2 Bed Terraced House, Refurb/BRRR, DH9 7NJ, £45,000





ValuationFair Value
Sold Prices | £24.5K - £115K |
Sold Prices/m² | £340/m² - £2.4K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £661/m² |
Value Estimate | £45,450£45,450 |
| |
End Value (After Refurb) | £66,108£66,108 |
Uplift in Value | +47%+47% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £11,250£11,250 |
Stamp Duty & Legal Fees | £2,550£2,550 |
Refurb Costs | £26,271£26,271 |
Bridging Loan Interest | £1,181£1,181 |
Total Cash In | £43,003£43,003 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £66,108£66,108 |
Mortgage (After Refinance) | £49,581£49,581 |
Mortgage LTV | 75%75% |
Cash Released | £15,831£15,831 |
Cash Left In | £27,172£27,172 |
Equity | £16,527£16,527 |
Rent Range | £420 - £600£420 - £600 |
Rent Estimate | £540 |
Running Costs/mo | £335£335 |
Cashflow/mo | £205£205 |
Cashflow/yr | £2,465£2,465 |
ROI | 6%6% |
Gross Yield | 14%14% |
Local Sold Prices
50 sold prices from £24.5K to £115K, average is £63.3K. £340/m² to £2.4K/m², average is £820/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£35K | 11/20 | 0 mi | 10, Spen Street, Stanley, Durham DH9 7NJ | £538 | 65 | 2 | Terraced House | |
£63.5K | 01/23 | 0.05 mi | 44, Spen Street, Stanley, County Durham DH9 7NJ | - | - | 2 | Terraced House | |
£63K | 12/22 | 0.06 mi | 2, Garden Terrace, Stanley, County Durham DH9 7NP | £900 | 70 | 2 | Terraced House | |
£70K | 08/21 | 0.12 mi | 1, Joseph Street, Stanley, Durham DH9 7NS | £680 | 103 | 2 | Terraced House | |
£77.5K | 06/23 | 0.12 mi | 5, Joseph Street, Stanley, County Durham DH9 7NS | £1,140 | 68 | 2 | Terraced House | |
£50K | 11/20 | 0.12 mi | 24, Joseph Street, Stanley, Durham DH9 7NS | £751 | 67 | 2 | Terraced House | |
£78K | 12/20 | 0.17 mi | 27, Wansbeck Avenue, Stanley, County Durham DH9 6HS | £1,068 | 73 | 2 | Semi-Detached House | |
£73.5K | 02/23 | 0.18 mi | 79, Eastfields, Stanley, County Durham DH9 7DN | - | - | 2 | Terraced House | |
£62K | 01/21 | 0.18 mi | 89, Eastfields, Stanley, Durham DH9 7DN | £785 | 79 | 2 | Terraced House | |
£63K | 03/23 | 0.19 mi | 82, Eastfields, Stanley, County Durham DH9 7DN | £504 | 125 | 2 | Terraced House | |
£83K | 11/20 | 0.19 mi | 26, Wansbeck Avenue, Stanley, Durham DH9 6HY | £1,050 | 79 | 2 | Terraced House | |
£81.8K | 02/23 | 0.2 mi | 9, Evelyn Terrace, Stanley, County Durham DH9 7RN | - | - | 2 | Terraced House | |
£97.5K | 11/22 | 0.22 mi | 14, Wansbeck Avenue, Stanley, County Durham DH9 6HR | - | - | 2 | Semi-Detached House | |
£68K | 02/23 | 0.22 mi | 8, Wansbeck Avenue, Stanley, County Durham DH9 6HR | - | - | 2 | Semi-Detached House | |
£72K | 11/21 | 0.24 mi | 33, Tyne Road East, Stanley, Durham DH9 6NF | £818 | 88 | 2 | Terraced House | |
£72.5K | 06/23 | 0.25 mi | 2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ | £1,318 | 55 | 2 | Terraced House | |
£70K | 02/23 | 0.27 mi | 53, Wear Road, Stanley, County Durham DH9 6HL | £1,061 | 66 | 2 | Semi-Detached House | |
£66K | 02/21 | 0.27 mi | 51, Wear Road, Stanley, County Durham DH9 6HL | £971 | 68 | 2 | Semi-Detached House | |
£87.5K | 04/23 | 0.28 mi | 20, Constable Close, Stanley, County Durham DH9 6TE | £1,067 | 82 | 2 | Terraced House | |
£48.3K | 12/20 | 0.29 mi | 26, Tweed Terrace, Stanley, Durham DH9 6JN | £732 | 66 | 2 | Terraced House | |
£86K | 03/23 | 0.29 mi | 24, Tweed Terrace, Stanley, County Durham DH9 6JN | £1,246 | 69 | 2 | Terraced House | |
