2 Bed Semi-Detached House, Refurb/BRRR, Chester-le-Street, DH2 2JG, £95,000

South Street, Chester Le Street, Durham, DH2 2JG - 5 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£50K - £257.5K
Sold Prices/m²£768/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£81,637

 

 

End Value (After Refurb)

£97,598

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Refurb Costs

£26,155

Bridging Loan Interest

£2,494

Total Cash In

£58,198

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£97,598

Mortgage (After Refinance)

£73,199

Mortgage LTV

75%

Cash Released

£1,949

Cash Left In

£56,250

Equity

£24,400

Rent Range

£450 - £1,275

Rent Estimate

£695

Running Costs/mo

£464

Cashflow/mo

£231

Cashflow/yr

£2,772

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £50K to £257.5K, average is £107K. £768/m² to £3.2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£119K06/230.04 mi18, Glenmore Avenue, Chester Le Street, County Durham DH2 2JQ2
£116K12/220.05 mi21, Glenmore Avenue, Chester Le Street, County Durham DH2 2JQ2
£132.5K12/220.08 mi20, Glenmore Avenue, Chester Le Street, County Durham DH2 2JQ2
£114K02/210.08 mi27, South Street, Chester Le Street, County Durham DH2 2JG2
£82K05/230.08 mi11, South Street, Chester Le Street, County Durham DH2 2JG2
£77K12/200.14 mi5, Prospect Terrace, Chester Le Street, Durham DH3 3TN2
£75K02/210.16 mi15, Prospect Street, Chester Le Street, Durham DH3 3TQ2
£125K10/210.18 mi4, Glen Barr, Chester Le Street, Durham DH2 2JN2
£90K03/230.2 mi19, Conyers Road, Chester Le Street, County Durham DH2 2HD2
£90K09/210.2 mi3, Glenavon Avenue, Chester Le Street, Durham DH2 2JL2
£75K04/230.2 mi2a, Glenavon Avenue, Chester Le Street, County Durham DH2 2JL2
£100K01/230.25 mi14, Park View, Chester Le Street, County Durham DH2 2JW2
£85K11/210.27 mi1, Cooperative Street, Chester Le Street, Durham DH3 3EX2
£77K01/210.27 mi23, Tuart Street, Chester Le Street, Durham DH3 3EN2
£162.5K06/210.27 mi125, Hilda Park, Chester Le Street, County Durham DH2 2JS2
£136.5K02/210.27 mi137, Hilda Park, Chester Le Street, Durham DH2 2JS2
£78K03/210.29 mi45, Conyers Road, Chester Le Street, Durham DH2 2HE2
£180K03/210.29 mi48, Newcastle Road, Chester Le Street, County Durham DH3 3UB2
£205.2K03/230.29 mi48, Newcastle Road, Chester Le Street, County Durham DH3 3UB2
£149.9K11/210.32 mi28, Tudor Road, Chester Le Street, County Durham DH3 3RY2
£125K05/210.32 mi32, Tudor Road, Chester Le Street, Durham DH3 3RY2
£115K06/230.34 mi8, Picktree Cottages, Chester Le Street, County Durham DH3 3RP2
£175K08/210.36 mi3, Highfield Crescent, Chester Le Street, Durham DH3 3UJ2
£164K01/210.36 mi10, Highfield Crescent, Chester Le Street, County Durham DH3 3UJ2
£190K12/220.36 mi5, Highfield Crescent, Chester Le Street, County Durham DH3 3UJ2
£230K07/230.38 mi60, Newcastle Road, Chester Le Street, County Durham DH3 3UF2
£93K12/200.39 mi1, Cone Terrace, Chester Le Street, Durham DH3 3QH2
£148K12/220.4 mi20, Hopgarth Gardens, Chester Le Street, County Durham DH3 3RJ2
£78.5K10/210.4 mi21, Station View, Chester Le Street, County Durham DH2 2DF2
£74K03/210.4 mi34, The Avenue, Chester Le Street, Durham DH2 2DB2
£99K06/230.44 mi20, The Anchorage, Chester Le Street, County Durham DH3 3QW2
£60K02/210.45 mi6, Elm Street, Chester Le Street, County Durham DH3 3EA2
£69K05/210.45 mi14, Elm Street, Chester Le Street, County Durham DH3 3EA2
£175.4K10/210.48 mi1, Willowvale, Chester Le Street, County Durham DH2 2LH2
£58K06/210.53 mi23, Victor Street, Chester Le Street, Durham DH3 3DP2
£50K05/230.53 mi10, Victor Street, Chester Le Street, County Durham DH3 3DP2
£98K04/230.53 mi9, Clarence Terrace, Chester Le Street, County Durham DH3 3DG2
£68K08/210.53 mi17, Pine Street, Chester Le Street, County Durham DH3 3DW2
£125K10/210.55 mi1, Castle Riggs, Chester Le Street, Durham DH2 2DL2
£65K01/230.55 mi6, Finchdale Terrace, Chester Le Street, County Durham DH3 3DL2
£195K11/200.55 mi20, Elvet Green, Chester Le Street, County Durham DH2 2ER2
£100K11/220.57 mi166, Wynyard, Chester Le Street, County Durham DH2 2TQ2
£170K02/210.61 mi34, St Cuthberts Avenue, Chester Le Street, Durham DH3 3PS2
£220K10/220.61 mi3, St Cuthberts Avenue, Chester Le Street, County Durham DH3 3PS2
£65K01/210.62 mi6, Adelaide Street, Chester Le Street, County Durham DH3 3HY2
£79K11/200.62 mi5, Hemel Street, Chester Le Street, Durham DH3 3HP2
£116K11/200.63 mi21, Ashton Rise, Chester Le Street, Durham DH2 2JA2
£131K11/200.63 mi3, Ashton Rise, Chester Le Street, Durham DH2 2JA2
£257.5K11/220.63 miThistledown, Pelton Fell Road, Chester Le Street, County Durham DH2 2NG2
£81K03/210.66 mi11, Ernest Terrace, Chester Le Street, Durham DH3 3HR2

