2 Bed Semi-Detached House, Single Let, Durham, DH6 2PL, £59,950

William Morris Terrace, Shotton Colliery, Durham, DH6 2PL - 4 views - 3 months ago

Sold STC

BTL

ROI: 10%

~68 m²

+7 photos

ValuationFair Value

Sold Prices	£30K - £188K
Sold Prices/m²	£441/m² - £1.6K/m²

Square Metres	~68.11 m²
Price/m²	£880/m²
Value Estimate	£61,122£61,122

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£14,988£14,988
Stamp Duty & Legal Fees	£3,299£3,299
Total Cash In	£18,286£18,286

Cash Out
Rent Range	£450 - £1,800£450 - £1,800
Rent Estimate	£525
Running Costs/mo	£312£312
Cashflow/mo	£213£213
Cashflow/yr	£2,552£2,552
ROI	14%14%
Gross Yield	11%11%

Local Sold Prices

23 sold prices from £30K to £188K, average is £67K. £441/m² to £1.6K/m², average is £897/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£75K	12/22	0.04 mi	37, Dixon Estate, Shotton Colliery, Durham, County Durham DH6 2PX	£926	81	2	Semi-Detached House
£40K	02/21	0.05 mi	4, Keir Hardie Terrace, Shotton Colliery, Durham DH6 2PS	£588	68	2	Semi-Detached House
£43K	01/21	0.05 mi	10, A J Cook Terrace, Shotton Colliery, Durham, County Durham DH6 2PR	£623	69	2	Semi-Detached House
£90K	04/23	0.14 mi	8, Salters Lane, Shotton Colliery, Durham, County Durham DH6 2PU	£1,324	68	2	Semi-Detached House
£95K	11/22	0.14 mi	16, Salters Lane, Shotton Colliery, Durham, County Durham DH6 2PU	£1,357	70	2	Semi-Detached House
£53K	02/21	0.31 mi	11, Hazel Terrace, Shotton Colliery, Durham, County Durham DH6 2HJ	£803	66	2	Terraced House
£67K	02/21	0.31 mi	39, Hawthorne Terrace, Shotton Colliery, Durham DH6 2HG	£1,031	65	2	Semi-Detached House
£55K	06/21	0.31 mi	72, Victoria Street, Shotton Colliery, Durham DH6 2LE	£764	72	2	Terraced House
£67K	10/21	0.34 mi	23, Hamilton Court, Shotton Colliery, Durham, County Durham DH6 2NL	£1,098	61	2	Terraced House
£52.5K	04/21	0.34 mi	24, Hamilton Court, Shotton Colliery, Durham DH6 2NL	£795	66	2	Terraced House
£100K	03/23	0.42 mi	43, Salters Lane, Shotton Colliery, Durham, County Durham DH6 2HZ	£1,333	75	2	Semi-Detached House
£60K	05/23	0.43 mi	44, Ashbrooke Estate, Shotton Colliery, Durham, County Durham DH6 2LN	-	-	2	Semi-Detached House
£60K	02/23	0.44 mi	21, Thornhill Road, Shotton Colliery, Durham, County Durham DH6 2HD	£1,053	57	2	Detached House
£60K	03/23	0.46 mi	126, Victoria Street, Shotton Colliery, Durham, County Durham DH6 2QN	£869	69	2	Terraced House
£30K	06/21	0.52 mi	13, Dunelm Place, Shotton Colliery, Durham DH6 2RF	£441	68	2	Terraced House
£30K	06/21	0.52 mi	13, Dunelm Place, Shotton Colliery, Durham DH6 2RF	£441	68	2	Terraced House
£81K	07/21	0.52 mi	10, Crossfield Crescent, Shotton Colliery, Durham, County Durham DH6 2HB	£1,328	61	2	Detached House
£36K	04/21	0.52 mi	20, Dene Terrace, Shotton Colliery, Durham, County Durham DH6 2QX	£500	72	2	Terraced House
£188K	08/21	0.57 mi	1, Westgarth Grove, Shotton Colliery, Durham, County Durham DH6 2YB	-	-	2	Detached House
£102K	03/23	0.59 mi	49, Hanover Crescent, Shotton Colliery, Durham, County Durham DH6 2NR	£1,645	62	2	Terraced House
£75K	02/21	0.63 mi	12, Lynn Terrace, Wheatley Hill, Durham DH6 3QN	£781	96	2	Terraced House
£120K	12/22	0.66 mi	11, Station Road, Shotton Colliery, Durham, County Durham DH6 2JL	£1,364	88	2	Semi-Detached House
£139.9K	03/23	0.92 mi	36, Weardale Park, Wheatley Hill, Durham, County Durham DH6 3QQ	-	-	2	Semi-Detached House

Local Rents

50 rents from £450/mo to £1.8K/mo, average is £640/mo.

