3 Bed Semi-Detached House, Cash/Bridging Only, DH9 8NL, £160,000

Orchard Grove, Kip Hill, Stanley, DH9 8NL - 3 months ago

Cash
ROI: 3%
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£43K - £400K
Sold Prices/m²£526/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£121,094

 

 

End Value (After Refurb)

£123,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£35,871

Bridging Loan Interest

£4,200

Total Cash In

£87,821

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£123,750

Mortgage (After Refinance)

£92,813

Mortgage LTV

75%

Cash Left In

£87,821

Equity

£30,938

Rent Range

£550 - £1,795

Rent Estimate

£762

Running Costs/mo

£559

Cashflow/mo

£203

Cashflow/yr

£2,435

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £43K to £400K, average is £126K. £526/m² to £3.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£210K01/230.07 mi5, Charnwood, Stanley, County Durham DH9 8BW3
£115K11/200.07 mi39a, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NG3
£215K04/230.11 mi128, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£220K11/220.12 mi132, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£157.5K02/210.2 mi92, Station Road, Stanley, County Durham DH9 0JU3
£84K05/210.21 mi17, Gordon Terrace, Stanley, Durham DH9 0LF3
£110K03/210.23 mi4, Station Villas, Shield Row, Stanley, Durham DH9 8RJ3
£122.5K06/230.24 mi6, Sylvia Terrace, Stanley, County Durham DH9 0EG3
£101K12/220.24 mi7, Wylam Terrace, Stanley, County Durham DH9 0EF3
£92K11/210.26 mi10, Robert Terrace, Stanley, County Durham DH9 0ER3
£90K06/210.3 mi1, Pearson Street, Stanley, Durham DH9 8RQ3
£190K01/210.3 miMarzion, Pearson Street, Stanley, Durham DH9 8RQ3
£153K08/210.3 mi11, Barnhill, Stanley, County Durham DH9 8AN3
£79K02/230.34 mi81, Newburn Road, Stanley, County Durham DH9 0HJ3
£83K06/230.34 mi18, Broom Hill, Stanley, County Durham DH9 8AZ3
£183.5K04/230.36 mi8, James Street, Shield Row, Stanley, County Durham DH9 8RH3
£110K02/230.37 mi30, Wylam Road, Stanley, County Durham DH9 0EN3
£50K12/200.38 mi50, Newburn Road, Stanley, County Durham DH9 0EX3
£177K12/220.39 mi38, Murray Park, Stanley, County Durham DH9 0PN3
£125K07/210.39 mi1, Murray Park, Stanley, Durham DH9 0PN3
£185K06/230.39 mi3, Murray Park, Stanley, County Durham DH9 0PN3
£184.9K12/220.41 mi85, Murray Park, Stanley, County Durham DH9 0PU3
£400K11/220.42 miAlicia House, Causey Way, Kip Hill, Stanley, County Durham DH9 8RN3
£70K06/210.42 mi45, Whinside, Stanley, Durham DH9 8AU3
£139.9K12/220.43 mi10, Pelaw Avenue, Stanley, County Durham DH9 0EZ3
£245K01/230.46 mi21, Badgers Wood, Stanley, County Durham DH9 0HR3
£43K03/230.48 mi1, Belle Street, Stanley, County Durham DH9 0DB3
£130K07/210.5 mi19, The Crescent, Tanfield Lea, Stanley, County Durham DH9 9NQ3
£92K02/230.52 mi55, Hillside Gardens, Stanley, County Durham DH9 0HB3
£110K10/200.53 mi31, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£155K06/230.53 mi38, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£92.5K02/210.56 mi12, South Leigh, Tanfield Lea, Stanley, County Durham DH9 9PB3
£186K11/200.58 mi14, Cumbria Place, Stanley, Durham DH9 0HN3
£160K03/210.58 mi13, Cumbria Place, Stanley, County Durham DH9 0HN3
£150K05/210.61 mi31, Trefoil Road, Tanfield Lea, Stanley, Durham DH9 9PH3
£165K07/210.66 mi18, Northumbria Place, Stanley, Durham DH9 0UB3
£165K07/210.66 mi18, Northumbria Place, Stanley, Durham DH9 0UB3
£160K02/230.66 mi22, Northumbria Place, Stanley, County Durham DH9 0UB3
£173K12/220.67 mi17, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£90K12/210.67 mi13, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£165K10/210.67 mi43, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£127K06/230.67 mi19, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£150K04/230.67 mi41, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£118.5K09/210.69 mi15, Epworth, Tanfield Lea, Stanley, Durham DH9 9UJ3
£85K02/210.69 mi11, Epworth, Tanfield Lea, Stanley, Durham DH9 9UJ3
£105K05/230.7 mi41, North Leigh, Tanfield Lea, Stanley, County Durham DH9 9PA3
£88.8K07/210.71 mi56, Heather Way, Stanley, Durham DH9 7RP3
£89K03/230.71 mi44, Burns Close, Stanley, County Durham DH9 6TP3
£90K05/230.71 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£100K03/230.72 mi28, Betjeman Close, Stanley, County Durham DH9 6UD3

