3 Bed Terraced House, Planning Permission, DH9 7UQ, £130,000

New Durham Road, Annfield Plain, Stanley, DH9 7UQ - 4 views - 3 months ago

Sold STC
Cash
Planning
ROI: 3%
~93 m²
+24 photos

ValuationOvervalued

Sold Prices£45K - £182K
Sold Prices/m²£643/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£102,537

 

 

End Value (After Refurb)

£130,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£35,871

Bridging Loan Interest

£3,413

Total Cash In

£78,634

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£130,000

Mortgage (After Refinance)

£97,500

Mortgage LTV

75%

Cash Left In

£78,634

Equity

£32,500

Rent Range

£600 - £1,000

Rent Estimate

£753

Running Costs/mo

£577

Cashflow/mo

£176

Cashflow/yr

£2,114

ROI

3%

Gross Yield

7%

Local Sold Prices

42 sold prices from £45K to £182K, average is £89K. £643/m² to £2.1K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£52K03/230.02 mi34, Durham Road, Annfield Plain, Stanley, County Durham DH9 7UF3
£108K10/200.05 mi14, Leeholme Court, Stanley, Durham DH9 7YD3
£77K07/230.05 mi15, Leeholme Court, Stanley, County Durham DH9 7YD3
£110K09/210.17 mi24, Teesdale Terrace, Stanley, County Durham DH9 7TU3
£100K12/220.18 mi1, Weardale Terrace, Annfield Plain, Stanley, County Durham DH9 7TX3
£86K01/210.18 mi21, Weardale Terrace, Stanley, Durham DH9 7TX3
£82K04/210.19 mi29, South View, Annfield Plain, Stanley, Durham DH9 7UB3
£90K03/230.35 mi5, Pennine Court, Stanley, County Durham DH9 8TZ3
£90K12/200.35 mi12, Pennine Court, Stanley, Durham DH9 8TZ3
£130K11/220.38 mi5, Stanleyburn Court, New Kyo, Stanley, County Durham DH9 7GA3
£82K12/200.41 mi7, Skiddaw Court, Stanley, Durham DH9 8UB3
£74K02/210.42 mi32, Hamsterley Gardens, Stanley, County Durham DH9 8JR3
£172K10/210.42 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£114K11/200.42 mi11, Queens Parade, Stanley, County Durham DH9 8JY3
£121.8K12/200.45 mi3, Sabin Court, Stanley, Durham DH9 7JA3
£72K04/230.52 mi3, Low Church Street, Stanley, County Durham DH9 8HF3
£130K10/210.55 mi16, Manor Drive, Stanley, County Durham DH9 8SS3
£182K03/210.55 mi4, Fairfield, Stanley, Durham DH9 8TR3
£88K01/230.56 mi4, Derwent Terrace, Stanley, County Durham DH9 8NN3
£73K11/210.57 mi19, Oakwood, Stanley, County Durham DH9 8ND3
£123K11/200.58 mi62, Windsor Drive, Stanley, Durham DH9 8SR3
£130K12/200.61 mi8, Valley View, Stanley, County Durham DH9 8EY3
£86K02/230.63 mi14, Annfield Place, Stanley, County Durham DH9 8NW3
£130K05/230.65 mi14, Bethany Gardens, Stanley, County Durham DH9 8SL3
£125K01/210.65 mi3, Garden Villas, West Kyo, Stanley, County Durham DH9 8SY3
£122.5K07/230.67 mi7, Croft Close, Greencroft, Stanley, County Durham DH9 8NZ3
£107K03/210.68 mi30, The Croft, Stanley, Durham DH9 8NQ3
£72.5K11/210.69 mi83, Annfield Place, Stanley, County Durham DH9 8NP3
£62K06/210.69 mi7, The Ridings, Stanley, Durham DH9 8EE3
£62K06/210.69 mi7, The Ridings, Stanley, Durham DH9 8EE3
£45K02/230.69 mi9, The Ridings, Stanley, County Durham DH9 8EE3
£87K02/210.7 mi20, North Terrace, Stanley, Durham DH9 7LD3
£117.5K03/210.73 mi14, Loud View Terrace, Stanley, County Durham DH9 8PG3
£105K02/210.73 mi16, Loud View Terrace, Stanley, Durham DH9 8PG3
£95K10/200.73 mi23, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD3
£67K11/220.76 mi23, Balmoral Avenue, Catchgate, Stanley, County Durham DH9 8FH3
£52K02/210.79 mi29, Langdon Gardens, Stanley, Durham DH9 8RR3
£63K01/210.84 mi17, Kirkfield Gardens, Stanley, Durham DH9 8SB3
£58K10/210.86 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£80K08/230.86 mi2, Harperley Gardens, Stanley, County Durham DH9 8RZ3
£105K03/210.89 mi15, Century Terrace, Catchgate, Stanley, County Durham DH9 8DZ3
£78.5K12/220.98 mi76, Fourth Street, Quaking Houses, Stanley, County Durham DH9 7HD3

Local Rents

15 rents from £600/mo to £1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75012/240.12 mi-3
£75012/240.12 mi-3
£70012/240.12 mi-3
£80012/240.12 mi-3
£80012/240.12 mi-3
£1,00002/250.12 mi-3
£1,00010/240.12 mi-3
£80003/250.12 mi-3
£80003/250.12 mi-3
£62512/240.12 miSouth View, Annfield Plain, Stanley3
£60008/230.24 mi-3
£65012/240.3 miClavering Place, Stanley, County Durham, DH93
£69507/230.54 mi-3
£62507/240.55 mi-3
£75002/250.59 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.10 miles away

