3 Bed Terraced House, Cash/Bridging Only, DH9 6SQ, £130,000

1 Twizell Lane, West Pelton, Stanley, DH9 6SQ - 3 views - 3 months ago

Sold STC
Cash
ROI: 7%
52 m²
+19 photos

ValuationOvervalued

Sold Prices£36K - £273K
Sold Prices/m²£429/m² - £2.6K/m²

 

 

Square Metres

52 m²
Price/m²£2.5K/m²

Value Estimate

£58,240

 

 

End Value (After Refurb)

£102,238

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£20,057

Bridging Loan Interest

£3,413

Total Cash In

£62,970

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£102,238

Mortgage (After Refinance)

£76,678

Mortgage LTV

75%

Cash Left In

£62,970

Equity

£25,559

Rent Range

£495 - £3,300

Rent Estimate

£894

Running Costs/mo

£518

Cashflow/mo

£376

Cashflow/yr

£4,508

ROI

7%

Gross Yield

8%

Local Sold Prices

26 sold prices from £36K to £273K, average is £89K. £429/m² to £2.6K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£136K02/210.01 mi47, Twizell Lane, West Pelton, Stanley, Durham DH9 6SQ3
£75.5K03/230.16 mi25, Summerfield, West Pelton, Stanley, County Durham DH9 6RY3
£86K10/210.17 mi28, Twizell Lane, West Pelton, Stanley, County Durham DH9 6SH3
£90K12/200.17 mi30, Twizell Lane, West Pelton, Stanley, County Durham DH9 6SH3
£94K03/210.17 mi31, Twizell Lane, West Pelton, Stanley, Durham DH9 6SH3
£88K03/210.37 mi6, Victoria Terrace, High Hold, Chester Le Street, County Durham DH2 1PZ3
£87K10/210.39 mi16, Arthur Street, High Handenhold, Chester Le Street, Durham DH2 1QE3
£84K02/230.4 mi21, Arthur Street, High Hold, Chester Le Street, County Durham DH2 1QE3
£248K03/230.45 mi4, Station Road, Beamish, Stanley, County Durham DH9 0QU3
£273K12/200.45 mi20a, Station Road, Beamish, Stanley, Durham DH9 0QU3
£70K12/200.48 mi32, Stone Row, Grange Villa, Chester Le Street, County Durham DH2 3NA3
£170.5K05/210.5 miDeneside Cottage, Woodside, Beamish, Stanley, County Durham DH9 0QY3
£50K05/210.53 mi83, Queen Street, Grange Villa, Chester Le Street, County Durham DH2 3LU3
£67.5K03/210.53 mi24, Queen Street, Grange Villa, Chester Le Street, County Durham DH2 3LT3
£48K11/200.54 mi28, Albert Street, Grange Villa, Chester Le Street, County Durham DH2 3LR3
£71K03/210.55 mi6, Baytree Terrace, Pelton, Chester Le Street, County Durham DH2 1PJ3
£182.5K12/200.74 mi14, Rosecroft, Pelton, Chester Le Street, Durham DH2 1NL3
£182.5K12/200.74 mi14, Rosecroft, Pelton, Chester Le Street, Durham DH2 1NL3
£113K06/210.75 mi10, Pelton Mews, Pelton, Chester Le Street, County Durham DH2 1QG3
£123K04/230.86 mi17, Elm Avenue, Pelton, Chester Le Street, County Durham DH2 1NJ3
£80K03/210.86 mi17, Elm Avenue, Pelton, Chester Le Street, Durham DH2 1NJ3
£65K05/210.87 mi36, Gladstone Street, Beamish, Stanley, Durham DH9 0QL3
£36K01/210.88 mi60, John Street, Beamish, Stanley, Durham DH9 0QW3
£125K06/230.9 mi4, Roseberry Villas, Newfield, Chester Le Street, County Durham DH2 2SW3
£240K10/220.98 mi30, Heathmeads, Pelton, Chester Le Street, County Durham DH2 1NA3
£117.5K07/210.99 mi46, Sandringham Way, Newfield, Chester Le Street, County Durham DH2 2FE3

