3 Bed Semi-Detached House, Planning Permission, DH9 9NQ, £110,000

The Crescent, Tanfield Lea, Stanley, DH9 9NQ - 2 views - 3 months ago

Sold STC
Planning
ROI: 3%
~93 m²
+11 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£105,262

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£550 - £1,795

Rent Estimate

£556

Running Costs/mo

£475

Cashflow/mo

£81

Cashflow/yr

£973

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £62K to £400K, average is £112.5K. £738/m² to £2.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£130K07/210.03 mi19, The Crescent, Tanfield Lea, Stanley, County Durham DH9 9NQ3
£110K10/200.09 mi31, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£155K06/230.09 mi38, Campion Drive, Tanfield Lea, Stanley, County Durham DH9 9PQ3
£92.5K02/210.13 mi12, South Leigh, Tanfield Lea, Stanley, County Durham DH9 9PB3
£150K05/210.19 mi31, Trefoil Road, Tanfield Lea, Stanley, Durham DH9 9PH3
£118.5K09/210.22 mi15, Epworth, Tanfield Lea, Stanley, Durham DH9 9UJ3
£85K02/210.22 mi11, Epworth, Tanfield Lea, Stanley, Durham DH9 9UJ3
£173K12/220.23 mi17, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£90K12/210.23 mi13, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£165K10/210.23 mi43, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£127K06/230.23 mi19, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£150K04/230.23 mi41, The Bungalows, Tanfield Lea, Stanley, County Durham DH9 9NE3
£105K05/230.25 mi41, North Leigh, Tanfield Lea, Stanley, County Durham DH9 9PA3
£62K05/210.29 mi9, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NW3
£100K03/230.29 mi8, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NW3
£75K03/210.29 mi7, Parkside, Tanfield Lea, Stanley, Durham DH9 9NW3
£83K06/230.32 mi18, Broom Hill, Stanley, County Durham DH9 8AZ3
£155K12/200.33 mi37, Errington Drive, Tanfield Lea, Stanley, County Durham DH9 9PD3
£155K01/210.33 mi43, Errington Drive, Tanfield Lea, Stanley, Durham DH9 9PD3
£145K12/220.33 mi20, Errington Drive, Tanfield Lea, Stanley, County Durham DH9 9PD3
£70K06/210.34 mi45, Whinside, Stanley, Durham DH9 8AU3
£88K05/210.36 mi80, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NR3
£103K12/200.36 mi71, Parkside, Tanfield Lea, Stanley, County Durham DH9 9NR3
£128K02/210.36 mi3, The Paddock, Tanfield Lea, Stanley, County Durham DH9 9NS3
£193.5K09/210.39 mi49, Woodburn, Tanfield Lea, Stanley, County Durham DH9 9UR3
£210K01/230.51 mi5, Charnwood, Stanley, County Durham DH9 8BW3
£115K11/200.52 mi39a, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NG3
£215K04/230.58 mi128, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£220K11/220.58 mi132, Orchard Grove, Shield Row, Stanley, County Durham DH9 8NY3
£157.5K02/210.61 mi92, Station Road, Stanley, County Durham DH9 0JU3
£153K08/210.61 mi11, Barnhill, Stanley, County Durham DH9 8AN3
£84K05/210.69 mi17, Gordon Terrace, Stanley, Durham DH9 0LF3
£110K03/210.71 mi4, Station Villas, Shield Row, Stanley, Durham DH9 8RJ3
£101K12/220.72 mi7, Wylam Terrace, Stanley, County Durham DH9 0EF3
£122.5K06/230.72 mi6, Sylvia Terrace, Stanley, County Durham DH9 0EG3
£67K11/210.73 mi10, Blanche Terrace, Tantobie, Stanley, Durham DH9 9TE3
£92K11/210.74 mi10, Robert Terrace, Stanley, County Durham DH9 0ER3
£183.5K04/230.76 mi8, James Street, Shield Row, Stanley, County Durham DH9 8RH3
£90K06/210.76 mi1, Pearson Street, Stanley, Durham DH9 8RQ3
£190K01/210.76 miMarzion, Pearson Street, Stanley, Durham DH9 8RQ3
£63.5K03/230.77 mi9, Palm Terrace, Tantobie, Stanley, County Durham DH9 9PS3
£100K11/200.78 mi29, South View, Tantobie, Stanley, County Durham DH9 9TJ3
£400K11/220.79 miAlicia House, Causey Way, Kip Hill, Stanley, County Durham DH9 8RN3
£85K06/230.79 mi22, Ivy Place, Tantobie, Stanley, County Durham DH9 9PT3
£85K02/230.79 mi25, Ivy Place, Tantobie, Stanley, County Durham DH9 9PT3
£88.8K07/210.81 mi56, Heather Way, Stanley, Durham DH9 7RP3
£79K02/230.81 mi81, Newburn Road, Stanley, County Durham DH9 0HJ3
£143K03/230.81 mi8, Grange Road, Stanley, County Durham DH9 7RQ3
£90K05/230.81 mi56, Heather Way, Stanley, County Durham DH9 7RP3
£125K07/210.84 mi1, Murray Park, Stanley, Durham DH9 0PN3

