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3 Bed Terraced House, Single Let, Chester-le-Street, DH3 1EB, £78,000

Queen Street, DH3 1EB - 2 views - 3 months ago

BTL
ROI: 9%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£48K - £239K
Sold Prices/m²£495/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£839/m²

Value Estimate

£97,600
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,500

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,100

 

 

Cash Out

 

Rent Range

£600 - £3,300

Rent Estimate

£550

Running Costs/mo

£374

Cashflow/mo

£176

Cashflow/yr

£2,115

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £48K to £239K, average is £123.5K. £495/m² to £2.8K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£78.5K03/230.01 mi48, Queen Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ED3
£66.5K06/230.03 mi35, King Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EF3
£122K01/210.05 mi69, Mitchell Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EQ3
£48K01/210.06 mi5, Queen Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EB3
£112K10/210.08 mi14, Bertram Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ET3
£78.5K12/200.08 mi14, Bertram Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ET3
£120K04/210.1 mi17, Station Lane, Birtley, Chester Le Street, Tyne And Wear DH3 1DE3
£78.5K07/230.12 mi39, Mitchell Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EP3
£120K11/210.17 mi2, Neale Terrace, Birtley, Chester Le Street, Tyne And Wear DH3 1LR3
£150K03/210.2 mi5, Holyoake Gardens, Birtley, Chester Le Street, Tyne And Wear DH3 1AB3
£139.9K04/210.21 mi1, The Avenue, Birtley, Chester Le Street, Tyne And Wear DH3 1AA3
£235K02/230.21 mi12, The Avenue, Birtley, Chester Le Street, Tyne And Wear DH3 1AA3
£162K12/200.24 mi4, Egton Terrace, Birtley, Chester Le Street, Tyne And Wear DH3 1LX3
£194K10/210.26 mi5, Ruskin Road, Birtley, Chester Le Street, Tyne And Wear DH3 1AD3
£100K08/210.32 mi27, Lavers Road, Birtley, Chester Le Street, Tyne And Wear DH3 1HH3
£130K09/210.32 mi49, Fellcross, Birtley, Chester Le Street, Tyne And Wear DH3 1BQ3
£110K03/210.34 mi10, Daisy Cottages, Birtley, Chester Le Street, Tyne And Wear DH3 1AN3
£125K02/210.35 mi21, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BB3
£125K08/230.35 mi14, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BB3
£150K02/230.35 mi15, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BB3
£115K12/200.35 mi58, Fellcross, Birtley, Chester Le Street, Tyne And Wear DH3 1BH3
£104K12/220.39 mi18, Woodbine Terrace, Birtley, Chester Le Street, Tyne And Wear DH3 1AJ3
£163K06/230.39 mi16, Jasmine Terrace, Birtley, Chester Le Street, Tyne And Wear DH3 1RW3
£165K07/230.39 mi8, Jasmine Terrace, Birtley, Chester Le Street, Tyne And Wear DH3 1RW3
£116K03/210.4 mi21, Highridge, Birtley, Chester Le Street, Tyne And Wear DH3 1BE3
£105K11/210.41 mi14, Highridge, Birtley, Chester Le Street, Tyne And Wear DH3 1BD3
£115K11/220.42 mi20, Highridge, Birtley, Chester Le Street, Tyne And Wear DH3 1BD3
£134.2K06/210.43 mi1, Hillcroft, Birtley, Chester Le Street, Tyne And Wear DH3 1ND3
£170K11/200.43 mi43, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BJ3
£98K05/210.44 mi42, Dennison Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1NN3
£105K11/220.48 mi7, South View, Birtley, Chester Le Street, Tyne And Wear DH3 1AG3
£170K12/200.49 mi59, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BJ3
£165K05/210.49 mi67, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BJ3
£133K03/210.49 mi12, Mount Court, Birtley, Chester Le Street, Tyne And Wear DH3 1DA3
£129K07/230.49 mi21, Gilliland Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1NJ3
£136.5K05/210.49 mi95, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BJ3
£140K12/220.52 mi140, Mount Road, Birtley, Chester Le Street, Tyne And Wear DH3 1BL3
£115K05/210.53 mi17, Garside Avenue, Birtley, Chester Le Street, Tyne And Wear DH3 1NT3
£100K08/210.54 mi34, Flanders Court, Birtley, Chester Le Street, Tyne And Wear DH3 1LD3
£155.3K10/200.54 mi9, Flanders Court, Birtley, Chester Le Street, Tyne And Wear DH3 1LD3
£125K11/220.58 mi74, Portmeads Rise, Birtley, Chester Le Street, Tyne And Wear DH3 2NW3
£117.5K01/230.59 mi20, Dennison Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1NL3
£94K12/210.62 mi1, Portobello Way, Birtley, Chester Le Street, Tyne And Wear DH3 2NQ3
£220K06/210.66 mi37, Elm Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1GH3
£148K06/210.66 mi16, Elm Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1GH3
£239K01/210.67 mi5, Highfield, Birtley, Chester Le Street, Tyne And Wear DH3 1QG3
£100K10/210.68 mi9, Valley View, Birtley, Chester Le Street, Tyne And Wear DH3 1PN3
£182.5K03/210.68 mi11, Maddison Gardens, Birtley, Chester Le Street, Tyne And Wear DH3 1GB3
£105K06/210.68 mi16, Fellside, Birtley, Chester Le Street, Tyne And Wear DH3 2NE3
£100K12/200.68 mi26, Leyburn Place, Birtley, Chester Le Street, Tyne And Wear DH3 1PL3

Local Rents

10 rents from £600/mo to £3.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£75003/250 mi-3
£60012/240.04 miMorris Street, DH33
£3,30002/250.09 mi-3
£1,19512/240.53 miSycamore Crescent, Birtley, Chester Le Street3
£1,10012/240.64 miRobsons Way, Birtley, DH33
£79512/240.77 miPolperro Close, DH33
£1,50012/240.77 miThe Hollys, Birtley, DH33
£1,20012/241.05 mi-3
£1,50002/251.05 mi-3
£72512/241.18 miSuffolk Place, Birtley, Chester Le Street, County Durham, DH33

Links

Local Area Statistics

Population in DH3

25,797

Population in Chester-le-Street

56,377

Town centre distance

2.68 miles away

Nearest school

0.20 miles away

Nearest train station

2.90 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Price changed to £78,000

March 28, 2025

Price changed to £80,000

March 20, 2025

Price changed to £72,000

March 16, 2025

Price changed to £74,000

March 4, 2025

Price changed to £76,000

February 16, 2025

Price changed to £78,000

January 31, 2025

Listed for £80,000

January 15, 2025

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers. +
  • Well Maintained Property +
  • Spacious Room +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 3 bedroom Mid-Terrace located in Birtley. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 3 bedrooms, lounge, kitchen, ensuite, rear garden space.
Investment details

It currently produces an annual gross income of £6,600 which could be increased by the new owner to a market rate of £8,532 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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

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