4 Bed Detached House, Cash/Bridging Only, DH9 8DA, £475,000

Stanley, County Durham, DH9 8DA - 2 months ago

Cash
ROI: 1%
~129 m²
+21 photos

ValuationOvervalued

Sold Prices£51K - £455K
Sold Prices/m²£580/m² - £2.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.7K/m²

Value Estimate

£206,811

 

 

End Value (After Refurb)

£170,975

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£49,856

Bridging Loan Interest

£12,469

Total Cash In

£211,525

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£170,975

Mortgage (After Refinance)

£128,231

Mortgage LTV

75%

Cash Left In

£211,525

Equity

£42,744

Rent Range

£600 - £1,500

Rent Estimate

£852

Running Costs/mo

£725

Cashflow/mo

£127

Cashflow/yr

£1,528

ROI

1%

Gross Yield

2%

Local Sold Prices

30 sold prices from £51K to £455K, average is £200K. £580/m² to £2.4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£128K03/210.41 mi11, Valiant Way, Catchgate, Stanley, Durham DH9 8FG4
£51K02/230.42 mi12, Langdon Gardens, Stanley, County Durham DH9 8RW4
£147K04/210.44 mi16, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD4
£150K02/210.45 mi12, Viscount Close, Catchgate, Stanley, County Durham DH9 8FD4
£162.5K02/210.54 mi1, Bethany Terrace, Stanley, County Durham DH9 8TW4
£255K10/200.61 miRose Cottage, Harperley Road, Stanley, Durham DH9 8TB4
£175K07/230.61 mi19, Cedar Court, Catchgate, Stanley, County Durham DH9 8LY4
£188K05/230.61 mi15, Cedar Court, Catchgate, Stanley, County Durham DH9 8LY4
£169.9K06/210.69 mi55, Lily Gardens, Dipton, Stanley, County Durham DH9 9BQ4
£180K03/210.7 mi46, Lily Gardens, Dipton, Stanley, Durham DH9 9BQ4
£140K12/200.78 mi29, Pikesyde, Dipton, Stanley, County Durham DH9 9EQ4
£215K01/230.94 mi25, The Croft, Stanley, County Durham DH9 8NQ4
£210K03/210.98 mi14, Ewehurst Road, Dipton, Stanley, County Durham DH9 9JW4
£300K01/210.99 mi3, Douglas Court, Greencroft, Stanley, County Durham DH9 8UE4
£185K07/211.01 mi29, Ewehurst Road, Dipton, Stanley, Durham DH9 9LR4
£240K07/211.02 mi1, Fellside Court, Dipton, Stanley, County Durham DH9 9LP4
£360K10/201.1 mi15, The Avenue, Stanley, County Durham DH9 8NX4
£272.5K11/221.12 mi15, Heather Lea, Dipton, Stanley, County Durham DH9 9XN4
£240K12/201.12 mi5, Heather Lea, Dipton, Stanley, Durham DH9 9XN4
£275K06/211.15 mi10, The Villas, Greencroft, Stanley, County Durham DH9 8PA4
£125K10/201.22 mi12, White Le Head Gardens, Tantobie, Stanley, County Durham DH9 9RU4
£190K12/201.28 mi28, Westhills, Tantobie, Stanley, County Durham DH9 9RZ4
£155K12/221.31 mi28, Stanleyburn View, New Kyo, Stanley, County Durham DH9 7GB4
£242.5K01/231.34 mi25, Woodburn, Tanfield Lea, Stanley, County Durham DH9 9UR4
£445K04/231.42 miThe Beeches, Chapel Street, Tantobie, Stanley, County Durham DH9 9RH4
£455K11/201.56 miWildcat House, Clough Dene, Tantobie, Stanley, County Durham DH9 9PW4
£165K02/231.56 miSunnybrae, Clough Dene, Tantobie, Stanley, County Durham DH9 9PW4
£210K05/241.73 mi42, Edward Street, Hobson, Newcastle Upon Tyne, County Durham NE16 6EP4
£270K03/231.84 mi10, The Meadows, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6QW4
£285K11/201.84 mi70, The Meadows, Burnopfield, Newcastle Upon Tyne, Durham NE16 6QW4