£49K | 01/21 | 0.31 mi | 19, Standish Street, Stanley, County Durham DH9 7AD | £628 | 78 | 2 | Terraced House | |
£65K | 08/21 | 0.34 mi | 3, South Field Court, South Stanley, Stanley, County Durham DH9 7BX | £1,075 | 60 | 2 | Terraced House | |
£83K | 11/21 | 0.36 mi | 72, Orwell Gardens, Stanley, Durham DH9 6QA | £1,537 | 54 | 2 | Terraced House | |
£75K | 11/20 | 0.36 mi | 72, Orwell Gardens, Stanley, Durham DH9 6QA | £1,389 | 54 | 2 | Terraced House | |
£98K | 01/23 | 0.36 mi | 39, Orwell Gardens, Stanley, County Durham DH9 6QA | - | - | 2 | Semi-Detached House | |
£115K | 11/20 | 0.36 mi | 30, Pea Road, Stanley, County Durham DH9 7RG | £1,893 | 61 | 2 | Semi-Detached House | |
£55K | 03/23 | 0.39 mi | 6, Bircham Street, Stanley, County Durham DH9 7AE | - | - | 2 | Terraced House | |
£54K | 02/23 | 0.39 mi | 26, Rose Avenue, Stanley, County Durham DH9 7RB | - | - | 2 | Semi-Detached House | |
£64K | 05/23 | 0.4 mi | 37, School Terrace, Stanley, County Durham DH9 7QN | £810 | 79 | 2 | Terraced House | |
£55K | 02/21 | 0.42 mi | 13, Coquet Gardens, Stanley, Durham DH9 7PN | £821 | 67 | 2 | Semi-Detached House | |
£45K | 04/21 | 0.43 mi | 36, Fern Avenue, Stanley, Durham DH9 7QY | £535 | 84 | 2 | Terraced House | |
£36K | 10/21 | 0.43 mi | 30, Fern Avenue, Stanley, County Durham DH9 7QY | £507 | 71 | 2 | Terraced House | |
£54K | 02/23 | 0.43 mi | 23, Fern Avenue, Stanley, County Durham DH9 7QY | £794 | 68 | 2 | Terraced House | |
£40K | 11/20 | 0.43 mi | 10, Fern Avenue, Stanley, County Durham DH9 7QY | - | - | 2 | Terraced House | |
£60K | 03/21 | 0.44 mi | 29, Waveney Gardens, Stanley, Durham DH9 7NG | £909 | 66 | 2 | Semi-Detached House | |
£53K | 07/21 | 0.46 mi | 57, Southfields, Stanley, County Durham DH9 7PG | - | - | 2 | Semi-Detached House | |
£71.5K | 03/21 | 0.46 mi | 4, Engels Terrace, Stanley, County Durham DH9 6QG | £2,383 | 30 | 2 | Terraced House | |
£62.5K | 11/20 | 0.47 mi | 11, Walton Close, Stanley, Durham DH9 6TH | £947 | 66 | 2 | Terraced House | |
£32.8K | 01/21 | 0.48 mi | 107, John Street, Beamish, Stanley, County Durham DH9 0QP | £395 | 83 | 2 | Semi-Detached House | |
£77K | 06/21 | 0.51 mi | 48, Southfields, Stanley, Durham DH9 7PQ | £1,027 | 75 | 2 | Terraced House | |
£52K | 07/21 | 0.52 mi | 25, William Street, South Moor, Stanley, Durham DH9 7BJ | £722 | 72 | 2 | Terraced House | |
£24.5K | 01/21 | 0.52 mi | 17, William Street, South Moor, Stanley, Durham DH9 7BJ | £340 | 72 | 2 | Terraced House | |
£63K | 08/21 | 0.53 mi | 18, Coates Close, Stanley, Durham DH9 6XA | £594 | 106 | 2 | Terraced House | |
£45K | 06/23 | 0.54 mi | 6, John Street, South Moor, Stanley, County Durham DH9 7BG | £692 | 65 | 2 | Terraced House | |
£80K | 04/23 | 0.55 mi | 37, Ridley Street, Stanley, County Durham DH9 0PD | - | - | 2 | Terraced House | |
£56K | 02/21 | 0.55 mi | 28, Ridley Street, Stanley, Durham DH9 0PD | £809 | 69 | 2 | Terraced House | |
£66K | 06/23 | 0.57 mi | 2, West View Gardens, Stanley, County Durham DH9 8AR | £1,122 | 59 | 2 | Terraced House | |
£52K | 08/21 | 0.6 mi | 46, Mitchell Street, South Moor, Stanley, Durham DH9 7BQ | - | - | 2 | Terraced House | |
£53.5K | 12/20 | 0.62 mi | 9, Malvern Terrace, Stanley, County Durham DH9 6QW | £686 | 78 | 2 | Semi-Detached House |
Local Rents
16 rents from £420/mo to £600/mo, average is £550/mo.
