3 Bed Terraced House, Cash/Bridging Only, DH9 6SW, £120,000

Plantation View, West Pelton, Stanley, DH9 6SW - 3 views - 3 months ago

Cash
ROI: 6%
~93 m²
+16 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£103,504

 

 

End Value (After Refurb)

£125,000

Uplift in Value

+-4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£5,099

Refurb Costs

£35,871

Bridging Loan Interest

£3,150

Total Cash In

£75,870

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£125,000

Mortgage (After Refinance)

£93,750

Mortgage LTV

75%

Cash Released

£3,750

Cash Left In

£72,120

Equity

£31,250

Rent Range

£495 - £3,300

Rent Estimate

£997

Running Costs/mo

£610

Cashflow/mo

£387

Cashflow/yr

£4,644

ROI

6%

Gross Yield

10%

Local Sold Prices

24 sold prices from £36K to £273K, average is £87.5K. £429/m² to £2.6K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£136K02/210.06 mi47, Twizell Lane, West Pelton, Stanley, Durham DH9 6SQ3
£86K10/210.09 mi28, Twizell Lane, West Pelton, Stanley, County Durham DH9 6SH3
£90K12/200.09 mi30, Twizell Lane, West Pelton, Stanley, County Durham DH9 6SH3
£94K03/210.09 mi31, Twizell Lane, West Pelton, Stanley, Durham DH9 6SH3
£75.5K03/230.24 mi25, Summerfield, West Pelton, Stanley, County Durham DH9 6RY3
£88K03/210.44 mi6, Victoria Terrace, High Hold, Chester Le Street, County Durham DH2 1PZ3
£87K10/210.46 mi16, Arthur Street, High Handenhold, Chester Le Street, Durham DH2 1QE3
£248K03/230.46 mi4, Station Road, Beamish, Stanley, County Durham DH9 0QU3
£273K12/200.46 mi20a, Station Road, Beamish, Stanley, Durham DH9 0QU3
£70K12/200.47 mi32, Stone Row, Grange Villa, Chester Le Street, County Durham DH2 3NA3
£84K02/230.48 mi21, Arthur Street, High Hold, Chester Le Street, County Durham DH2 1QE3
£170.5K05/210.51 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
£48K11/200.55 mi28, Albert Street, Grange Villa, Chester Le Street, County Durham DH2 3LR3
£71K03/210.63 mi6, Baytree Terrace, Pelton, Chester Le Street, County Durham DH2 1PJ3
£182.5K12/200.79 mi14, Rosecroft, Pelton, Chester Le Street, Durham DH2 1NL3
£182.5K12/200.79 mi14, Rosecroft, Pelton, Chester Le Street, Durham DH2 1NL3
£113K06/210.81 mi10, Pelton Mews, Pelton, Chester Le Street, County Durham DH2 1QG3
£65K05/210.82 mi36, Gladstone Street, Beamish, Stanley, Durham DH9 0QL3
£36K01/210.83 mi60, John Street, Beamish, Stanley, Durham DH9 0QW3
£123K04/230.93 mi17, Elm Avenue, Pelton, Chester Le Street, County Durham DH2 1NJ3
£80K03/210.93 mi17, Elm Avenue, Pelton, Chester Le Street, Durham DH2 1NJ3
£125K06/230.95 mi4, Roseberry Villas, Newfield, Chester Le Street, County Durham DH2 2SW3

Local Rents

10 rents from £495/mo to £3.3K/mo, average is £573/mo.

RentDateDistanceAddressBeds 
£1,00012/240.18 miWest Pelton House, West Pelton, DH93
£85003/250.25 mi-3
£3,30003/250.48 mi-3
£52512/240.53 miPine Street, Grange Villa, Chester Le Street3
£59512/240.54 miAlbert Street, Grange Villa, Chester Le Street3
£49502/250.54 mi-3
£49512/240.55 miAlbert Street, Grange Villa, DH23
£55012/240.55 miWest Street, Grange Villa, County Durham, DH23
£52501/250.56 mi-3
£65010/240.59 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.10 miles away

Nearest train station

2.86 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 £120,000

April 5, 2025

Listed for £129,950

January 28, 2025

Floor Plans

Description

  • 3 bedroom mid terraced house +
  • Spacious family home +
  • Front views over countryside +
  • Lawn front garden +
  • Modern fitted kitchen with some appliances +
  • Utility room +
  • All double sized bedrooms +
  • Bathroom suite with shower cubicle +
  • Gas combi central heating +
  • EPC rating C (70) +

A spacious three bedroom mid terraced house with open views over countryside to the front. Comprising a hallway, lounge (with open fireplace), dining room, fitted kitchen with integrated appliances and utility room. To the first floor there are three double bedrooms off the landing and a family bathroom. Lawn garden to the front with yard to rear. No upper chain, gas combi central heating. 

ENTRANCE HALLWAY uPVC double glazed door, radiator, staircase to the first floor. 

LOUNGE 14' 9" x 11' 8" (4.52m x 3.58m) Feature fireplace with open fire, radiator, uPVC double glazed window. 

DINING ROOM 18' 3" x 13' 2" (5.57m x 4.03m) A spacious room with uPVC double glazed window, radiator, under stair storage cupboard. 

KITCHEN 15' 8" x 8' 4" (4.78m x 2.56m) Fitted with a modern range of wall and base units, complimentary work surfaces, tiled splash backs, integrated oven and gas cooking hob, extractor canopy, integrated dishwasher, sink and drainer, space for tall fridge/freezer, concealed gas combi central heating boiler, tiled flooring, uPVC double glazed window, and door to the utility room. 

UTILITY ROOM 9' 2" x 5' 5" (2.80m x 1.67m) Plumbed for washing machine and space for clothes dryer, fitted work top, uPVC double glazed window and door to the rear yard. 

FIRST FLOOR Landing, loft access, storage cupboard. 

BEDROOM 1 13' 6" x 10' 4" (4.14m x 3.15m) uPVC double glazed window, radiator. 

BEDROOM 2 11' 11" x 11' 6" (3.65m x 3.53m) uPVC double glazed window, radiator. 

BEDROOM 3 10' 0" x 7' 5" (3.07m x 2.27m) uPVC double glazed window, radiator. 

BATHROOM 10' 11" x 8' 5" (3.35m x 2.59m) Panel bath with tiled splash backs, pedestal wash basin, shower cubicle with electric shower, radiator, uPVC double glazed window. 

SEPARATE WC 4' 5" x 3' 11" (1.35m x 1.21m) WC, half tiled walls, radiator, uPVC double glazed window. 

EXTERNAL To front - lawn garden with access gate, over look open countryside. To rear - small yard with access gate. 

HEATING Gas fired central heating via combination boiler and radiators. 

ENERGY EFFICIENCY EPC rating C (70). Please speak to a member of staff for a copy of the full Energy Performance Certificate. 

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. 

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 Vendor 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.  

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.

Agent Details

David Bailes, Stanley

01207 265903

Next Steps?

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