3 Bed Terraced House, Refurb/BRRR, DH9 8AW, £75,000

Sunny Terrace, Stanley, DH9 8AW - 6 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+18 photos

ValuationFair Value

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

 

 

Square Metres

~93 m²
Price/m²£806/m²

Value Estimate

£75,750

 

 

End Value (After Refurb)

£105,900

Uplift in Value

+41%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£35,871

Bridging Loan Interest

£1,969

Total Cash In

£61,790

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£105,900

Mortgage (After Refinance)

£79,425

Mortgage LTV

75%

Cash Released

£23,175

Cash Left In

£38,615

Equity

£26,475

Rent Range

£550 - £1,795

Rent Estimate

£761

Running Costs/mo

£503

Cashflow/mo

£258

Cashflow/yr

£3,094

ROI

5%

Gross Yield

12%

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 
£157.5K02/210.12 mi92, Station Road, Stanley, County Durham DH9 0JU3
£153K08/210.13 mi11, Barnhill, Stanley, County Durham DH9 8AN3
£210K01/230.13 mi5, Charnwood, Stanley, County Durham DH9 8BW3
£83K06/230.24 mi18, Broom Hill, Stanley, County Durham DH9 8AZ3
£115K11/200.26 mi39a, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NG3
£101K12/220.27 mi7, Wylam Terrace, Stanley, County Durham DH9 0EF3
£84K05/210.28 mi17, Gordon Terrace, Stanley, Durham DH9 0LF3
£215K04/230.28 mi128, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£220K11/220.28 mi132, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£122.5K06/230.29 mi6, Sylvia Terrace, Stanley, County Durham DH9 0EG3
£70K06/210.3 mi45, Whinside, Stanley, Durham DH9 8AU3
£92K11/210.33 mi10, Robert Terrace, Stanley, County Durham DH9 0ER3
£177K12/220.35 mi38, Murray Park, Stanley, County Durham DH9 0PN3
£125K07/210.35 mi1, Murray Park, Stanley, Durham DH9 0PN3
£185K06/230.35 mi3, Murray Park, Stanley, County Durham DH9 0PN3
£110K03/210.35 mi4, Station Villas, Shield Row, Stanley, Durham DH9 8RJ3
£43K03/230.37 mi1, Belle Street, Stanley, County Durham DH9 0DB3
£184.9K12/220.38 mi85, Murray Park, Stanley, County Durham DH9 0PU3
£110K02/230.43 mi30, Wylam Road, Stanley, County Durham DH9 0EN3
£90K06/210.44 mi1, Pearson Street, Stanley, Durham DH9 8RQ3
£190K01/210.44 miMarzion, Pearson Street, Stanley, Durham DH9 8RQ3
£50K12/200.45 mi50, Newburn Road, Stanley, County Durham DH9 0EX3
£79K02/230.46 mi81, Newburn Road, Stanley, County Durham DH9 0HJ3
£139.9K12/220.5 mi10, Pelaw Avenue, Stanley, County Durham DH9 0EZ3
£88.8K07/210.51 mi56, Heather Way, Stanley, Durham DH9 7RP3
£90K05/230.51 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£110K10/200.52 mi31, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£155K06/230.52 mi38, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£130K07/210.53 mi19, The Crescent, Tanfield Lea, Stanley, County Durham DH9 9NQ3
£183.5K04/230.54 mi8, James Street, Shield Row, Stanley, County Durham DH9 8RH3
£150K05/210.57 mi31, Trefoil Road, Tanfield Lea, Stanley, Durham DH9 9PH3
£92K02/230.59 mi55, Hillside Gardens, Stanley, County Durham DH9 0HB3
£400K11/220.6 miAlicia House, Causey Way, Kip Hill, Stanley, County Durham DH9 8RN3
£143K03/230.6 mi8, Grange Road, Stanley, County Durham DH9 7RQ3
£89K03/230.61 mi44, Burns Close, Stanley, County Durham DH9 6TP3
£92.5K02/210.61 mi12, South Leigh, Tanfield Lea, Stanley, County Durham DH9 9PB3
£245K01/230.62 mi21, Badgers Wood, Stanley, County Durham DH9 0HR3
£186K11/200.63 mi14, Cumbria Place, Stanley, Durham DH9 0HN3
£160K03/210.63 mi13, Cumbria Place, Stanley, County Durham DH9 0HN3
£173K12/220.64 mi17, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£90K12/210.64 mi13, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£165K10/210.64 mi43, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£127K06/230.64 mi19, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£150K04/230.64 mi41, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£150K07/210.65 mi5, Coniscliffe Road, Stanley, Durham DH9 7RF3
£145K09/210.65 mi18, Coniscliffe Road, Stanley, County Durham DH9 7RF3
£52K02/210.66 mi95, Wear Road, Stanley, County Durham DH9 6HL3
£118.5K09/210.67 mi15, Epworth, Tanfield Lea, Stanley, Durham DH9 9UJ3
£85K02/210.67 mi11, Epworth, Tanfield Lea, Stanley, Durham DH9 9UJ3
£100K03/230.68 mi28, Betjeman Close, Stanley, County Durham DH9 6UD3

Local Rents

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

RentDateDistanceAddressBeds 
£57512/240.02 miSunny Terrace, Stanley, Co. Durham, DH93
£60003/250.24 mi-3
£62512/240.26 miBroom Hill, Stanley3
£62512/240.41 mi-3
£55012/240.58 miSpen Street, Stanley, Durham, DH93
£95012/240.7 mi-3
£65003/250.77 mi-3
£77512/240.84 miGibside Close, Stanley, Durham, DH93
£1,79503/250.88 mi-3
£67511/240.89 mi-3
£90012/240.93 mi-3
£90012/240.93 mi-3
£80012/240.93 mi-3
£85003/250.93 mi-3
£62503/250.95 mi-3
£60003/250.96 mi-3
£60012/240.97 mi-3
£65003/251.09 mi-3
£65003/251.09 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.30 miles away

Nearest train station

5.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £75,000

January 28, 2025

Floor Plans

Description

Perfect Project!
Sylvester Properties are delighted to welcome to the sales market this chain free three bedroom end of terrace property located on Sunny Terrace, Shield Row. This property would make the perfect family home after renovations, comfortably set over three floors. This property is also the only property on the street with additional garden space, located to the side of the property, as well as a garden to the front and yard to the rear.

The lowest level of the property, contains a rear entrance porch as well as a spacious kitchen / diner with ample units and cellar space housing the boiler, which could easily be converted into a third reception room if required.

The mid entrance level of the home contains two comfortably sized reception rooms, showcasing period features such as a bay window and traditional fire. There is also a generously sized WC on this level with wash basin, this space could easily be converted into an additional shower room if desired.

Located on the uppermost level of the home, there are three bedrooms, each of a decent size, as well as a bathroom containing a WC, wash basin and walk in shower.
Externally, this property showcases a front garden as well as an additional turfed garden to the side of the home, and rear yard.

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

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