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3 Bed Terraced House, Single Let, Chester-le-Street, DH3 2DU, £99,950

Dorset Avenue, Birtley, Chester Le Street, DH3 2DU - 3 views - 3 months ago

BTL
ROI: 10%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£74K - £485K
Sold Prices/m²£949/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£122,939
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£4,199

Total Cash In

£29,186

 

 

Cash Out

 

Rent Range

£600 - £3,300

Rent Estimate

£725

Running Costs/mo

£477

Cashflow/mo

£248

Cashflow/yr

£2,972

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £74K to £485K, average is £166.3K. £949/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£95K09/210.04 mi152, Dorset Avenue, Birtley, Chester Le Street, Tyne And Wear DH3 2DZ3
£74K12/200.04 mi152, Dorset Avenue, Birtley, Chester Le Street, Tyne And Wear DH3 2DZ3
£139.9K06/210.1 mi6, Cambridge Place, Birtley, Chester Le Street, Tyne And Wear DH3 2DF3
£135K11/220.17 mi12, Elgin Place, Birtley, Chester Le Street, Tyne And Wear DH3 2DW3
£130K06/230.17 mi32, Oxford Place, Birtley, Chester Le Street, Tyne And Wear DH3 2AX3
£120K08/210.19 mi10, Northumberland Place, Birtley, Chester Le Street, Tyne And Wear DH3 2AP3
£138.5K09/210.19 mi15, Renfrew Place, Vigo, Chester Le Street, Tyne And Wear DH3 2DP3
£147.5K04/230.22 mi16, Cumberland Place, Birtley, Chester Le Street, Tyne And Wear DH3 2AT3
£173K04/210.23 mi34, Durham Place, Birtley, Chester Le Street, Tyne And Wear DH3 2AZ3
£102.5K03/230.23 mi30, Durham Place, Birtley, Chester Le Street, Tyne And Wear DH3 2AZ3
£154K10/210.25 mi18, Kinross Close, Birtley, Chester Le Street, Tyne And Wear DH3 2HG3
£110K07/210.26 mi18, Lothian Close, Birtley, Chester Le Street, Tyne And Wear DH3 2HQ3
£176K11/210.32 mi23, Colebrooke, Birtley, Chester Le Street, Tyne And Wear DH3 2LF3
£165K11/210.32 mi29, Colebrooke, Birtley, Chester Le Street, Tyne And Wear DH3 2LF3
£178K11/210.32 mi21, Colebrooke, Birtley, Chester Le Street, Tyne And Wear DH3 2LF3
£117K07/210.32 mi32, Nairn Close, Birtley, Chester Le Street, Tyne And Wear DH3 2HF3
£110K10/210.33 mi1, Portree Close, Birtley, Chester Le Street, Tyne And Wear DH3 2HL3
£162.5K01/230.34 mi3, Scafell, Birtley, Chester Le Street, Tyne And Wear DH3 2HD3
£170K06/230.34 mi1, Scafell, Birtley, Chester Le Street, Tyne And Wear DH3 2HD3
£126K01/210.35 mi19, Hartside, Birtley, Chester Le Street, Tyne And Wear DH3 2EP3
£122K11/220.39 mi12a, Hartside, Birtley, Chester Le Street, Tyne And Wear DH3 2EW3
£167.5K02/210.41 mi3, Langdale, Birtley, Chester Le Street, Tyne And Wear DH3 2EJ3
£127K07/210.42 mi7, Kentmere, Birtley, Chester Le Street, Tyne And Wear DH3 2EH3
£317K12/220.46 mi42, Picktree Lodge, Chester Le Street, County Durham DH3 4DJ3
£230K01/210.47 mi7, Vigodale, Birtley, Chester Le Street, Tyne And Wear DH3 2HP3
£190K12/200.48 mi8, Napier Close, Chester Le Street, County Durham DH3 4BN3
£215K03/210.48 mi3, Caxton Way, Chester Le Street, Durham DH3 4BW3
£159.9K02/230.48 miSprings Farm, Lydford Way, Birtley, Chester Le Street, Tyne And Wear DH3 2LT3
£168.5K11/210.54 mi25, Thirlmere, Birtley, Chester Le Street, Tyne And Wear DH3 2JY3
£205.1K05/210.54 mi14, Thirlmere, Birtley, Chester Le Street, Tyne And Wear DH3 2JY3
£126.5K05/210.54 mi9, Polperro Close, Birtley, Chester Le Street, Tyne And Wear DH3 2NA3
£218K06/230.55 mi54, Dunvegan, Birtley, Chester Le Street, Tyne And Wear DH3 2JH3
£147.5K02/210.55 mi8, Dunvegan, Birtley, Chester Le Street, Tyne And Wear DH3 2JH3
£216K10/220.55 mi18, Dunvegan, Birtley, Chester Le Street, Tyne And Wear DH3 2JH3
£133K12/200.58 mi23, Dunvegan, Birtley, Chester Le Street, Tyne And Wear DH3 2JQ3
£235K05/210.59 mi4, Ouston Spring Farm Cottages, Ouston, Chester Le Street, Durham DH2 1JL3
£220K01/230.61 mi30, Leander Avenue, Chester Le Street, County Durham DH3 4BH3
£300K04/230.61 mi13, The Springs, Birtley, Chester Le Street, Tyne And Wear DH3 2NB3
£118K11/200.61 mi109, Glenluce, Birtley, Chester Le Street, Tyne And Wear DH3 2JA3
£170K02/210.61 mi71, Glenluce, Birtley, Chester Le Street, Tyne And Wear DH3 2JA3
£172K03/210.61 mi75, Glenluce, Birtley, Chester Le Street, Tyne And Wear DH3 2JA3
£185K02/230.61 mi6, Glenluce, Birtley, Chester Le Street, Tyne And Wear DH3 2HY3
£182K11/220.63 mi87, Glenluce, Birtley, Chester Le Street, Tyne And Wear DH3 2JA3
£175K01/230.63 mi39, Lombard Drive, Chester Le Street, County Durham DH3 4BE3
£185K06/210.63 mi61, Lombard Drive, Chester Le Street, County Durham DH3 4BE3
£105K06/210.68 mi16, Fellside, Birtley, Chester Le Street, Tyne And Wear DH3 2NE3
£106K12/220.68 mi30, Fellside, Birtley, Chester Le Street, Tyne And Wear DH3 2NE3
£485K12/220.69 mi28, Graylands, High Rickleton, Washington, Tyne And Wear NE38 9HF3
£245K11/200.71 mi21, Graylands, High Rickleton, Washington, Tyne And Wear NE38 9HF3
£270K09/230.71 mi31, Graylands, High Rickleton, Washington, Tyne And Wear NE38 9HF3

