mi9, Rydal Avenue, Stanley, County Durham DH9 7QR3
£65.5K12/200.34 mi44, Third Street, Quaking Houses, Stanley, Durham DH9 7HA3
£33K11/200.34 mi11, Third Street, Quaking Houses, Stanley, County Durham DH9 7HA3
£75K02/210.34 mi26, Keswick Road, Stanley, Durham DH9 7QS3
£71K01/230.36 mi114, Park Road, Stanley, County Durham DH9 7BL3
£55K01/230.37 mi161, Park Road, Stanley, County Durham DH9 7QE3
£87K03/230.41 mi31, Windermere Terrace, Stanley, County Durham DH9 7QX3
£78.5K12/220.45 mi76, Fourth Street, Quaking Houses, Stanley, County Durham DH9 7HD3
£96K12/220.47 mi55, Orwell Gardens, Stanley, County Durham DH9 6QA3
£115K12/220.53 mi19, Orwell Gardens, Stanley, County Durham DH9 6QA3
£64.5K01/210.54 mi130, Westfields, Stanley, County Durham DH9 7DG3
£95K02/230.57 mi1, Palmer Street, Stanley, County Durham DH9 7RD3
£115K05/230.59 mi29, Tyne Road East, Stanley, County Durham DH9 6NF3
£127.5K03/230.63 mi10, Lenin Terrace, Stanley, County Durham DH9 6PA3
£192.4K03/210.63 mi52a, Joicey Terrace, Stanley, County Durham DH9 7LS3
£87K02/210.67 mi20, North Terrace, Stanley, Durham DH9 7LD3
£150K07/210.67 mi5, Coniscliffe Road, Stanley, Durham DH9 7RF3
£145K09/210.67 mi18, Coniscliffe Road, Stanley, County Durham DH9 7RF3
£63K01/210.68 mi56, Wansbeck Avenue, Stanley, County Durham DH9 6HU3
£130K11/220.75 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£143K03/230.76 mi8, Grange Road, Stanley, County Durham DH9 7RQ3
£121.8K12/200.77 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£90K05/230.78 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£88.8K07/210.79 mi56, Heather Way, Stanley, Durham DH9 7RP3
£95K12/210.85 mi92, Wear Road, Stanley, County Durham DH9 6HW3
£52K02/210.85 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£90K08/210.89 mi96, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£78K06/210.89 mi92, Hollyhill Gardens East, Stanley, Durham DH9 6PG3
£125K03/230.89 mi14, Hollyhill Gardens East, Stanley, County Durham DH9 6PG3
£82K04/210.91 mi29, South View, Annfield Plain, Stanley, Durham DH9 7UB3
£85K06/230.94 mi55, Durham Road, Stanley, County Durham DH9 6QY3
£100K12/220.98 mi1, Weardale Terrace, Annfield Plain, Stanley, County Durham DH9 7TX3
£86K01/210.98 mi21, Weardale Terrace, Stanley, Durham DH9 7TX3
£60.5K10/200.99 mi60, Durham Road, Stanley, Durham DH9 6QX3
£110K09/210.99 mi24, Teesdale Terrace, Stanley, County Durham DH9 7TU3

Local Rents

30 rents from £550/mo to £1.8K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£60012/240.33 mi-3
£60003/250.33 mi-3
£62503/250.35 mi-3
£67511/240.4 mi-3
£1,79503/250.41 mi-3
£65003/250.54 mi-3
£95012/240.66 mi-3
£75002/250.66 mi-3
£62507/240.7 mi-3
£55012/240.73 miSpen Street, Stanley, Durham, DH93
£62512/240.96 miSouth View, Annfield Plain, Stanley3
£55012/240.96 miGreylingstadt Terrace, Stanley3
£90012/240.98 mi-3
£90012/240.98 mi-3
£80012/240.98 mi-3
£85003/250.98 mi-3
£60004/251.07 mi-3
£75012/241.07 mi-3
£75012/241.07 mi-3
£70012/241.07 mi-3
£80012/241.07 mi-3
£80011/241.07 mi-3
£1,00002/251.07 mi-3
£1,00010/241.07 mi-3
£80003/251.07 mi-3
£80003/251.07 mi-3
£65003/251.12 mi-3
£65003/251.12 mi-3
£62512/241.16 mi-3
£62512/241.22 miBroom Hill, Stanley3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.20 miles away