Local Rents

13 rents from £550/mo to £1.8K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£62512/240.37 miBroom Hill, Stanley3
£57512/240.52 miSunny Terrace, Stanley, Co. Durham, DH93
£60004/250.71 mi-3
£60004/250.71 mi-3
£55008/230.75 mi-3
£95012/240.91 mi-3
£62512/240.91 mi-3
£55012/240.97 miSpen Street, Stanley, Durham, DH93
£65003/251.03 mi-3
£1,50012/241.05 miThe Tiley at High Steads, Durham, DH93
£1,79503/251.16 mi-3
£67511/241.2 mi-3
£62503/251.22 mi-3

Local Area Statistics

Population in DH9

36,673

Nearest school

0.20 miles away

Nearest train station

5.54 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

February 1, 2025

Floor Plans

Description

  • No Forward Chain & Vacant Possession +
  • Semi-Detached Family Home +
  • Two Generous Reception Rooms +
  • Gardens to Three Sides +
  • Potential for Off-Street Parking +
  • Close to Schools +

Vacant Possession and No Forward Chain This semi-detached family home occupies a corner plot with mature gardens to three sides. It offers good-sized accommodation throughout, with three bedrooms, two reception rooms, and a modern shower room.

Situated on a small crescent of properties within the popular village of Tanfield Lea, the property offers huge potential to buyers looking to place their stamp on a home. Accessed to the side into a hallway, the property briefly comprises two open-plan reception rooms, a fitted kitchen, and a rear hall with a storage cupboard and door accessing the rear garden. On the half landing, there is a W/C, whilst on the first floor there are two double bedrooms, a third single bedroom, and a modern shower room. Externally there are gardens to three sides with lawns, mature shrubs, and trees. There is the potential to create off-street parking to the front or side (subject to planning permissions). In addition, the property is gas centrally heated and majority double glazed.

EPC Grade = TBC
Council Tax Band = A

The Crescent is a popular street located within the village of Tanfield Lea which has some local shops and a couple of nearby schools. A more comprehensive range of facilities are available in Stanley town centre, approximately 2 miles away. The property is well placed for commuting purposes, close to the A692 and A 693 highways, providing easy access to Stanley, Chester-le-Street, and Consett, and being almost equal distance from Durham and Newcastle.

Agents Notes
Tenure: Freehold
Utilities: Mains electricity, gas, water & drainage.
Flood Risk: Rivers & Seas = No Risk / Surface Water = Very Low.
Mobile Coverage is Average from all major network providers.
Satellite & Cable TV availability: BT & Sky.
Broadband Estimated Speeds: Standard (11mbps), Superfast (80mbps), Ultrafast (10000mbps).
Situated within a Former Mining Area.
Selective Licencing Area = No

Agent Details

J W Wood, Chester Le Street

0191 625 0107

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.