2 Bed Terraced House, Cash/Bridging Only, DH9 7BJ, £59,000

69 William Street, South Moor, Stanley, DH9 7BJ - 3 views - 4 months ago

Sold STC
Cash
ROI: 6%
~68 m²
+18 photos

ValuationOvervalued

Sold Prices£24.5K - £150K
Sold Prices/m²£340/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£866/m²

Value Estimate

£54,088

 

 

End Value (After Refurb)

£55,453

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£14,750

Stamp Duty & Legal Fees

£2,970

Refurb Costs

£26,271

Bridging Loan Interest

£1,549

Total Cash In

£47,290

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£55,453

Mortgage (After Refinance)

£41,590

Mortgage LTV

75%

Cash Left In

£47,290

Equity

£13,863

Rent Range

£420 - £600

Rent Estimate

£522

Running Costs/mo

£298

Cashflow/mo

£224

Cashflow/yr

£2,692

ROI

6%

Gross Yield

11%

Local Sold Prices

50 sold prices from £24.5K to £150K, average is £62.5K. £340/m² to £1.9K/m², average is £794/m².

PriceDateDistanceAddressBeds 
£52K07/210.03 mi25, William Street, South Moor, Stanley, Durham DH9 7BJ2
£24.5K01/210.03 mi17, William Street, South Moor, Stanley, Durham DH9 7BJ2
£45K06/230.03 mi6, John Street, South Moor, Stanley, County Durham DH9 7BG2
£52K08/210.06 mi46, Mitchell Street, South Moor, Stanley, Durham DH9 7BQ2
£35.5K12/200.1 mi3, Elm Street, South Moor, Stanley, Durham DH9 7EA2
£44K11/210.11 mi62, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£28.5K03/210.11 mi60, Elm Street, South Moor, Stanley, Durham DH9 7EB2
£55K03/230.16 mi6, Bircham Street, Stanley, County Durham DH9 7AE2
£64K05/230.17 mi37, School Terrace, Stanley, County Durham DH9 7QN2
£45K04/210.17 mi36, Fern Avenue, Stanley, Durham DH9 7QY2
£36K10/210.17 mi30, Fern Avenue, Stanley, County Durham DH9 7QY2
£54K02/230.17 mi23, Fern Avenue, Stanley, County Durham DH9 7QY2
£40K11/200.17 mi10, Fern Avenue, Stanley, County Durham DH9 7QY2
£65K08/210.21 mi3, South Field Court, South Stanley, Stanley, County Durham DH9 7BX2
£77K06/210.24 mi48, Southfields, Stanley, Durham DH9 7PQ2
£54K02/230.27 mi26, Rose Avenue, Stanley, County Durham DH9 7RB2
£53K07/210.27 mi57, Southfields, Stanley, County Durham DH9 7PG2
£49K01/210.27 mi19, Standish Street, Stanley, County Durham DH9 7AD2
£55K02/210.32 mi13, Coquet Gardens, Stanley, Durham DH9 7PN2
£63K03/230.36 mi82, Eastfields, Stanley, County Durham DH9 7DN2
£73.5K02/230.37 mi79, Eastfields, Stanley, County Durham DH9 7DN2
£62K01/210.37 mi89, Eastfields, Stanley, Durham DH9 7DN2
£60K03/210.39 mi29, Waveney Gardens, Stanley, Durham DH9 7NG2
£83K11/210.4 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£75K11/200.4 mi72, Orwell Gardens, Stanley, Durham DH9 6QA2
£98K01/230.4 mi39, Orwell Gardens, Stanley, County Durham DH9 6QA2
£57K04/230.44 mi2, Wardle Street, Quaking Houses, Stanley, County Durham DH9 7EX2
£72K11/210.47 mi33, Tyne Road East, Stanley, Durham DH9 6NF2
£115K11/200.48 mi30, Pea Road, Stanley, County Durham DH9 7RG2
£50K11/200.48 mi24, Joseph Street, Stanley, Durham DH9 7NS2
£70K08/210.48 mi1, Joseph Street, Stanley, Durham DH9 7NS2
£77.5K06/230.48 mi5, Joseph Street, Stanley, County Durham DH9 7NS2
£63K12/220.49 mi2, Garden Terrace, Stanley, County Durham DH9 7NP2
£63.5K01/230.5 mi44, Spen Street, Stanley, County Durham DH9 7NJ2
£81.8K02/230.5 mi9, Evelyn Terrace, Stanley, County Durham DH9 7RN2
£120K12/220.54 mi1, Oxhill Villas, Stanley, County Durham DH9 7JT2
£35K11/200.54 mi10, Spen Street, Stanley, Durham DH9 7NJ2
£150K11/200.56 mi4, Oxhill Villas, Stanley, Durham DH9 7JT2
£50K04/210.58 mi12, Fourth Street, Quaking Houses, Stanley, Durham DH9 7HB2
£88K01/230.59 mi12, Jubilee Terrace, Stanley, County Durham DH9 7JJ2
£83K11/200.6 mi26, Wansbeck Avenue, Stanley, Durham DH9 6HY2
£78K12/200.6 mi27, Wansbeck Avenue, Stanley, County Durham DH9 6HS2
£48.3K12/200.62 mi26, Tweed Terrace, Stanley, Durham DH9 6JN2
£86K03/230.62 mi24, Tweed Terrace, Stanley, County Durham DH9 6JN2
£72.5K06/230.63 mi2, Valley Close, South Stanley, Stanley, County Durham DH9 6HQ2
£97.5K11/220.65 mi14, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£68K02/230.66 mi8, Wansbeck Avenue, Stanley, County Durham DH9 6HR2
£50K06/210.67 mi8, Mulberry Terrace, Stanley, Durham DH9 7JH2
£50K09/210.67 mi7, Mulberry Terrace, Stanley, County Durham DH9 7JH2
£66K02/210.73 mi51, Wear Road, Stanley, County Durham DH9 6HL2