Rent | Date | Distance | Address | Beds | Type | |
£575 | 12/24 | 0.15 mi | Wear Road, Stanley, County Durham, DH9 | 2 | Detached House | |
£550 | 12/24 | 0.35 mi | Bircham Street, South Moor, Stanley, DH9 | 2 | Terraced House | |
£600 | 12/24 | 0.35 mi | Orwell Gardens, Stanley, Durham, DH9 | 2 | Terraced House | |
£420 | 12/24 | 0.36 mi | Park Road, Stanley, County Durham, DH9 | 2 | Flat | |
£535 | 02/25 | 0.41 mi | - | 2 | Terraced House | |
£595 | 12/24 | 0.41 mi | Belle Street, Stanley, DH9 | 2 | Terraced House | |
£550 | 12/24 | 0.42 mi | Oliver Street, Stanley, Durham, DH9 7AQ | 2 | Terraced House | |
£500 | 03/25 | 0.43 mi | - | 2 | Terraced House | |
£450 | 01/25 | 0.44 mi | - | 2 | Flat | |
£550 | 02/25 | 0.49 mi | - | 2 | Terraced House | |
£595 | 12/24 | 0.49 mi | Hollyhill Gardens, Stanley, DH9 | 2 | Detached House | |
£575 | 12/24 | 0.51 mi | Church Street, Stanley, County Durham, DH9 | 2 | Terraced House | |
£550 | 04/25 | 0.57 mi | - | 2 | Terraced House | |
£550 | 12/24 | 0.57 mi | Poplar Street, Stanley, County Durham, DH9 | 2 | Terraced House | |
£525 | 12/24 | 0.6 mi | - | 2 | Terraced House | |
£500 | 01/25 | 0.62 mi | - | 2 | Terraced House |
Local Area Statistics
Population in DH9 | 36,67336,673 |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 4.92 miles away4.92 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +3%+3% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +8%+8% |
Property History
Listed for £45,000
December 18, 2024
Floor Plans

Description
- Council Tax Band A, Freehold +
- NO CHAIN +
- Great Investment Opportunity +
- In Need of Some Renovation +
- Two Bedrooms - One With Fitted Wardrobes +
- Three-Piece Bathroom +
- Low Maintenance Yard + Shed +
- Convenient Location +
- Viewing Advised +
This NO CHAIN terraced house, in need of some renovation and modernisation, would make a great investment opportunity or home. Do you have a vision for your future home - can you see yourself creating the property of your dreams? Call now to book your viewing!
This terraced house is located in Stanley, Durham with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.
The accommodation briefly comprises a welcoming entrance way, a spacious living room and a kitchen with a wrap around utility/store area.
To the first floor is an inviting landing area through to two well-proportioned bedrooms, the master of which boasts a built in wardrobe and a three-piece bathroom with a tub-shower combination, a hand wash basin and a WC.
Externally, the property benefits from a rear yard.
This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.
Premium Fast Sale
The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.
Benefits
o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team
Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.
All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.
Deposit
Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.
This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.
An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.
Exclusivity
Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.
Process
Our Premium Fast Sale Plus follows the below process:
STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete
Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.
If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.
Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.
Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Please call us now to book an appointment.
We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.
Please call us now to book an appointment.
Call Recording
Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Disclaimer
Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:
The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
TENURE
To be confirmed by the Vendor's Solicitors
Note
The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.
How to View this Property
Viewing is strictly by appointment please call us now for bookings.
AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.
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