Local Rents

11 rents from £600/mo to £3.3K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£72512/240.27 miSuffolk Place, Birtley, Chester Le Street, County Durham, DH33
£79512/240.54 miPolperro Close, DH33
£1,20012/240.6 mi-3
£1,50002/250.6 mi-3
£1,20005/240.86 miHarthope Close, Rickleton, Washington3
£3,30002/250.89 mi-3
£60012/240.95 miMorris Street, DH33
£75003/250.98 mi-3
£80012/241.08 miPetteril, Washington, Tyne and Wear, NE38 9EQ3
£72512/241.1 miPetteril, Washington, Tyne and Wear, NE383
£1,19512/241.16 miSycamore Crescent, Birtley, Chester Le Street3

Links

Local Area Statistics

Population in DH3

25,797

Population in Chester-le-Street

56,377

Town centre distance

1.79 miles away

Nearest school

0.20 miles away

Nearest train station

1.96 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £99,950

January 5, 2025

Floor Plans

Description

  • Well Proportioned 3 Bedroom House +
  • Gardens To Front & Rear +
  • Off Street Parking & Timber Garage +
  • Good Bedroom Sizes +
  • Conservatory +
  • Requires Some Updating +
  • Gas Central Heating Via Radiators +
  • Worcester Combination Boiler +
  • Replacement UPVC Double Glazing +
  • Freehold & No Chain +

This three-bedroom house occupies a good-sized plot with gardens to the front and rear. The back garden features a timber garage and double gates opening to an off-street parking area. The house has excellent bedroom sizes, making this an ideal family home. The layout comprises a hall, living room, kitchen, conservatory, shower room and wc, and three well proportioned first floor bedrooms. The specification includes gas central heating via radiators with a Worcester combination boiler, replacement uPVC double glazing and cavity wall insulation. There is no onward chain and a Freehold title.

This established residential location could hardly be more convenient for those seeking easy road access throughout the North East whilst having access to the local shops, schools and amenities in Birtley town centre. The A1M interchange is close and provides excellent road links to Durham City, Gateshead, Newcastle upon Tyne, Chester-le-Street and Sunderland.

Agents Notes:
Tenure: Freehold
Covenants: Standard estate covenants affect the property. Details are contained within a Transfer dated 18th August 1986 from The Borough Council of Gateshead and referred to within the Land Registry Title Register, which are available for inspection.
Council Tax Band: A (Gateshead Council)
Conservation Area: No
Selective Licencing Area: Not Included. See
Mains Services: Gas, Electricity, Water (vendor advises supply is not metered), Sewage
Broadband: Ultrafast fibre broadband is available in the postcode 1,000 mb/s. BT, Virgin Media, and Sky satellite/fibre TV are also available.
Mobile Coverage: Major networks provide mobile coverage.
Flood Risk: Rivers & Seas – No Risk; Surface Water – Very Low

Agent Details

J W Wood, Chester Le Street

0191 625 0107

Next Steps?

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

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