Local Rents

20 rents from £420/mo to £600/mo, average is £543/mo.

RentDateDistanceAddressBeds 
£55012/240.08 miPoplar Street, Stanley, County Durham, DH92
£55004/250.08 mi-2
£42512/240.08 mi-2
£50001/250.1 mi-2
£49012/240.1 miPoplar Street, Stanley, County Durham, DH92
£45001/250.11 mi-2
£50003/250.13 mi-2
£55012/240.14 miOliver Street, Stanley, Durham, DH9 7AQ2
£55004/250.15 mi-2
£52512/240.15 miPine Street, Stanley, County Durham, DH92
£55002/250.17 mi-2
£42012/240.2 miPark Road, Stanley, County Durham, DH92
£55012/240.2 miBircham Street, South Moor, Stanley, DH92
£53502/250.23 mi-2
£60012/240.4 miOrwell Gardens, Stanley, Durham, DH92
£59512/240.54 miHollyhill Gardens, Stanley, DH92
£57512/240.6 miWear Road, Stanley, County Durham, DH92
£47512/240.6 miCoronation Terrace, Stanley, Durham, DH92
£59510/240.61 mi-2
£49512/240.62 miUnity Terrace, Stanley2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.40 miles away

Nearest train station

5.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £59,000

January 10, 2025

Floor Plans

Description

  • No onward chain. +
  • Two-bedroom mid-terraced house – ideal for first-time buyers or investors. +
  • Off-street parking. +
  • 2 bedrooms. +
  • Garden to the front. +
  • Recently refurbished – includes a new kitchen, bathroom, and fresh carpets. +
  • Self-contained yard to the rear. +
  • Gas combi central hearing, Council Tax A. +
  • EPC rating C (72), freehold. +
  • Virtual tours available. +

Available with no onward chain, this well-presented two-bedroom mid-terraced house boasts off-street parking and a front-facing garden. Recently refurbished to a high standard, the property features a brand-new kitchen, bathroom, and fresh carpets throughout. The accommodation includes a cosy lounge, a breakfasting kitchen, a first-floor landing, two bedrooms, and a modern bathroom. Externally, there is a private yard, garden, and driveway. Additional benefits include gas combi central heating, uPVC double glazing, an EPC rating of C (72), and a Council Tax band of A. Please note, the property is located within a Selective Licence Zone. 

LOUNGE 15' 2" x 15' 1" (4.64m x 4.62m) Staircase to the first floor, uPVC double glazed window, double radiator, inset LED spotlights and a doorway leading to the breakfasting kitchen. 

BREAKFASTING KITCHEN 7' 11" x 15' 1" (2.42m x 4.62m) Refitted kitchen with a range of wall and base units with contrasting laminate worktops and upturns. Space for a cooker, sink with pull-out mixer tap, plumbed for a washing machine space for a large fridge/freezer, breakfast bar, double radiator, LED spotlights, uPVC double glazed window and matching exit door to the yard. 

FIRST FLOOR  

LANDING Loft access hatch, doors lead to the bedrooms and bathroom. 

BEDROOM 1 (TO THE FRONT) 13' 3" x 15' 1" (maximum) (4.04m x 4.62m) uPVC double glazed window and a double radiator. 

BEDROOM 2 (TO THE REAR) 10' 0" x 8' 7" (3.07m x 2.62m) uPVC double glazed window and a double radiator. 

BATHROOM 6' 9" x 6' 2" (2.07m x 1.90m) White suite featuring a panelled bath with shower fitment, WC, pedestal wash basin, towel radiator, uPVC double glazed window and PVC panelled walls. 

EXTERNAL  

TO THE FRONT Adjacent to the property is a large garden with driveway providing off-street parking. 

TO THE REAR Self-contained yard with brick tool store. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating C (72). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

COUNCIL TAX The property is in Council Tax band A. 

TENURE We understand that the property is freehold. We would recommend that any purchaser has this confirmed by their legal advisor.  

SELECTIVE LICENCE Please note that this property falls within the Local Authority Selective Licensing zone where a Landlord is required to register the property with the council every five years. Charges apply. Please visit for further information. 

VIEWINGS We have created a virtual tour which can be viewed on our YouTube channel, our website, property portals and our social media accounts such as Facebook, Twitter and Instagram. To arrange a viewing please contact the office.  

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed. 

AGENTS NOTE Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract. The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property. We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.

Agent Details

David Bailes, Stanley

01207 265903

Next Steps?

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