Local Rents

15 rents from £450/mo to £1.3K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£67512/240.15 miProspect Street, Chester Le Street, County Durham2
£67512/240.25 mi-2
£62512/240.27 miPelaw Crescent, Chester Le Street, County Durham, DH22
£65012/240.29 miHighfield Rise, Chester Le Street, Dh32
£70011/240.34 mi-2
£58012/240.37 mi-2
£75012/240.38 mi-2
£1,27506/240.43 mi-2
£65012/240.45 miThe Anchorage, Chester Le Street, County Durham, DH32
£62512/240.47 miHigh Chare, Chester Le Street, County Durham, DH32
£67008/240.47 mi-2
£65004/250.49 mi-2
£75012/240.5 miCentral Exchange, Chester le Street2
£45012/240.54 miPoplar Street, Chester Le Street, Durham, DH32
£65012/240.6 mi-2

Local Area Statistics

Population in DH2

30,579

Population in Chester-le-Street

56,377

Town centre distance

0.29 miles away

Nearest school

0.20 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £95,000

December 23, 2024

Description

  • Pleasant position with views +
  • EPC rating of D +
  • Council tax band A +
  • Well-connected location +
  • Close to local amenities +
  • Near highly-regarded schools +
  • Potential for modernisation +

This semi-detached house, currently listed for sale, presents an excellent opportunity for first-time buyers or families alike. Occupying a pleasant position with fantastic views from the rear elevation, this property offers a unique blend of comfort and potential.

The house is built to a traditional two-bedroom layout with a generously sized reception/dining room. The kitchen provides convenient access to the garden, reinforcing the openness of the home and offering an easy transition from indoor to outdoor living.

The garden itself is a standout feature. It provides an ideal space for children to play, for outdoor dining or simply enjoying the views.

The house is positioned in a well-connected location, with public transport links, local amenities, and green spaces all within easy reach. It's also near several highly-regarded schools, underlining the suitability of this home for families.

The property could benefit from some modernisation, however it has been well looked after by the previous owners, which is a testament to its quality and appeal.

The house has an EPC rating of D and falls within Council Tax Band A.

This is a fabulous home in need of a loving touch to unlock its full potential. Don't miss out on this unique opportunity to create your dream home in a fantastic location!

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

CST240029/2

Agent Details

Reeds Rains, Chester le Street

0191 625 0992

Next Steps?

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