2 Bed Terraced House, Cash/Bridging Only, Chester-le-Street, DH3 1ED, £80,000





ValuationFair Value
Sold Prices | £42K - £285K |
Sold Prices/m² | £627/m² - £3.2K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.2K/m² |
Value Estimate | £81,600 |
| |
End Value (After Refurb) | £87,853 |
Uplift in Value | +10% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £20,000 |
Stamp Duty & Legal Fees | £3,600 |
Refurb Costs | £26,073 |
Bridging Loan Interest | £2,100 |
Total Cash In | £53,523 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £87,853 |
Mortgage (After Refinance) | £65,890 |
Mortgage LTV | 75% |
Cash Released | £5,890 |
Cash Left In | £47,633 |
Equity | £21,963 |
Rent Range | £500 - £825 |
Rent Estimate | £650 |
Running Costs/mo | £425 |
Cashflow/mo | £225 |
Cashflow/yr | £2,706 |
ROI | 5% |
Gross Yield | 10% |
Local Sold Prices
33 sold prices from £42K to £285K, average is £89K. £627/m² to £3.2K/m², average is £1.3K/m².
Local Rents
14 rents from £500/mo to £825/mo, average is £673/mo.
Local Area Statistics
Population in DH3 | 25,797 |
Population in Chester-le-Street | 56,377 |
Town centre distance | 2.70 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 2.91 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | +13% |
Sales demand | Balanced market |
Capital growth (5yrs) | -3% |
Property History
Listed for £80,000
December 26, 2024
Sold for £50,000
2019
Sold for £35,000
2003
Sold for £25,000
2001
Floor Plans

Description
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