Nearest train station

5.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £164,950

December 2, 2024

Floor Plans

Description

  • Modern detached house, no upper chain +
  • 3 bedrooms (master with en-suite) +
  • Garage with electric car charger and off-street parking +
  • Solar panels with feed-in-tariff +
  • Gardens to the front and rear +
  • Very well presented +
  • Lounge and separate dining room +
  • Freehold, Council Tax band C +
  • EPC rating C (75) +
  • Virtual tour available +

An immaculately presented three bedroom detached house with no upper chain and a southerly aspect with the benefit of income generating solar panels. The well designed accommodation comprises a porch, dining room, hallway, WC, lounge, kitchen, first landing, three bedrooms (master with en-suite shower) and a family bathroom. Gardens to front and rear, integral garage with electric car charger and dual off-street parking. Gas central heating, Council Tax band C, freehold, EPC rating C (75). Virtual tour available.  

PORCH 3' 8" x 3' 5" (1.13m x 1.06m) Composite double glazed entrance door, single radiator, uPVC double glazed window, coving and a door leading to the dining room. 

DINING ROOM 9' 0" x 9' 11" (2.76m x 3.04m) uPVC double glazed window, double radiator, coving, telephone point and an archway leading to the hallway. 

HALLWAY Stairs to the first floor, double radiator, wall mounted room thermostat and doors leading to the WC, kitchen and lounge. 

WC 3' 2" x 4' 9" (0.98m x 1.46m) Pedestal wash basin with tiled slash-back, WC, uPVC double glazed frosted window, single radiator and a ceiling extractor fan. 

KITCHEN 13' 0" (maximum) x 8' 1" (3.97m x 2.47m) Fitted with a range of wall and base units with concealed surface lighting onto contrasting laminate worktops and tiled splash-backs. Integrated fan assisted electric oven/grill, four ring gas hob with concealed extractor fan over. Sink with vegetable drainer and mixer tap, plumbed for a washing machine space for a tumble dryer and also for a fridge/freezer. Built-in wine rack, inset spotlights, uPVC double glazed window and double glazed side exit door, concealed gas central heating boiler and a double radiator. 

LOUNGE 10' 11" x 10' 0" (3.34m x 3.06m) Large bay with uPVC double glazed windows, fire surround with inset electric fire, double radiator, coving, TV aerial point and satellite TV cables. 

FIRST FLOOR  

LANDING 6' 2" x 12' 5" (1.90m x 3.80m) Airing cupboard housing the hot water tank, double radiator, uPVC double glazed window and doors leading to the bedrooms and bathroom. 

MASTER BEDROOM (TO THE REAR) 11' 1" x 9' 4" (3.40m x 2.87m) uPVC double glazed window, double radiator, TV aerial point, dressing area with dual fitted wardrobes and a door leading to the en-suite shower. 

EN-SUITE 7' 7" x 4' 0" (2.32m x 1.22m) Glazed enclosure with thermostatic shower and tiled splash-backs. Pedestal wash basin, WC, uPVC double glazed window, single radiator and an extractor fan. 

BEDROOM 2 (TO THE FRONT) 8' 8" x 9' 9" (2.66m x 2.98m) Fitted wardrobe, uPVC double glazed window and a double radiator. 

BEDROOM 3 (TO THE FRONT) 7' 11" x 8' 8" (2.43m x 2.66m) uPVC double glazed window, double radiator and a loft access hatch. 

BATHROOM 6' 5" x 6' 0" (1.97m x 1.84m) A white suite featuring a panelled bath with tiled splash-backs, pedestal wash basin, WC, uPVC double glazed window, double radiator, shaver socket, extractor fan and inset spotlights. 

EXTERNAL  

INTEGRAL GARAGE 15' 10" x 8' 3" (4.83m x 2.52m) An integral garage with up and over door, electric car charger, power points and lighting. 

TO THE FRONT Block-paved driveway providing off road side by side parking for two vehicles, open plan lawn and a path leading to the rear. 

TO THE REAR A low maintenance garden with gravelled area and raised timber decking (which will require some maintenance). Cold water supply tap. 

HEATING Gas fired central heating via boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating C (75). Please speak to a member of staff for a copy of the full Energy Performance Certificate. The current owners installed an array of solar panels in 2014 which has a feed-in-tariff providing an additional income which is currently around £750 per annum. In addition there is also a solar iboost installed to aid with the heating of the hot water. 

COUNCIL TAX The property is in Council Tax band C. 

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 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. To arrange a viewing please contact the office. Please do not attend if you have recently shown symptoms of the Covid-19 virus. We may need to restrict the number of people within the property at one time and limit time of the viewing to 15 minutes. 

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. 

NEED A MORTGAGE? 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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