Local Rents

11 rents from £495/mo to £3.3K/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£1,00012/240.11 miWest Pelton House, West Pelton, DH93
£85003/250.18 mi-3
£3,30003/250.47 mi-3
£59512/240.53 miAlbert Street, Grange Villa, Chester Le Street3
£52512/240.53 miPine Street, Grange Villa, Chester Le Street3
£49512/240.54 miAlbert Street, Grange Villa, DH23
£49502/250.54 mi-3
£55012/240.54 miWest Street, Grange Villa, County Durham, DH23
£52501/250.55 mi-3
£65010/240.58 mi-3
£80002/240.62 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

1.90 miles away

Nearest train station

2.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Price changed to £130,000

March 12, 2025

Listed for £135,000

January 21, 2025

Floor Plans

Description

  • End terraced house with 3 bedrooms +
  • Attached double garage +
  • No upper chain +
  • Lounge plus large dining room +
  • Spacious bedrooms (one with dressing room) +
  • Modern kitchen and bathroom +
  • Gas combi central heating +
  • Council Tax band B, freehold +
  • EPC rating D (55) +
  • Virtual tours available +

This surprisingly spacious three bedroom end-terraced house is available with no upper chain and has the benefit of an attached double garage to the rear. The accommodation comprises of a hallway, lounge, large separate dining room, kitchen, first floor landing, three bedrooms (one with a large dressing room/study off) and a family bathroom. Self-contained yard to the rear. Gas combi central heating, uPVC double glazing, EPC rating D (55), freehold and Council Tax band B. Virtual tours available.  

HALLWAY 12' 11" x 6' 9" (3.94m x 2.07m) uPVC double glazed entrance door with matching side window, tiled floor, stairs to the first floor, wall mounted central heating programmer, single radiator and doors leading to the lounge and dining room. 

LOUNGE 12' 11" x 13' 6" (into alcoves) (3.94m x 4.12m) Large bay with uPVC double glazed windows and panelling. Ornamental fireplace (opportunity to open and reinstate a traditional fire), picture rail, moulded cornicing, centre light rose, TV cables and a single radiator. 

DINING ROOM 12' 11" x 20' 8" (3.95m x 6.32m) A spacious room with feature stone fire surround with electric fire on a quartz hearth. Storage cupboard, uPVC double glazed window, double radiator, telephone point, TV aerial point and a door leading to the kitchen. 

KITCHEN 12' 2" x 7' 4" (3.71m x 2.26m) Fitted with a range of wall and base units with contrasting laminate worktops and tiled floor. Slot-in electric cooker, stainless steel sink, plumbed for a washing machine, uPVC double glazed window, storage cupboard, double radiator, extractor fan and a uPVC double glazed rear exit door. 

DOUBLE GARAGE 17' 9" x 15' 1" (5.42m x 4.60m) An attached double garage with electric door, power points, lighting, window and side door giving access to the rear yard. 

FIRST FLOOR  

LANDING Loft access hatch with pull-down ladder boarded for storage. Doors lead to the bedrooms and bathroom. 

BEDROOM 1 (TO THE REAR) 13' 4" x 12' 9" (into alcove) (4.08m x 3.90m) Storage cupboard housing the gas combi central heating boiler, uPVC double glazed window, double radiator and a door leading to the dressing room/study. 

DRESSING ROOM/STUDY 12' 1" x 7' 4" (3.70m x 2.25m) A versatile room which could be converted into an ensuite or used as a dressing room, nursery, perhaps a study or simply for storage. uPVC double glazed window and a double radiator. 

BEDROOM 2 (TO THE FRONT) 13' 3" x 12' 9" (4.04m x 3.90m) uPVC double glazed window and a single radiator. 

BEDROOM 3 (TO THE FRONT) 8' 6" x 7' 8" (2.61m x 2.34m) Recently replastered, uPVC double glazed window and a single radiator. 

BATHROOM 8' 7" x 7' 6" (2.64m x 2.31m) A modern suite featuring a panelled bath, separate enclosure with thermostatic shower and PVC splash-backs. Pedestal wash basin, WC, fully tiled walls, chrome towel radiator, wall extractor fan, uPVC double glazed frosted window and inset spotlights. 

EXTERNAL  

TO THE FRONT A small forecourt garden with artificial lawn. 

TO THE REAR Self-contained yard with cold water supply tap, security light and access door to the garage. 

HEATING Gas fired central heating via combination boiler and radiators. 

GLAZING uPVC double glazing installed. 

ENERGY EFFICIENCY EPC rating D (55). 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 per annum. 

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

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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