3 Bed Terraced House, Cash/Bridging Only, DH9 9NW, £110,000

Parkside, Tanfield Lea, Stanley, DH9 9NW - 2 views - 3 months ago

Sold STC
Cash
ROI: 2%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£62K - £400K
Sold Prices/m²£738/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£113,300
BMV3%

 

 

End Value (After Refurb)

£123,367

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£35,871

Bridging Loan Interest

£2,888

Total Cash In

£72,509

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£123,367

Mortgage (After Refinance)

£92,526

Mortgage LTV

75%

Cash Released

£10,026

Cash Left In

£62,483

Equity

£30,842

Rent Range

£400 - £1,795

Rent Estimate

£654

Running Costs/mo

£536

Cashflow/mo

£118

Cashflow/yr

£1,412

ROI

2%

Gross Yield

7%

Local Sold Prices

49 sold prices from £62K to £400K, average is £122.5K. £738/m² to £2.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£62K05/210.01 mi9, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NW3
£100K03/230.01 mi8, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NW3
£75K03/210.01 mi7, Parkside, Tanfield Lea, Stanley, Durham DH9 9NW3
£105K05/230.07 mi41, North Leigh, Tanfield Lea, Stanley, County Durham DH9 9PA3
£88K05/210.08 mi80, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NR3
£103K12/200.08 mi71, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NR3
£92.5K02/210.19 mi12, South Leigh, Tanfield Lea, Stanley, County Durham DH9 9PB3
£118.5K09/210.22 mi15, Epworth, Tanfield Lea, Stanley, Durham DH9 9UJ3
£85K02/210.22 mi11, Epworth, Tanfield Lea, Stanley, Durham DH9 9UJ3
£130K07/210.27 mi19, The Crescent, Tanfield Lea, Stanley, County Durham DH9 9NQ3
£90K12/210.29 mi13, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£165K10/210.29 mi43, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£127K06/230.29 mi19, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£150K04/230.29 mi41, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£173K12/220.29 mi17, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£110K10/200.3 mi31, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£155K06/230.3 mi38, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£150K05/210.33 mi31, Trefoil Road, Tanfield Lea, Stanley, Durham DH9 9PH3
£193.5K09/210.33 mi49, Woodburn, Tanfield Lea, Stanley, County Durham DH9 9UR3
£128K02/210.36 mi3, The Paddock, Tanfield Lea, Stanley, County Durham DH9 9NS3
£155K12/200.37 mi37, Errington Drive, Tanfield Lea, Stanley, County Durham DH9 9PD3
£155K01/210.37 mi43, Errington Drive, Tanfield Lea, Stanley, Durham DH9 9PD3
£145K12/220.37 mi20, Errington Drive, Tanfield Lea, Stanley, County Durham DH9 9PD3
£67K11/210.44 mi10, Blanche Terrace, Tantobie, Stanley, Durham DH9 9TE3
£100K11/200.5 mi29, South View, Tantobie, Stanley, County Durham DH9 9TJ3
£63.5K03/230.5 mi9, Palm Terrace, Tantobie, Stanley, County Durham DH9 9PS3
£85K06/230.53 mi22, Ivy Place, Tantobie, Stanley, County Durham DH9 9PT3
£85K02/230.53 mi25, Ivy Place, Tantobie, Stanley, County Durham DH9 9PT3
£83K06/230.6 mi18, Broom Hill, Stanley, County Durham DH9 8AZ3
£70K06/210.6 mi45, Whinside, Stanley, Durham DH9 8AU3
£70K06/230.66 mi12, Westhills, Tantobie, Stanley, County Durham DH9 9RZ3
£130K02/210.66 mi21, Westhills, Tantobie, Stanley, County Durham DH9 9RZ3
£117K12/200.66 mi3, Westhills, Tantobie, Stanley, Durham DH9 9RZ3
£170K11/220.7 mi10, Westhills, Tantobie, Stanley, County Durham DH9 9RZ3
£162K12/220.71 mi24, White Le Head Gardens, Tantobie, Stanley, County Durham DH9 9RU3
£135K04/230.77 mi7, Bute Street, Tantobie, Stanley, County Durham DH9 9SA3
£163K02/210.78 mi25, St Margarets Drive, Tanfield, Stanley, County Durham DH9 9QW3
£115K11/200.78 mi39a, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NG3
£210K01/230.79 mi5, Charnwood, Stanley, County Durham DH9 8BW3
£215K04/230.84 mi128, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£220K11/220.84 mi132, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£157.5K02/210.9 mi92, Station Road, Stanley, County Durham DH9 0JU3
£153K08/210.9 mi11, Barnhill, Stanley, County Durham DH9 8AN3
£84K05/210.97 mi17, Gordon Terrace, Stanley, Durham DH9 0LF3
£110K03/210.97 mi4, Station Villas, Shield Row, Stanley, Durham DH9 8RJ3
£183.5K04/230.97 mi8, James Street, Shield Row, Stanley, County Durham DH9 8RH3
£400K11/220.99 miAlicia House, Causey Way, Kip Hill, Stanley, County Durham DH9 8RN3
£122.5K06/230.99 mi6, Sylvia Terrace, Stanley, County Durham DH9 0EG3
£101K12/221 mi7, Wylam Terrace, Stanley, County Durham DH9 0EF3