Local Rents

21 rents from £550/mo to £1.8K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£57512/240.21 miSunny Terrace, Stanley, Co. Durham, DH93
£62512/240.39 miBroom Hill, Stanley3
£60004/250.42 mi-3
£60004/250.42 mi-3
£62512/240.5 mi-3
£55012/240.77 miSpen Street, Stanley, Durham, DH93
£77512/240.8 miGibside Close, Stanley, Durham, DH93
£95012/240.89 mi-3
£65003/250.96 mi-3
£90012/241.05 mi-3
£90012/241.05 mi-3
£80012/241.05 mi-3
£85004/251.05 mi-3
£67511/241.08 mi-3
£1,79503/251.08 mi-3
£62503/251.14 mi-3
£60004/251.16 mi-3
£60012/241.16 mi-3
£65003/251.19 mi-3
£65003/251.19 mi-3
£55008/231.21 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.40 miles away

Nearest train station

5.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £160,000

January 18, 2025

Floor Plans

Description

  • Modern 3 bedroom semi-detached house +
  • Garden to rear +
  • Dual off-street parking +
  • Well presented family home +
  • Lounge and kitchen/diner +
  • Ground floor WC, 1st floor bathroom plus ensuite +
  • Gas combi central heating +
  • EPC rating C (76) +
  • Freehold, Council Tax band B +
  • Virtual tours available +

This three bedroom semi-detached house is located within a cull-DE-sac on a popular modern estate and comes with double off-street parking to the front and a rear garden. Briefly comprising a hallway, lounge, kitchen/diner and WC to the ground floor. To the first is a landing, three bedrooms (master with en-suite) and a bathroom. Gas combo central heating, PVC double glazed windows, EPC rating C (76), freehold tenure, Council Tax band B. Virtual tours available.  

HALLWAY 14' 5" x 6' 2" (4.40m x 1.90m) PVC double glazed entrance door, LT flooring, stairs to the first floor, single radiator, storage cupboard and doors leading to the WC, kitchen/diner and lounge. 

WC 5' 3" x 2' 9" (1.62m x 0.84m) WC, wash basin with tiled splash-back, LT flooring, single radiator and ceiling extractor fan. 

KITCHEN/DINER 14' 6" x 8' 11" (4.43m x 2.73m) Fitted with a range of high gloss white wall and base units with contrasting laminate worktops and tiled splash-backs. Integrated fan assisted electric oven/grill, four ring gas hob with concealed extractor over. Stainless steel sink with mixer tap, plumbed for a washing machine space for a fridge/freezer, space for a dining table, concealed gas combo central heating boiler, PVC double glazed window and a single radiator. 

LOUNGE 10' 4" x 15' 5" (3.15m x 4.72m) Overlooking the rear garden with PVC double glazed French doors and matching window. Double radiator and a wall mounted electric fire. 

FIRST FLOOR  

LANDING Storage cupboard, loft access hatch and doors leading to the bedrooms and bathroom. 

MASTER BEDROOM (TO THE FRONT) 8' 6" x 9' 8" (2.60m x 2.97m) Fitted sliding wardrobe, PVC double glazed window, single radiator and a door leading to the onsite. 

ENSUITE 5' 6" x 5' 1" (1.68m x 1.55m) Thermostatic shower with tiled splash-backs in a glazed cubicle. Pedestal wash basin, mirrored wall cabinet, WC, PVC double glazed frosted window, ceiling extractor fan and a single radiator. 

BEDROOM 2 (TO THE REAR) 10' 0" x 8' 9" (3.06m x 2.68m) PVC double glazed window, vinyl flooring and a single radiator. 

BEDROOM 3 (TO THE REAR) 8' 5" x 6' 5" (2.58m x 1.98m) PVC double glazed window and a single radiator. 

BATHROOM 6' 0" x 5' 6" (1.85m x 1.70m) A white suite featuring a panelled bath with thermostatic shower over, glazed screen and tiled splash-backs. Pedestal wash basin, WC, chrome towel radiator and a ceiling extractor fan. 

EXTERNAL  

TO THE FRONT Driveway providing off-street parking for two vehicles, timber decking, side gate to rear and a cold water supply tap. 

TO THE REAR Paved patio, lawn, further patio, timber shed, enclosed by timber fence. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING PVC double glazing installed. 

ENERGY EFFICIENCY EPIC rating C (76). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

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

COUNCIL TAX The property is in Council Tax band B (£1,891 per year). 

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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