Rent	Date	Distance	Address	Beds	Type
£595	12/24	0.04 mi	Dixon Estate, Shotton	2	Detached House
£535	12/24	0.08 mi	William Morris Terrace, Shotton Colliery, Durham	2	Detached House
£795	02/25	0.3 mi	-	3	Terraced House
£700	12/24	0.34 mi	Burns Terrace, Shotton Colliery	3	Flat
£500	12/24	0.4 mi	Victoria Street, Shotton Colliery, Durham, Durham, DH6 2QN	3	Terraced House
£695	12/24	0.4 mi	Victoria Street, Shotton Colliery, Durham, Durham, DH6 2QN	3	Terraced House
£725	12/23	0.46 mi	-	4	Terraced House
£725	09/23	0.46 mi	-	4	Terraced House
£725	12/23	0.46 mi	-	4	Terraced House
£725	09/23	0.46 mi	-	4	Terraced House
£725	09/23	0.46 mi	-	4	Terraced House
£700	12/24	0.51 mi	-	3	Terraced House
£550	12/24	0.53 mi	-	2	Terraced House
£550	02/25	0.53 mi	-	2	Terraced House
£550	12/24	0.53 mi	Dene Terrace, Shotton Colliery, Durham, DH6	2	Terraced House
£495	12/24	0.62 mi	-	2	Terraced House
£495	12/24	0.62 mi	-	2	Terraced House
£750	06/24	0.83 mi	-	3	Semi-Detached House
£595	03/25	0.98 mi	-	2	Terraced House
£550	03/25	0.98 mi	-	2	Terraced House
£800	04/23	1.09 mi	-	3	Detached House
£650	12/24	1.1 mi	Moor View, Wheatley Hill, Durham, DH6	4	Detached House
£625	09/24	1.24 mi	The Village, Old Shotton, Peterlee, County Durham, SR8	1	Bungalow
£850	10/24	1.27 mi	The Firs, Wingate, County Durham, TS28	4	Flat
£895	02/24	1.28 mi	-	3	House
£895	07/24	1.28 mi	-	3	House
£895	01/25	1.28 mi	-	3	House
£895	12/24	1.28 mi	-	3	House
£895	01/25	1.28 mi	-	3	House
£895	02/25	1.28 mi	-	3	House
£600	03/23	1.29 mi	-	3	Terraced House
£630	06/23	1.29 mi	-	3	Terraced House
£625	09/24	1.31 mi	Pentland Close, Peterlee, Durham, SR8 2LA	3	Terraced House
£595	09/24	1.31 mi	Polden Close, Peterlee	3	Terraced House
£525	02/23	1.33 mi	-	3	Terraced House
£525	03/25	1.33 mi	-	2	Semi-Detached House
£450	12/24	1.36 mi	Wordsworth Avenue, Wheatley Hill, Durham, DH6 3RE	3	Detached House
£1,800	10/24	1.38 mi	-	3	Semi-Detached House
£750	01/25	1.39 mi	-	3	Terraced House
£795	03/24	1.4 mi	-	2	House
£750	02/25	1.4 mi	-	2	House
£600	10/24	1.41 mi	-	3	Terraced House
£525	06/24	1.43 mi	-	2	Terraced House
£625	05/24	1.44 mi	-	3	Semi-Detached House
£550	01/25	1.46 mi	-	3	Terraced House
£620	04/24	1.49 mi	-	2	Semi-Detached House
£500	03/25	1.51 mi	-	2	Terraced House
£600	12/24	1.51 mi	Johnson Estate, Wheatley Hill	3	Detached House
£725	12/24	1.52 mi	-	3	Semi-Detached House
£695	01/25	1.52 mi	-	3	Semi-Detached House

Local Area Statistics

Population in DH6	33,46633,466
Population in Durham	124,445124,445
Town centre distance	7.42 miles away7.42 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	3.39 miles away3.39 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+11%+11%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+9%+9%

Property History

Price changed to £59,950

December 31, 2024

Listed for £69,950

December 13, 2024

Sold for £55,000

2008

Description

Two double bedrooms +
Semi detached property +
No forward chain +
Ready to move into +
Potential rental return of £525pcm +
Gardens to front and rear +

Pattinson Estate Agents welcome for sale this recently updated and ready to move into property situated on William Morris Terrace, in Shotton, County Durham.
The property is ready to move into and would lend itself to a multitude of buyers including; first time buyers, buy to let investors or those looking to downsize.
In brief, the property offers; entrance vestibule, lounge, kitchen, utility area, two bedrooms and a family bathroom. Externally, the property benefits from offering gardens to both front and rear aspects and on street parking.
We anticipate a high level of demand in this realistically priced home, and early viewing is essential to avoid disappointment. To arrange your viewing, call our Peterlee office on: .

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Peterlee

0191 625 0949

Next Steps?

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

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ValuationFair Value

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Local Area Statistics

Property History

Description

Agent Details

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