Local Rents

18 rents from £600/mo to £1.5K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£75003/250.34 mi-3
£1,10012/240.57 mi-4
£69507/230.66 mi-3
£87107/230.79 mi-3
£99512/240.95 miFront Street, Annfield Plain, Stanley, County Durham, DH95
£60008/230.96 mi-3
£65012/241 miClavering Place, Stanley, County Durham, DH93
£75012/241.09 mi-3
£75012/241.09 mi-3
£70012/241.09 mi-3
£80012/241.09 mi-3
£80012/241.09 mi-3
£1,00002/251.09 mi-3
£1,00010/241.09 mi-3
£80003/251.09 mi-3
£80003/251.09 mi-3
£1,50012/241.13 miThe Tiley at High Steads, Durham, DH93
£62512/241.22 miSouth View, Annfield Plain, Stanley3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.40 miles away

Nearest train station

6.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £475,000

March 20, 2025

Price changed to £494,995

March 12, 2025

Listed for £499,995

January 31, 2025

Floor Plans

Description

  • FOUR BED DETACHED HOUSE +
  • NEW DOUBLE GLAZING +
  • STONE BUILT PROPERTY +
  • NEW LARGE CONTEMPORARY KITCHEN/DINER +
  • SUPERBLY PROPORTIONED THROUGHOUT +
  • EARLY VIEWING RECOMMENDED +

True Homes Estate Agents welcomes to the market this, modern four bedroom,detached home in Hare Law. The property benefits from an elevated position with a substantial plot allowing for superb room proportions throughout. This home has been tastefully decorated and modernised by the current owners and viewings are advised early to avoid disappointment. The property briefly comprises, Entrance Hall, lounge with feature fireplace. To the rear of the property; is the open plan living space with kitchen/diner area, complete with granite worktops, spotlights and a range of integrated appliances, and a utility room. Completing the ground floor is w/c and access to the integral garages.To the first floor, a contemporary bathroom, four bedrooms, the master with ensuite shower. Externally there is a parking via a block paved drive way accommodating a number of cars and a side and rear gardens with private lawn and patio. An additional room is located above the garages, ideal for office/work area. Finally the property is, freehold, new double glazing and heated by a gas combi boiler.

Entrance Hall - Entrance door to hall with new flooring.

Cloaks W.C - new flooring, low level w.c, sink unit,radiator and window.

Lounge - 18'9" x 14'11 (5.70m x 4.54m) - New flooring, radiators, two large windows one being a bay with wood seating and log burning stove with a fantastic stone surround.

Kitchen - 18'11 x 14'11 (5.77m x 4.56m) - (New kitchen)Fitted wall and base units with granite tops, breakfast island, with built in electric hob, new flooring, sink unit with mixer tap, electric ovens and coffee maker, two windows, patio doors leading to rear garden, and doors leading to utility room and garages.

Utility Room - 9 x 7'10 (0.23m x 2.39m) - Fitted base units with work top surfaces, plumbed for an automatic washing machine, vented for dryer, sink unit with mixer tap and window. Doors leading into Garage and rear garden.

Entry from external stairway:

Study/ family room - 19'2" x 17'9" (5.85m x 5.40m) - Two Vilux windows, fitted bar.

Stairs To The First Floor - Feature wood stair case, full length window and loft access.

Bedroom One - 16'6 x 9'10 (5.04m x 3.0m) - Central heating radiator and two double glazed window,fitted storage.
En Suite - Full floor and wall tiles, window, low level w.c, sink unit, spotlights to the ceiling, walk in double shower cubicle and heated towel rail.

Bedroom Two - 12'6 x 9'10 (3.82m x 2.25m) - Central heating radiator, carpet flooring and window.

Bedroom Three - 12'6 x 10'5 (3.82m x 3.18m) - Central heating radiator, carpet flooring and window.

Bedroom Four - 10'10 x 10'4 (3.30m x 3.15m) - Central heating radiator, carpet flooring fitted wardrobes and window.

Bathroom - Full wall and floor tiling, stand alone bath, seperate shower, window, low level w.c, sink unit and heated towel rail.

Externally - To the front of the property is a block paved driveway for a number of cars, and double garage with two individual entry exit electic doors.

To the rear of the property a large open garden with a privacy barbicue seating area, with an additional patio area.

DISCLAIMER:

We endeavour to make our property details accurate. 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 advise.

Agent Details

True Homes Group, Whickham

0191 743 1187

Next Steps?

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