Nearest train station

6.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £130,000

January 13, 2025

Floor Plans

Description

  • Three-bedroom terraced house within walking distance of the town centre. +
  • Includes a detached garage and driveway in the rear yard. +
  • No upper chain, making it ideal for a growing family. +
  • Generous loft space suitable for conversion (subject to permissions). +
  • Accommodation includes three reception rooms, kitchen, rear porch, and entrance hallway. +
  • First floor comprises three double bedrooms, a bathroom, and a separate WC. +
  • Forecourt front garden and a self-contained rear yard with off-street parking. +
  • Features a large brick-built storage shed. +
  • Gas combi central heating, uPVC double glazing, and a security alarm. +
  • Freehold property with EPC rating D (68) and Council Tax band B; virtual tour available. +

This spacious three-bedroom terraced house, located within walking distance of the town centre, boasts the added benefit of a nearby detached garage plus driveway in the rear yard. Offered with no upper chain, the property is ideal for a growing family, and the generous loft space presents an excellent opportunity for conversion (subject to Planning Permission and Building Regulations). The accommodation briefly comprises an entrance hallway, three reception rooms, a kitchen, a rear porch, a first-floor landing, three double bedrooms, a bathroom, and a separate WC. Externally, there is a forecourt front garden, a self-contained rear yard with off-street parking, and a large brick-built storage shed. Additional features include gas combi central heating, uPVC double glazing, a security alarm system, and an EPC rating of D (68). The property is freehold and falls under Council Tax band B. A virtual tour is available for convenience. 

HALLWAY 19' 11" x 7' 11" (6.09m x 2.43m) uPVC double glazed entrance door with matching side windows, staircase with turned newel post and spindles, large storage cupboard beneath, double radiator, dado rail, moulded cornicing and doors lead to the receptions rooms. 

LOUNGE 13' 11" x 16' 10" (4.25m x 5.14m) Large bay with uPVC double glazed windows, feature dark wood fire surround with gas fire, moulded cornicing, two double radiators, once single radiator, telephone point and a TV aerial point. 

DINING ROOM 15' 5" x 13' 1" (4.70m x 4.01m) uPVC double glazed patio doors to rear yard, double radiator, delft rack and moulded cornicing. 

BREAKFASTING ROOM 9' 10" x 12' 11" (3.01m x 3.94m) Inglenook, storage cupboard, single glazed window overlooking the rear porch, double radiator and a door leading to the kitchen. 

KITCHEN 11' 2" x 7' 2" (3.42m x 2.20m) Fitted with a range of wall and base units with contrasting laminate worktops. Free-standing Stoves cooking range with extractor canopy over. Stainless steel sink with mixer tap, plumbed for a washing machine uPVC double glazed window and a door to the rear porch. 

REAR PORCH 4' 1" x 4' 5" (1.26m x 1.37m) uPVC double glazed rear exit door with matching windows. 

FIRST FLOOR  

LANDING Single radiator, loft access hatch and doors leading to the bedrooms, bathroom and WC. 

BEDROOM 1 (TO THE FRONT) 14' 0" x 14' 4" (4.27m x 4.38m) uPVC double glazed windows, single radiator, telephone point, moulded cornicing and a centre light rose. 

BEDROOM 2 (TO THE REAR) 15' 5" x 13' 4" (4.71m x 4.07m) uPVC double glazed windows, storage cupboard, single radiator, moulded cornicing and centre light rose. 

BEDROOM 3 (TO THE FRONT) 9' 8" x 10' 3" (2.96m x 3.14m) uPVC double glazed window, single radiator and coving. 

BATHROOM 9' 10" x 7' 9" (3.00m x 2.38m) Panelled P-shaped panelled bath with curved screen and electric shower over. Wash basin with base storage and mirror over with light. PVC panelled walls and ceiling with inset LED spotlights. Airing cupboard housing the gas combi central heating boiler, uPVC double glazed window, single radiator and pull-down drying rack. 

WC 7' 2" x 2' 10" (2.19m x 0.88m) WC, PVC panelled walls, matching ceiling and a uPVC double glazed window. 

EXTERNAL  

TO THE FRONT Small forecourt garden. 

TO THE REAR Wrought iron gates provide access to off-street parking within the rear paved patio yard. 

BRICK STORAGE SHED 14' 5" x 6' 7" (4.41m x 2.01m) Attached to the rear of the house accessed via the rear yard with power points and lighting. 

GARAGE 18' 8" x 9' 1" (5.70m x 2.77m) Located at the end of the street is a detached timber garage with power point and lighting. Grassed area to both sides.  

CENTRAL HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating D (68). 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 B (£1,891). 

TENURE We understand that the property is freehold. We would recommend that any purchaser has this confirmed by their legal advisor. Please note that we understand that the garage is on a separate title but is included with the sale. 

MINING The property is located within a former mining area. 

UTILITIES The property is connected with a mains gas, water and electricity supply and is connected to the mains drainage. 

SECURITY Infra-red alarm installed. 

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. 

MORTGAGE ADVICE We have independent mortgage advisers within our branch, who will search the whole market to find the best suitable mortgage and help you progress through the process. Contact our office to arrange a telephone or office appointment.  

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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