Local Rents

50 rents from £400/mo to £1.8K/mo, average is £585/mo.

RentDateDistanceAddressBeds 
£55008/230.46 mi-3
£62512/240.64 miBroom Hill, Stanley3
£1,50012/240.79 miThe Tiley at High Steads, Durham, DH93
£57512/240.81 miSunny Terrace, Stanley, Co. Durham, DH93
£55012/240.99 miSylvia Terrace, Stanley2
£60004/250.99 mi-3
£60004/250.99 mi-3
£50012/241.01 mi-2
£52512/241.02 mi-2
£57512/241.08 miChurch Street, Stanley, County Durham, DH92
£95012/241.13 mi-3
£59512/241.16 miBelle Street, Stanley, DH92
£62512/241.2 mi-3
£75012/241.21 mi-4
£1,10006/241.21 miThe Meadows, Burnopfield, Newcastle upon Tyne, NE163
£55012/241.24 miSpen Street, Stanley, Durham, DH93
£65003/251.26 mi-3
£50003/251.26 mi-1
£53502/251.32 mi-2
£57512/241.36 miWear Road, Stanley, County Durham, DH92
£42012/241.38 miPark Road, Stanley, County Durham, DH92
£1,79503/251.38 mi-3
£55012/241.39 miBircham Street, South Moor, Stanley, DH92
£55004/251.41 mi-2
£67511/241.44 mi-3
£62503/251.45 mi-3
£87107/231.47 mi-3
£60012/241.47 mi-3
£60004/251.47 mi-3
£75001/251.49 mi-3
£55012/241.49 miOliver Street, Stanley, Durham, DH9 7AQ2
£45001/251.5 mi-2
£59510/241.5 mi-2
£50003/251.5 mi-2
£49512/241.51 miUnity Terrace, Stanley2
£47512/241.52 miCoronation Terrace, Stanley, Durham, DH92
£62507/241.52 mi-3
£77512/241.55 miGibside Close, Stanley, Durham, DH93
£75003/241.58 mi-3
£70003/251.58 mi-3
£1,10012/241.58 mi-4
£60012/241.58 miOrwell Gardens, Stanley, Durham, DH92
£40012/241.59 miMitchell Street, South Moor, Stanley1
£89505/241.6 miLilac Crescent, Burnopfield, NE163
£55002/251.61 mi-2
£42512/241.61 mi-2
£55004/251.62 mi-2
£55012/241.62 miPoplar Street, Stanley, County Durham, DH92
£49012/241.64 miPoplar Street, Stanley, County Durham, DH92
£57512/241.64 mi-2

Local Area Statistics

Population in DH9

36,673

Nearest school

0.20 miles away

Nearest train station

5.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £110,000

January 30, 2025

Floor Plans

Description

  • End Terraced Home +
  • Three Bedrooms +
  • Open Plan Kitchen Diner +
  • Gardens Front & Rear +
  • Gas Central Heating & Double Glazing +
  • Ample Storage +
  • Many Local Amenities +
  • Good Transport Links +

Jan Mitchell Properties are pleased to welcome to the market this three bedroom end terrace house on Parkside, Tanfield Lea. The home is well presented throughout and will appeal to a variety of buyers.

The property briefly comprises:- Entrance hall, lounge with feature fireplace, integrated kitchen/diner with fitted wall and floor units, breakfast bar and patio doors to the rear. To the first floor, there are three good sized bedrooms, and a wet room. Externally, there is a gated lawned garden to the front of the property and to the rear, a private yard area with outbuilding.

Location
The property conveniently positioned for easy access to a wealth of local amenities within the village itself as well as close proximity to Stanley town centre. From there, you'll find excellent transport links to surrounding areas such as Consett, Chester le Street, and Durham.

Measurements
Lounge - 3.77 x 3.93
Kitchen/Diner - 5.66 x 3.04
Bedroom One - 3.85 x 3.92
Bedroom Two - 3.85 x 2.70
Bedroom Three - 2.48 x 2.97

IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.

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.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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